Commercial Real Estate Market in Locust, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 222 off-market properties in Locust, NC.
Market Trends
Locust, NC spans 30.1 square miles in Stanly County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Locust, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Locust, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Locust, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Locust, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 68.5%
- Residential 15.8%
- Industrial 5.9%
- Commercial 5.1%
- Civic 3.8%
- Open space 0.7%
Largest Zones share of zoned land by district
Open Space District
General Residential District
Neighborhood Residential District
Campus Business And Institutional District
Highway Commercial District
Open Space District (OPS)
OPS (CD): Open Space District (Conditional District) Residential NR (CD): Neighborhood Residential District (Conditional District) Residential GR (CD): General Residential District (Conditional District) Residential CC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): R…
Market overview
Demographics & Economy
Locust, NC has 6,876 residents in 3,002 households. Density runs 229 people per square mile. Median household income here is $77,600 and median gross rent $861 a month.
6,876
Population
3,002
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
30.1 sq mi
ZIP Area
229
Density / Sq Mi
$77,600
Median Household Income
$51,279
Median Earnings
$861
Median Rent
$281,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stanfield | — | — |
| Midland | — | — |
| Oakboro | — | — |
| Frog Pond | — | — |
Commercial property in Locust, NC asks $1,742/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Locust?
Commercial property in Locust, NC asks an average of $1,742 per square foot. The 4 most recent recorded sales traded at a median of $234/SF, so asking sits 646% above the achieved median.
Where does Realmo's Locust market data come from?
Realmo compiles Locust, NC figures from 7 recent recorded sales, 24 active sale listings, 2 active lease listings, 222 tracked off-market properties, the current Locust zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 2 active for-lease listings in Locust, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 7,882 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
