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

$205,500

  • -1.0% 1-year change
  • None 1-year forecast

The median home value in Locust Grove is $205,500. Locust Grove home values have declined -1.0% over the past year.

Foreclosures will be a factor impacting home values in the next several years. In Locust Grove 1.8 homes are foreclosed (per 10,000). This is lower than the Orange County value of 3.1 and also lower than the national value of 3.6

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 4.8%, which is lower than the national value of 6.0%. 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 21.1%, which is higher than Orange County at 18.7%.

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Relative ZHVI
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Locust Grove Market Overview

Data through Jul 31, 2015
  • $205,500 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $223,900 Median sale price
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Locust Grove Market Health

Data through Jul 31, 2015
  • 1.9/10 Less 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
  • 21.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Locust Grove
3 Orange County
4 United States
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Nearby Cities

Name Median ZHVI
Goldvein $272,200
Sumerduck $234,700
Remington $208,700
Name Median ZHVI
Brandy Station $195,000
Spotsylvania $187,300
Partlow $164,100
Name Median ZHVI
Rhoadesville $156,800
Unionville $153,200
Elkwood $151,100

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $130 Median sale price / sq ft
  • No data Listings with price cut
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Locust Grove Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,426 Locust Grove
    $1,267 Orange County
    $1,376 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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