HomeNorth CarolinaStanly CountyLocust
Locust, North Carolina: commercial real estate data.
Locust is a Census city of 5,840 people across 8.22 square miles of land, lying across Stanly County and Cabarrus County. Median household income is $76,504, 86.9 percent of occupied homes are owned, and the SBA record carries 8 7(a) approvals to borrowers here worth $5.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Locust
What Locust is
- Census place typecity
- Land area8.22 sq mi
- Water area0 sq mi
- Population per square mile of land710
- County holding the largest share of its areaStanly County, 75.4 percent
- Counties this place lies inStanly County 75.4 percent, Cabarrus County 24.6 percent
Locust crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust
How many people live in Locust
- Population5,840
- Median age36.2
- Population under 181,390 plus or minus 320
- Share under 1823.8 percent plus or minus 5.2
- Population 65 and over1,133 plus or minus 296
- Share 65 and over19.4 percent plus or minus 4.9
- Households2,193
- Family households1,505
- Share of households that are families68.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust
Income and work in Locust
- Median household income$76,504 plus or minus $18,990
- Per capita income$33,676
- Civilian labor force2,411
- Employed2,323
- Unemployed88 plus or minus 56
- Unemployment rate3.6 percent plus or minus 2.3
- Adults 25 and over3,900
- Adults 25 and over with a high school diploma or higher88.1 percent
- Adults 25 and over with a bachelor degree or higher22.5 percent plus or minus 6.7
- Adults 25 and over with a graduate degree6.8 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust
Housing in Locust
- Housing units2,334
- Occupied units2,193
- Vacant units141 plus or minus 114
- Vacancy rate6.0 percent plus or minus 4.8
- Owner occupied1,906
- Renter occupied287 plus or minus 130
- Ownership rate86.9 percent
- Median owner-occupied home value$322,100
- Median gross rent, monthly$895 plus or minus $609
- Annual rent as a share of median income14.0 percent plus or minus 10.2
- Single family units1,988
- Share single family85.2 percent
- Units in buildings of two or more153 plus or minus 98
- Share in buildings of two or more6.6 percent plus or minus 4.1
- Mobile homes193 plus or minus 111
- Median year structure built2006
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust
How Locust gets to work
- Workers 16 and over who commute1,992
- Commuting under 15 minutes273 plus or minus 124
- Share commuting under 15 minutes13.7 percent plus or minus 5.9
- Commuting 30 minutes or more1,251 plus or minus 365
- Share commuting 30 minutes or more62.8 percent plus or minus 15.7
- Drove alone75.4 percent
- Carpooled11.1 percent plus or minus 6.6
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home13.5 percent plus or minus 6.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust
SBA loans in Locust (7(a))
- Approvals8
- Gross approval$5,593,900
- Average approval$699,238
- Median approval$371,100
- Largest approval$2,574,500
- Jobs supported66
- Jobs per approval8.3
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term213 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises12.5 percent
- Distinct lenders6
- Distinct industries by NAICS8
Counted by borrower city: approvals to borrowers whose address is in Locust, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Locust
SBA loans in Locust (504)
- Approvals6
- Gross approval$1,454,000
- Average approval$242,333
- Median approval$194,500
- Largest approval$482,000
- Jobs supported28
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Locust, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Locust
Flood risk in Locust
- NFIP communityCity of Locust
- NFIP community number370508
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/16/18
The City of Locust participates in the National Flood Insurance Program as community 370508 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Stanly County, not Locust
Stanly County context, not Locust figures
- Establishments in Stanly County1,459
- Covered employment, Stanly County23,093
- Average annual pay, Stanly County$44,697
- Housing units permitted, Stanly County367
Every figure in this section is published for Stanly County as a whole and is not a measurement of Locust.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Locust questions, answered from the record.
How many people live in Locust, North Carolina?
5,840, in 2,193 households. Locust city covers 8.22 square miles of land, which is 710 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Locust in?
Locust lies in more than one. By area it is 75.4 percent in Stanly County, 24.6 percent in Cabarrus County. This page sits under Stanly County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Locust?
$76,504. The median owner-occupied home is valued at $322,100. Median gross rent is $895 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Locust businesses?
8 7(a) approvals totaling $5.6 m since FY2020, across 6 lenders, median approval $371,100, plus 6 504 approvals worth $1.5 m since FY2010. These count approvals to borrowers whose address is in Locust, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Locust borrowers get paid back?
No rate is published for Locust. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Locust in the National Flood Insurance Program?
Yes. Locust appears in the FEMA Community Status Book as Locust, city of, community 370508, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Locust figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Stanly County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Locust.
Is zoning published for Locust?
No. Nothing on this page presents parcel level zoning.
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