Loretto, KY Foreclosures
How much do homes sell for in Loretto, KY?
The average home price is currently $221,888.
What’s the average rental cost in Loretto, KY?
The average rental price in Loretto is $1,102.
What is the most expensive home in Loretto?
The most expensive home sold in Loretto had a price of $1,372,960.
What is currently the cheapest priced home in Loretto, KY?
The cheapest home for sale in Loretto is priced at $14,520.
Living in Loretto, KY
Loretto, KY is a charming small town known for its rich history and community spirit. Located in Marion County, it features local shops, restaurants, and attractions such as Maker's Mark Distillery. The area offers outdoor activities and a family-friendly atmosphere.
Current Market Conditions in Loretto, KY
The real estate market in Loretto, KY is currently showing moderate activity, with a mix of buyers and sellers. Properties tend to sell fairly quickly in this region, reflecting the town's desirability and unique charm. As more people seek to escape urban environments, Loretto has seen a steady influx of new residents. In this year alone, home prices have exhibited a reasonable appreciation, particularly for historic homes and those near local amenities.
To illustrate the changing landscape, the market for residential properties in Loretto has become more competitive. The number of homes available on the market has fluctuated, largely influenced by low interest rates and increased demand from remote workers. Homes tend to receive multiple offers, especially those that are well-maintained and within good school districts. As a result, sellers are generally in a stronger position this year.
Home Value Estimator For Loretto, KY
There are currently 1,039 real estate properties
in Loretto, KY,
with a median automated valuation model (AVM) price
of $202,378.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Loretto, KY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Loretto, KY,
is $221,888.00, with the most expensive house
in Loretto, KY, topping out
at $1,372,960.00 and the cheapest home
in Loretto, KY,
clocking in at $14,520.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Loretto, KY!
Rent Prices
In Loretto, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Loretto, KY, is on
a rollercoaster ride. The
average rent price in Loretto, KY,
is $1,102.00. Indeed, when looking to rent in
Loretto, KY, you can expect to pay as little
as $580.00 or as much
as $2,480.00,
with the average rent median estimated to
be $1,080.00. The good news is that finding
an affordable and desirable property to rent in Loretto, KY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
