Loretto, TN housing market
The typical Loretto home is worth about $242,000, up 5% in a year, 28% below the Tennessee 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 2 sales 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
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| January | Loretto | Tennessee |
|---|---|---|
| 2017 | $113,000 | $174,000 |
| 2018 | $121,000 | $187,000 |
| 2019 | $129,000 | $198,000 |
| 2020 | $143,000 | $215,000 |
| 2021 | $164,000 | $238,000 |
| 2022 | $196,000 | $287,000 |
| 2023 | $211,000 | $313,000 |
| 2024 | $214,000 | $326,000 |
| 2025 | $222,000 | $334,000 |
| 2026 | $234,000 | $333,000 |
| August 2026 | $242,000 | $334,000 |
No new homes permitted in 2025
No permits for new homes were issued in Loretto in 2025. The last year with any was 2017 (5 new homes).
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| 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 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 5 | 5 | 0 | $838,000 |
Loretto's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.4 years of income
The typical Loretto home costs about 4.4 years of the town's median household income, less than across Tennessee (4.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Loretto is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Loretto pay a median of $737, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $700 · 4 bedrooms $1,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38469; Lawrence County, TN), 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.