HomeOklahomaMayes CountyLocust Grove town
Locust Grove town, Oklahoma: commercial real estate data.
Locust Grove town is a Census town of 1,453 people across 1.82 square miles of land, in Mayes County. Median household income is $49,398, 61.7 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $3.8 m.
66 sourced place values · tier FULL · 7 sections
Locust Grove
What Locust Grove is
- Census place typetown
- Land area1.82 sq mi
- Water area0 sq mi
- Population per square mile of land797
- County holding the largest share of its areaMayes County, 100.0 percent
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 Grove
How many people live in Locust Grove
- Population1,453
- Median age36.2
- Population under 18315 plus or minus 67
- Share under 1821.7 percent
- Population 65 and over219 plus or minus 54
- Share 65 and over15.1 percent
- Households583
- Family households373
- Share of households that are families64.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust Grove
Income and work in Locust Grove
- Median household income$49,398
- Per capita income$24,532
- Civilian labor force706
- Employed681
- Unemployed25 plus or minus 19
- Unemployment rate3.5 percent plus or minus 2.6
- Adults 25 and over976
- Adults 25 and over with a high school diploma or higher88.2 percent
- Adults 25 and over with a bachelor degree or higher12.7 percent plus or minus 4.1
- Adults 25 and over with a graduate degree3.6 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust Grove
Housing in Locust Grove
- Housing units651
- Occupied units583
- Vacant units68 plus or minus 22
- Vacancy rate10.4 percent plus or minus 3.2
- Owner occupied360
- Renter occupied223 plus or minus 57
- Ownership rate61.7 percent
- Median owner-occupied home value$106,900
- Median gross rent, monthly$650 plus or minus $196
- Annual rent as a share of median income15.8 percent plus or minus 4.9
- Single family units489
- Share single family75.1 percent
- Units in buildings of two or more118 plus or minus 40
- Share in buildings of two or more18.1 percent plus or minus 5.7
- Mobile homes44 plus or minus 20
- Median year structure built1975
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust Grove
How Locust Grove gets to work
- Workers 16 and over who commute609
- Commuting under 15 minutes223 plus or minus 64
- Share commuting under 15 minutes36.6 percent plus or minus 8.7
- Commuting 30 minutes or more215 plus or minus 57
- Share commuting 30 minutes or more35.3 percent plus or minus 7.3
- Drove alone71.9 percent
- Carpooled13.4 percent plus or minus 5.9
- Public transport0.0 percent
- Walked4.6 percent plus or minus 3.8
- Worked from home9.1 percent plus or minus 6.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Locust Grove
SBA 7(a) lending to Locust Grove borrowers
- Approvals7
- Gross approval$3,787,200
- Average approval$541,029
- Median approval$340,000
- Ninetieth percentile approval$1,833,600
- Largest approval$1,833,600
- Jobs supported165
- Jobs per approval23.6
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more14.3 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS5
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mayes County, not Locust Grove
Mayes County context, not Locust Grove figures
These are Mayes County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Locust Grove measurements.
- Establishments in Mayes County833
- Employment at those establishments, Mayes County11,426
- Covered employment, Mayes County13,938
- Average annual pay, Mayes County$57,213
- Average weekly wage, Mayes County$1,100
- Housing units permitted, Mayes County15
- Of those, single family, Mayes County15
- County product, 2024, Mayes County$2,700,193,000
- County product change over the prior year, Mayes County0.5 percent
- Average income of an arriving household, Mayes County$53,183
Every figure in this section is published for Mayes County as a whole and is not a measurement of Locust Grove. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Locust Grove questions, answered from the record.
How many people live in Locust Grove, Oklahoma?
1,453, in 583 households. Locust Grove town covers 1.82 square miles of land, which is 797 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Locust Grove in?
Mayes County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Locust Grove?
$49,398. The median owner-occupied home is valued at $106,900. Median gross rent is $650 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 Grove businesses?
7 7(a) approvals totalling $3.8 m, across 4 lenders, median approval $340,000. These count approvals to borrowers whose address is in Locust Grove, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Locust Grove borrowers get paid back?
No rate is published for Locust Grove. only 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Locust Grove figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Mayes 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 Grove.
Is zoning published for Locust Grove?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.