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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Locust, NC Housing Affordability Index

Locust, North Carolina has an MBR Housing Affordability Index score of 100.3 (Near National Average) as of October 30, 2026, ranking 432nd most affordable of 587 scored North Carolina cities, compared with 104.6 statewide and 97.4 nationally. On a median-priced $322,100 home with 20% down, the North Carolina average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,760, or 28% of the city’s $76,504 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Locust is updated every night from live North Carolina mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Locust MBR-HAI 100.3 Near National Average
Rank in North Carolina 432 of 587 1 = most affordable
North Carolina 104.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% North Carolina lenders
Median home value $322,100 U.S. Census Bureau

Locust is 4.4 points below the North Carolina score. Scores as of October 30, 2026. See the North Carolina index

View Locust Mortgage Rates

What It Takes to Buy in Locust

$1,760/mo
Principal & Interest
Median home, 20% down, 7.26%
$75,400
Income Needed
To keep the payment at 28% of income
$76,504
Median Household Income
North Carolina: $72,388
4.2x
Price-to-Income Ratio
North Carolina: 4.0x
$1,091/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,265/yr
Median Property Tax
0.70% of median value
27.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
56.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Locust, North Carolina. The rate is the North Carolina average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Locust Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Locust, North Carolina score: 100.3 (Near National Average), ranked 432 of 587 North Carolina cities. monitorbankrates.com/housing-affordability-index/north-carolina/locust”