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Affordable
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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 $244,200, lower than the Virginia average of $443,089.
The average cost of rent is $1,148/mo in Loretto, primarily driven by the current value of real estate in the Loretto area. In Loretto, 4.58% of households rent, and 45.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loretto is $4,570 per month. Households that rent pay about 25.12% of their income on rent here. Loretto’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Occupacia, VA: equally priced homes
- Leedstown, VA: less expensive homes
- Hustle, VA: equally priced homes
- Chance, VA: equally priced homes
- Horners, VA: less expensive homes
- Elevon, VA: equally priced homes
- Caret, VA: less expensive homes
- Welcome, VA: higher priced homes
- Oak Grove, VA: less expensive homes
- Champlain, VA: equally priced homes
Cities with Similar Populations
- Whitefish Point, MI: less expensive homes
- Kelloggsville, OH: less expensive homes
- Kempton Croft, MA: higher priced homes
- Kenny Lake, AK: higher priced homes
- Kenwood, AR: less expensive homes
- Kerlin, AR: less expensive homes
- Kinder, MO: less expensive homes
- Kingston, NM: less expensive homes
- Kingstown, WV: less expensive homes
- Kirkland, AR: less expensive homes
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