Real Estate Investing in Locust Grove, Oklahoma

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 5,825 • Mayes County

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Should you buy in Locust Grove, OK? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 19.9% of homes vacant — above national norms.

What’s happening in Locust Grove, OK?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $194,808
Avg Monthly Rent $846
ZIP Codes 1

Investing in Locust Grove Real Estate

Locust Grove, OK covers 1 ZIP codes and a population but the investment metrics here are thin — this is not a market to enter casually.

Locust Grove is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

Market conditions in Locust Grove are subdued. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Population dynamics in Locust Grove haven't been supportive. better suited elsewhere for combined with lackluster income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Tulsa, OK

Locust Grove is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$194,808
Avg Monthly Rent
$846
1% Rule
✗ Below
Landlord Friendly (OK)

📉 Market Crash Risk Index

Based on Tulsa, OK metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
54%
Days Pending
1/2
53 days

View all metro crash risk rankings →

❄️ Cool Market — Tulsa, OK metro
53
Days to pending
10.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Locust Grove, OK

Screen every ZIP in Locust Grove

Filter Locust Grove’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Locust Grove, OK

Should investors consider Locust Grove, OK?

The 3.0/5 investability rating in Locust Grove, OK reflects its $195K prices and $846/mo rents. Investors generally consider it a solid option within OK.

Do rentals sit vacant long in Locust Grove, OK?

Rental vacancy in Locust Grove, OK is elevated. Investors should budget normal turnover but not chronic empty units.

Which real estate strategy fits Locust Grove, OK?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Locust Grove, OK. The numbers - $195K homes against $846/mo rents - support that play.

Is rental property easy to operate in Locust Grove, OK?

The landlord environment in Locust Grove, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

How much rent can I charge in Locust Grove, OK?

Locust Grove, OK rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $195K acquisition costs.

Community Ratings

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