Loretto, TN—38469
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Loretto, TN
As of Nov '25, the median home price in Loretto, TN is $228,000, with a year-over-year change of 5.9%. This indicates that home prices in Loretto, TN are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | 5.9% |
| Single Family | $228,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $255,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Loretto, TN
Loretto, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Loretto, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Loretto, TN is 126. This is a increase of 177.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | 1.0% |
Listing Count | 28 | 100.0% |
| Listings as % of Homes | 0.3% | 100.0% |
Days on Market | 126 | 177.0% |
Demographics — Loretto, TN
As of the latest ACS Survey released in 2023, Loretto, TN has a population of 4,610, which has increased by 11.7% over the past 5 years. Loretto, TN is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,610 | 11.7% |
% Under 18 | 25.6% | 20.2% |
% Seniors | 18.7% | -7.0% |
% WFH | 3.6% | 125.0% |
% w/ College Degree | 18.6% | 63.2% |
As of the latest ACS Survey released in 2023, Loretto, TN is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Loretto, TN is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.7% of the population in Loretto, TN, and this percentage has increased by 183.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.5% | -1.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.7% | 30.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | 183.3% |
Mortgage and Risk — Loretto, TN
According to HUD data as of 2023, there were 75 mortgage originations in Loretto, TN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Loretto, TN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 15.0% |
Rentals and Section 8 — Loretto, TN
Loretto, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$810 | $1,500 | $690 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,080 |
| 4 Bedroom | N/A | N/A | $1,190 |
Affordability — Loretto, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $228,000 |
| Median Household Income | $62,900 |