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The phrase "local value" is grammatically correct and usable in written English.
You can use it when you are referring to something specific to a certain area or community, such as a tradition or attitude. For example, "The local value of working hard and helping others is something that many people in this region take pride in."
Exact(59)
What we still miss are strategies to promote local value.
Bipartisan consensus is a cherished local value; laws mandating official transparency are proudly upheld.
No – the real local value of art lies in regenerating cities.
President Obama champions infrastructure spending, but does that spending create local value?
For example, consider how the value of coastal mangroves goes beyond local value to global.
Culture must of course continue to lobby for its local value, and argue against cuts where they occur.
To increase their accuracy, mercury barometers are often corrected for ambient temperature and the local value of gravity.
"Apps don't start the process, but they do enable neighbourhoods to retain their real estate value without having any local value," he argued.
The investment must be long term and target strategic sectors outside of extractives, which spurs local value added-growth, to invoke a sense of shared purpose.
The slow rate of planting also has knock-on effects beyond the local value of woods, as the government's climate advisers noted last week.
Devaluation would both raise the local value of the state's dollar-based oil revenue and (maybe) arrest the outward trickle of capital.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com