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Affordable
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These days, finding an affordable place to live in the Loretto area can be challenging. Home prices in Loretto are now at a median cost of $190,531, lower than the Kentucky average of $219,615.
The average cost of rent is $702/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. In Loretto, 10.26% of households rent, and 48.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $5,646 per month. Households that rent pay about 12.43% of their income on rent here. Loretto’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Nerinx, KY: equally priced homes
- St. Francis, KY: equally priced homes
- Holy Cross, KY: higher priced homes
- St. Mary, KY: less expensive homes
- Cisselville, KY: higher priced homes
- New Hope, KY: higher priced homes
- Gethsemane, KY: higher priced homes
- Fredericktown, KY: equally priced homes
- Raywick, KY: less expensive homes
- St. Joseph, KY: equally priced homes
Cities with Similar Populations
- Umpqua, OR: higher priced homes
- Creston, MT: higher priced homes
- Crowley, CO: less expensive homes
- Culebra, PR: less expensive homes
- Dauphin Island, AL: higher priced homes
- Dysart, IA: equally priced homes
- Elephant Butte, NM: equally priced homes
- Ellsworth, MI: higher priced homes
- Swanton, MD: higher priced homes
- Tillery Crossroads, AL: equally priced homes
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