The housing market in Loretto, PA is thriving and has seen a great appreciation in value over the past year. The median value of a house in Loretto is $143,000, which is much lower than the US median value of $338,100. In the past year, the US house appreciation rate was 8.27%, while the appreciation rate for housing in Loretto was 10.96%. This demonstrates that Loretto's housing market has been performing better than the national average and has seen a greater increase in value.
The median home cost in Loretto is $143,000. Home appreciation the last 10 years has been 36.4%. Home Appreciation in Loretto is up 15.4%.
Average Age of Homes
- The median age of Loretto real estate is 60 years old
The Rental Market in Loretto
- Renters make up 40.1% of the Loretto population
- 2.6% 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.