Home Values

Locust Grove Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$85,700

  • -2.3% 1-year change
  • None 1-year forecast

The median home value in Locust Grove is $85,700. Locust Grove home values have declined -2.3% over the past year. The median price of homes currently listed in Locust Grove is $110,000.

Foreclosures will be a factor impacting home values in the next several years. In Locust Grove 21.2 homes are foreclosed (per 10,000). This is greater than the Mayes County value of 1.3 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Locust Grove is 0.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Locust Grove homeowners underwater on their mortgage is 14.2%, which is lower than Mayes County at 14.3%.

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Relative ZHVI
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Locust Grove Market Overview

Data through Sep 30, 2014
  • $85,700 ZHVI
  • No data 1-yr forecast
  • $110,000 Median listing price
  • No data Median sale price
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Locust Grove Market Health

Data through Sep 30, 2014
  • 6.6/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 14.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Adair $108,400
Inola $102,200
Chouteau $96,800
Name Median ZHVI
Pryor $72,100
 
 

Listings & Sales

Data through Sep 30, 2014
  • $59 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 17.6% Listings with price cut
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Locust Grove Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $908 Locust Grove
    $956 Mayes County
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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