Similar to nearby areas, it is significantly less expensive compared to the country as a whole. Compared to the city of Lexington-Fayette, it is significantly less expensive.
Home prices
The median home in Loretto costs $108,100. In comparison to the surrounding areas it is roughly $1,340 (1%) lower.In comparison to the entire nation it is roughly $109,400 (50%) lower, and it is about $81,700 (43%) lower compared to the city of Lexington-Fayette.
Rents
The median monthly rent in Loretto is $590. In comparison to the surrounding areas this is about $36 (5%) lower.In comparison to the nation as a whole it is roughly $472 (44%) lower, and in comparison to the city of Lexington-Fayette it is roughly $306 (34%) lower.
Nearby places
Raywick
Raywick is approximately 5 miles south of Loretto. Housing prices there are similar. The median home in Raywick is valued at $108,300, which is very similar to Loretto. Its rents are a little more expensive. The median rent in Raywick is $625 per month, which comes out to $35 (5%) higher than Loretto.
Lebanon
Lebanon is roughly 8 miles southeast of Loretto. Its housing prices are a little less expensive. The median home in Lebanon costs $92,600, which is $15,500 (16%) lower than Loretto. Rents there are similar. The median monthly rent in Lebanon is $592, which is very similar to Loretto.
New Haven
New Haven is approximately 9 miles west from Loretto. The housing prices there are a bit less expensive. The median home in New Haven costs $102,100, which is $6,000 (5%) lower than Loretto. Its rents are a bit more expensive. In New Haven the median rent is $651 a month, which works out to $61 (9%) higher than Loretto.
Springfield
Springfield is about 9 miles northeast from Loretto. Housing prices there are a bit more expensive. The median home price in Springfield is $120,700, which comes out to $12,600 (10%) higher than Loretto. Its rents are similar. Springfield's median monthly rent is $588, which is very similar to Loretto.
Bardstown
Bardstown is about 13 miles north from Loretto. Its housing prices are somewhat more expensive. The median home in Bardstown is valued at $123,500, which works out to $15,400 (12%) higher than Loretto. Its rents are somewhat more expensive. The median monthly rent in Bardstown is $676, which comes out to $86 (12%) higher than Loretto.
