Zip 15940 (Loretto, PA) Housing

The housing market in 15940 Loretto, PA is a great buy for those looking to invest. The median housing value is $230,700 which is much lower than the US median house value of $338,100. In addition, house appreciation in Loretto over the past year was 10.96%, much higher than the US average of 8.27%. This makes Loretto an attractive investment opportunity and one worth considering when buying a new home or investing in real estate.

The median home cost in Loretto (zip 15940) is $230,700. Home appreciation the last 10 years has been 36.4%. Home Appreciation in Loretto (zip 15940) is up 15.4%.

Average Age of Homes

- The median age of Loretto (zip 15940) real estate is 40 years old

The Rental Market in Loretto (zip 15940)

- Renters make up 19.7% of the Loretto (zip 15940) population
- 0.6% of houses and apartments in Loretto (zip 15940), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Loretto, Pennsylvania	United States
	694.0	139,647,020.0
	44	42
	$230,700	$338,100
	15.4%	16.6%
	36.8%	57.0%
	36.4%	101.1%
	$14.28	$10.98
	$1,846	$2,690
	75.8%	57.4%
	15.0%	11.2%
	9.2%	31.4%
Vacant Housing
	0.6%	1.9%
	0.9%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	3.9%	3.6%
	9.7%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	1.0%	2.4%
	3.4%	2.8%
	4.8%	3.9%
	5.9%	4.5%
	12.7%	11.3%
	24.7%	13.0%
	26.6%	20.1%
	14.3%	13.6%
	1.7%	8.3%
	0.4%	9.7%
	1.9%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.6%	13.6%
	15.6%	13.6%
	7.2%	13.6%
	18.7%	13.2%
	16.1%	14.8%
	7.2%	13.6%
	7.8%	10.0%
	4.3%	4.7%
	18.2%	12.2%

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