Loretto, MN housing market
The typical Loretto home is worth about $388,000, up 2.1% in a year, 11% above the Minnesota typical home.
Home values, sales, trends and how Loretto compares with the towns next door — updated as new data is published.
Loretto at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Loretto | Minnesota |
|---|---|---|
| 2017 | $241,000 | $217,000 |
| 2018 | $260,000 | $232,000 |
| 2019 | $278,000 | $246,000 |
| 2020 | $289,000 | $259,000 |
| 2021 | $314,000 | $282,000 |
| 2022 | $345,000 | $313,000 |
| 2023 | $359,000 | $325,000 |
| 2024 | $364,000 | $331,000 |
| 2025 | $376,000 | $341,000 |
| 2026 | $387,000 | $349,000 |
| August 2026 | $388,000 | $351,000 |
No new homes permitted in 2025
No permits for new homes were issued in Loretto in 2025. The last year with any was 2020 (2 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 2 | 2 | 0 | $1 million |
| 2019 | 1 | 1 | 0 | $400,000 |
| 2018 | 1 | 1 | 0 | $400,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 6 | 6 | 0 | $109,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 1 | 1 | 0 | $196,000 |
| 2001 | 2 | 2 | 0 | $319,000 |
| 2000 | 22 | 22 | 0 | $3 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in Loretto is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Loretto pay a median of $630, so moving in tends to cost more than staying put.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55357; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.