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 $441,285, higher than the Minnesota average of $269,934.
The average cost of rent is $1,072/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. While nearly 26.09% of residents own their homes outright in Loretto, 7.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $10,247 per month. Households that rent pay about 10.46% of their income on rent here. Loretto's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Greenfield, MN: less expensive homes
- Rockford, MN: less expensive homes
- Independence, MN: higher priced homes
- Corcoran, MN: equally priced homes
- Hanover, MN: less expensive homes
- Maple Plain, MN: less expensive homes
- Medina, MN: higher priced homes
- Delano, MN: less expensive homes
- St. Michael, MN: less expensive homes
- Long Lake, MN: higher priced homes
Cities with Similar Populations
- Simsboro, LA: less expensive homes
- Melbourne, KY: less expensive homes
- Milton, KY: less expensive homes
- Mount Vernon, GA: less expensive homes
- Belle, MO: less expensive homes
- Odum, GA: less expensive homes
- Ord, NE: less expensive homes
- Pangburn, AR: less expensive homes
- Pomona Park, FL: less expensive homes
- Riegelsville, PA: equally priced homes
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