Commercial Real Estate Market in Locust Grove, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 147 off-market properties in Locust Grove, OK.
Market Trends
Locust Grove, OK spans 123.6 square miles in Mayes County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Locust Grove, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Locust Grove, OK asks $100/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Locust Grove, OK 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 Grove, OK runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Locust Grove, OK has 6,070 residents in 2,791 households. Density runs 49 people per square mile. Median household income here is $52,152 and median gross rent $644 a month.
6,070
Population
2,791
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
88%
High-School Grad
123.6 sq mi
ZIP Area
49
Density / Sq Mi
$52,152
Median Household Income
$36,097
Median Earnings
$644
Median Rent
$132,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sportsmen Acres | — | — |
| Salina | — | — |
| Rose | — | — |
| Peggs | — | — |
Commercial property in Locust Grove, OK asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Locust Grove?
Commercial property in Locust Grove, OK asks an average of $1 per square foot. The 3 most recent recorded sales traded at a median of $89/SF. Retail carries the highest asking price at $100/SF.
Where does Realmo's Locust Grove market data come from?
Realmo compiles Locust Grove, OK figures from 3 recent recorded sales, 35 active sale listings, 147 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 35 active for-sale and 0 active for-lease listings in Locust Grove, OK. 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.
- 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 and industrial vacancy is reported at South region level.
- 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
