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 $169,800, lower than the Virginia average of $323,261.
The average cost of rent is $837/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. While nearly 40.15% of residents own their homes outright in Loretto, 11.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $5,048 per month. Households that rent pay about 16.58% of their income on rent here. Loretto's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
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- Welcome, VA: higher priced homes
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Cities with Similar Populations
- Whitefish Point, MI: equally priced homes
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- Kingstown, WV: less expensive homes
- Kirkland, AR: less expensive homes
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