Home prices
The median home in Loretto costs $260,400. It is about $163,900 (38%) lower in comparison to nearby areas.Compared to the United States as a whole it is approximately $42,900 (19%) higher, and compared to the city of Minneapolis it is roughly $8,800 (3%) higher.
Rents
In Loretto the median monthly rent is $645. It is about $732 (53%) lower compared to its nearby areas.In comparison to the country as a whole it is approximately $417 (39%) lower, and is roughly $382 (37%) lower compared to the city of Minneapolis.
Nearby places
Medina
Medina is Loretto's neighbor to the southeast. Real estate prices there are a lot more expensive. The cost of the median home in Medina is $606,100, which is $345,700 (57%) higher than Loretto. Rents there are substantially more expensive. Medina's median monthly rent is $1,338, which is $693 (51%) higher than Loretto.
Maple Plain
Maple Plain is roughly 3 miles south of Loretto. Real estate prices there are pretty similar. The median home in Maple Plain is valued at $248,900, which is $11,500 (4%) lower than Loretto. Its rents are a little more expensive. In Maple Plain the median rent is $915 per month, which works out to $270 (29%) higher than Loretto.
Greenfield
Greenfield is about 3 miles northwest from Loretto. The housing prices there are substantially more expensive. The median home in Greenfield costs $428,300, which works out to $167,900 (39%) higher than Loretto. Rents there are a lot more expensive. The median monthly rent in Greenfield is $1,313, which works out to $668 (50%) higher than Loretto.
Independence
Independence is approximately 3 miles southwest from Loretto. Housing prices there are substantially more expensive. The median home in Independence costs $502,900, which comes out to $242,500 (48%) higher than Loretto. Rents there are a lot more expensive. In Independence the median monthly rent is $1,637, which is $992 (60%) higher than Loretto.
Corcoran
Corcoran is about 4 miles northeast of Loretto. The housing prices there are somewhat more expensive. Corcoran's median home price is $335,300, which works out to $74,900 (22%) higher than Loretto. Rent there is substantially more expensive. The median rent in Corcoran is $1,681 per month, which works out to $1,036 (61%) higher than Loretto.
