Home Price Key
Affordable
Average
Expensive
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 $123,955, lower than the Michigan average of $196,062.
The average cost of rent is $692/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. While nearly 55.83% of residents own their homes outright in Loretto, 8.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $5,058 per month. Households that rent pay about 13.67% of their income on rent here. Loretto's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Vulcan, MI: higher 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: higher priced homes
- Kingsford, MI: equally priced 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: equally priced homes
- Wakefield, OH: less expensive homes
- Volente, TX: higher priced homes
- Dial, GA: higher priced homes
- Dennison, MN: higher priced homes
- Dana, KY: less expensive homes
- Crescent City, IL: equally priced homes
- Cowanesque, PA: higher priced homes
- Wardsboro, VT: higher priced homes
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