The housing market in Loretto, TN is thriving. According to the median value for housing in Loretto, it currently stands at $193,200. This is significantly lower than the national average of $338,100. In addition to this, the 1-year appreciation rate for housing in Loretto is 19.43%, compared to the US average of 8.27%. This shows that investment in property in Loretto is likely to yield higher returns over time than other areas of the country. With an attractive median value and higher appreciation rate, Loretto provides potential buyers with a great opportunity to purchase and invest in real estate.
The median home cost in Loretto is $193,200. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Loretto is up 26.6%.
Average Age of Homes
- The median age of Loretto real estate is 47 years old
The Rental Market in Loretto
- Renters make up 20.3% 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.