Expensive
Affordable
Affordable
Colorblind friendly
off
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 $158,154, lower than the Michigan average of $250,415.
The average cost of rent is $856/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. In Loretto, 12.94% of households rent, and 57.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $6,133 per month. Households that rent pay about 13.96% of their income on rent here. Loretto’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vulcan, MI: equally priced homes
- Norway, MI: less expensive homes
- Waucedah, MI: higher priced homes
- Quinnesec, MI: higher priced homes
- Niagara, WI: less expensive homes
- Iron Mountain, MI: equally priced homes
- Kingsford, MI: less expensive homes
- Merriman, MI: higher priced homes
- Hermansville, MI: less expensive homes
- Pembine, WI: equally priced homes
Cities with Similar Populations
- Cosby, MO: higher priced homes
- Walmsley, VA: higher priced homes
- Wakefield, OH: equally priced homes
- Volente, TX: higher priced homes
- Dial, GA: higher priced homes
- Dennison, MN: higher priced homes
- Dana, KY: equally priced homes
- Crescent City, IL: equally priced homes
- Cowanesque, PA: higher priced homes
- Wardsboro, VT: higher priced homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood