Loretto, MN Real Estate
According to census data in the year 2000 there were 232 housing units in Loretto.
This represents a 33.3% growth from 174 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 232 were located in what is classified as a rural area.
Homeownership rate in Loretto is about 67.2%.
Loretto's vacancy rate, including seasonal lodging, is about 1.3%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Loretto were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 22% |
| Two Bedrooms | 23.70% |
| Three Bedrooms | 28.40% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.14 |
| Median year structure was built | 1983 |
| Median Value of occupied units | $152,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.2 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $188 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 64.70% |
| Debt Free | 19.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
