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Loretto, MN
Full City Profile · Minnesota · Hennepin County County
3.9
/5.0
B+
Good
805
Population
3,096/sq mi density
$110,833
Median Income
$57,931 per capita
$350,600
Home Value
$379,396 Zillow
$888
Median Rent
26.3% income on rent
45°F
Avg Temperature
258 sunny days/yr
19
Violent Crime/100K
1,942 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$110,833 median income, 1.0% unemployment
A+
Affordability
4.9 / 5.0
$350,600 home value, $888/mo rent
F
Safety
1.0 / 5.0
19 violent crimes/100K
A+
Education
4.8 / 5.0
47.6% bachelor's degree or higher
Housing Overview
Median Home Value
$350,600
24% above
US avg: $281,900
Median Rent
$888/mo
24% below
US avg: $1,163/mo
Homeownership Rate
82.7%
26% above US avg (65.4%)
Total Housing Units
289
Median year built: 1989
Home Value by Source
Census Median
$350,600
Zillow (ZHVI)
$379,396
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.7%
Owner-Occupied
17.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$888/mo
Affordability & Housing Stock
Rent Burden
26.3%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
82.7%
Complete Housing Data
Home Values
| Census Median Value | $350,600 |
| Zillow Home Value (ZHVI) | $379,396 |
Rent
| Census Median Rent | $888 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 82.7% |
| Renter-Occupied | 17.3% |
| Homeownership Rate | 82.7% |
| Total Housing Units | 289 |
| Median Year Built | 1989 |
| Rent Burden | 26.3% |