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 $111,852, lower than the Tennessee average of $218,916.
The average cost of rent is $650/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. While nearly 49.18% of residents own their homes outright in Loretto, 12.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $4,194 per month. Households that rent pay about 15.49% of their income on rent here. Loretto's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Busby, TN: equally priced homes
- Ramah, TN: less expensive homes
- St. Joseph, TN: less expensive homes
- Long Branch, TN: higher priced homes
- Bonnertown, TN: less expensive homes
- Mount Nebo, TN: less expensive homes
- Westpoint, TN: less expensive homes
- Crewstown, TN: higher priced homes
- Leoma, TN: higher priced homes
- Lexington, AL: equally priced homes
Cities with Similar Populations
- Sardis, MS: less expensive homes
- Altha, FL: less expensive homes
- Leesburg, NJ: higher priced homes
- Lily, KY: equally priced homes
- Lowell, NC: higher priced homes
- Mapleton, IL: higher priced homes
- Milan, OH: higher priced homes
- Muniz, TX: less expensive homes
- Oakridge, OR: higher priced homes
- Pahoa, HI: higher priced homes
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