The housing market in Loretto, MN is on the rise, with the median house value in the city now at $333,400, which is slightly lower than the national median of $338,100. The US has seen strong house appreciation over the past year of 8.27%, and Loretto has not been far behind with a 1 year house appreciation rate of 6.82%. The combination of these factors makes Loretto an attractive option for potential homeowners looking to invest in a stable and growing housing market.
The median home cost in Loretto is $333,400. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Loretto is up 11.0%.
Average Age of Homes
- The median age of Loretto real estate is 29 years old
The Rental Market in Loretto
- Renters make up 16.3% of the Loretto population
- 0.0% of houses and apartments in Loretto, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.