Loretto, TN Real Estate
According to census data in the year 2000 there were 718 housing units in Loretto.
This represents a 15.8% growth from 620 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 718 were located in what is classified as a rural area.
Homeownership rate in Loretto is about 79.3%.
Loretto's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Loretto were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 2.60% |
| Two Bedrooms | 25.20% |
| Three Bedrooms | 55.40% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $66,500 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $294 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 0.90% |
| Simple Mortgage | 33.50% |
| Debt Free | 59.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.1% |
