Market Overview
Home Prices in Locust, NC
The median home value in Locust, NC is $387,387 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Locust are priced6% below average. Locust is part of the Albemarle, NC metro area.
Over the past five years, Locust home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Locust Home Price Trend
2020
$248,147
$248K
—
2021
$302,316
$302K
+21.8%
2022
$377,977
$378K
+25.0%
2023
$373,301
$373K
-1.2%
2024
$385,594
$386K
+3.3%
2025
$385,500
$386K
+-0.0%
2026
$387,387
$387K
+0.5%
City Comparison
Locust vs. National Median
🏠 Locust
$387,387
National Median
$410,000
At $387,387, homes in Locust cost 6% below the national median of $410,000. This makes Locust a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Locust?
20% Down Payment
$77,477
on $387,387
Monthly P&I
$2,020/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,565/mo
incl. taxes & insurance
Income Needed
$102,600
gross annual (30% rule)
10% Down Option
$38,739
+ PMI applies
Loan Amount (20% dn)
$309,910
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Locust, NC?
The median home value in Locust is $387,387 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Locust?
Over the past year, home values in Locust have increased by 0.5%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Locust?
To comfortably afford the median home price of $387,387 with a 20% down payment ($77,477) at today's rates (6.8%), you'd need a gross annual income of approximately $102,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Locust compare to the national average home price?
The national median home value is approximately $410,000. At $387,387, homes in Locust are 6% below the national average.
What metro area is Locust part of?
Locust is part of the Albemarle, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.