Market Overview
Home Prices in Loretto, TN
The median home value in Loretto, TN is $249,581 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Loretto are priced39% below average. Loretto is part of the Lawrenceburg, TN metro area.
Over the past five years, Loretto home values have risen by approximately36.6%, reflecting strong long-term appreciation in this market.
Price History
Loretto Home Price Trend
City Comparison
Loretto vs. National Median
At $249,581, homes in Loretto cost 39% below the national median of $410,000. This makes Loretto a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Loretto?
20% Down Payment
$49,916
on $249,581
Monthly P&I
$1,302/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,654/mo
incl. taxes & insurance
Income Needed
$66,160
gross annual (30% rule)
10% Down Option
$24,958
+ PMI applies
Loan Amount (20% dn)
$199,665
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Loretto, TN?
The median home value in Loretto is $249,581 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Loretto?
Over the past year, home values in Loretto have increased by 5.4%. Over five years, prices have risen approximately 36.6%.
How much do I need to earn to buy a home in Loretto?
To comfortably afford the median home price of $249,581 with a 20% down payment ($49,916) at today's rates (6.8%), you'd need a gross annual income of approximately $66,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Loretto compare to the national average home price?
The national median home value is approximately $410,000. At $249,581, homes in Loretto are 39% below the national average.
What metro area is Loretto part of?
Loretto is part of the Lawrenceburg, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.