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MI area data

Loretto, MI

Loretto, MI.

Population: 178 (Census ACS)

Homes sell for a median $172,000 after a median 127 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with coldwave, hail, lightning the top-rated hazards. Cost of living is 3.8% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

127

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

House Price Index (state)
387.5 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$172,000
Median price per sqft
$154
Median days on market
127 days
Homes sold (recent period)
1
Sale-to-list ratio
101.2%

Source: recent area sales and market data (ZIP-level)

Affordability

Cost of living index (Average)
96.2 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
coldWave, hail, lightning
Notable hazard ratings (county)
coldWave: Relatively High · hail: Relatively Moderate · inlandFlooding: Relatively Low · lightning: Relatively Moderate · strongWind: Relatively Low · winterWeather: Relatively Low
Wildfire risk to homes (county)
Higher than 45% of US counties
Buildings in wildfire direct-exposure zone
49.0%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
31.7 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
7
Nearest airport
Maverick Field (15 mi)
Nearest major airport
Ford Airport (IMT) (16 mi)
Hospitals nearby (~15 mi)
3
Hospitals include
DICKINSON COUNTY MEMORIAL HOSPITAL, IRON MOUNTAIN MI VA MEDICAL CENTER, OSF ST FRANCIS HOSPITAL AND MEDICAL GROUP
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.7 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Housing stock

Median year housing built
1,938
Housing built before 1970
70.8%
Housing built 2000 or later
2.2%
Median annual property tax
$1,307
Households with broadband internet
95.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
11,476
Average weekly wage
$1,059
Top industries (by employment)
Construction, Accommodation & Food, Health Care
Annual residential building permits (county)
42

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

LorettoState medianUS median
Median sale price$172,000$265,000$325,000
Median days on market127 days36 days51 days
Median annual property tax$1,307$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median sale price in Loretto, MI?
$172,000.
How long do homes take to sell in Loretto, MI?
Median days on market: 127 days.
What is the natural-hazard risk in Loretto, MI?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: coldWave, hail, lightning.
What is the wildfire risk in Loretto, MI?
Risk to homes is higher than 45% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Loretto, MI?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Loretto, MI?
No current or proposed National Priorities List sites within 5 miles (EPA).
What is the cost of living in Loretto, MI?
Regional Price Parity: 96.2 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP code for Loretto

Selling a home in Loretto, MI?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents