House Prices

House Prices & Home Values Loretto, MI 2026


Average Data

average house price$114,900
average size per house1120 ft²
average price per ft²103 $ / ft²

04/18/2026 - The value range (VR) for house prices in Loretto, MI is $103/ sqft to $103/ sqft. An average home with 1120 sqft costs approximately $115,360 to $115,360. Loretto, MI includes 1 ZIP codes and it is located in Dickinson county. The lowest prices are found in ZIP 49852, while the highest are in ZIP 49852. The average price per sqare feet is $103. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Loretto

49852104 $ / ft²




Historical development of home values in Loretto

Year Estimated value (USD) Change vs. 2025
2010 $53,362 -53.6%
2011 $51,298 -55.4%
2012 $51,160 -55.5%
2013 $53,072 -53.8%
2014 $55,711 -51.5%
2015 $58,571 -49.0%
2016 $61,627 -46.4%
2017 $64,953 -43.5%
2018 $68,544 -40.3%
2019 $71,723 -37.6%
2020 $75,430 -34.4%
2021 $85,794 -25.3%
2022 $100,016 -13.0%
2023 $105,472 -8.2%
2024 $111,574 -2.9%
2025 $114,900 0.0%

Graph: estimated home values in Loretto over time (USD)



Example: 100% financing house in Loretto

Loan amount: $114,900

Interest rate: 6.00%

Fixed monthly payment: $688.88

Breakdown in the 1st month:
Interest portion: $574.50  –  Principal portion: $114.38

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,855.62 $1,410.99 $113,489.01
2 $6,768.59 $1,498.01 $111,991.00
3 $6,676.20 $1,590.41 $110,400.60
4 $6,578.10 $1,688.50 $108,712.10
5 $6,473.96 $1,792.64 $106,919.46
6 $6,363.39 $1,903.21 $105,016.25
7 $6,246.01 $2,020.59 $102,995.65
8 $6,121.38 $2,145.22 $100,850.43
9 $5,989.07 $2,277.53 $98,572.90
10 $5,848.60 $2,418.01 $96,154.90
11 $5,699.46 $2,567.14 $93,587.76
12 $5,541.12 $2,725.48 $90,862.28
13 $5,373.02 $2,893.58 $87,968.70
14 $5,194.55 $3,072.05 $84,896.65
15 $5,005.08 $3,261.53 $81,635.12
16 $4,803.91 $3,462.69 $78,172.43
17 $4,590.34 $3,676.26 $74,496.17
18 $4,363.60 $3,903.01 $70,593.17
19 $4,122.87 $4,143.73 $66,449.43
20 $3,867.29 $4,399.31 $62,050.12
21 $3,595.95 $4,670.65 $57,379.47
22 $3,307.88 $4,958.73 $52,420.74
23 $3,002.03 $5,264.57 $47,156.18
24 $2,677.33 $5,589.28 $41,566.90
25 $2,332.59 $5,934.01 $35,632.89
26 $1,966.60 $6,300.01 $29,332.88
27 $1,578.02 $6,688.58 $22,644.30
28 $1,165.49 $7,101.12 $15,543.19
29 $727.51 $7,539.10 $8,004.09
30 $262.51 $8,004.09 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Loretto, MI


1500 sqft3900 sqft
Ø selling price$186,946$397,684
Ø fast selling$169,950$357,915
Ø high price sale$203,941$437,452

In 2026, houses in Loretto, MI will be offered at an average price of $103 per square foot. A 1,500 sqft home priced at $186,946 is 23.09% more expensive per square foot than a 3,900 sqft home priced at $397,684. Home prices in Loretto, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $275,319. Sellers who can wait longer may achieve a higher price of up to $336,501.


Explore Loretto, MI

Loretto, MI is a small rural community in Dickinson County in Michigan?s Upper Peninsula.

Travelers choose Loretto Michigan for its peaceful Northwoods setting near the Norway and Iron Mountain area.

Location & History

Located just off the US-2 corridor, Loretto provides easy access to the Menominee River and countless forest roads.

The community traces its roots to the iron mining and railroad era that shaped much of Dickinson County.

Things to Do Outdoors

Outdoor enthusiasts visit Loretto, MI for fishing, kayaking, hiking, hunting, and scenic fall color drives.

In winter, the region around Loretto offers snowmobiling, cross-country skiing, and fat-tire biking on groomed trails.

Community & Amenities

While amenities are limited in this quiet enclave, nearby Norway and Iron Mountain supply restaurants, shops, and services.

Families appreciate the friendly small-town vibe and the abundance of parks, lakes, and public land.

Travel Tips & Real Estate

Lodging options range from rustic cabins and vacation rentals to hotels in the larger neighboring towns, making trip planning simple.

Whether you are researching real estate or planning a weekend getaway, Loretto Michigan delivers authentic Upper Peninsula charm and access to year-round recreation.



FAQ – Home Values in Loretto

What is the median home value in Loretto in 2026?

In 2026, the typical home value in Loretto is about $114,900 for an average home size of 1120 square feet. This corresponds to an average price of roughly $103 per square foot.

What is the average cost per square foot in Loretto?

In 2026, homes in Loretto sell for an average of around $103 per square foot, with a typical range between $103 and $103 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Loretto is about 1120 square feet, with an estimated 2026 value around $114,900.



Locations close to Loretto, MI

Mc Millan, MI180 $ / ft²
Manistique, MI57 $ / ft²
Marquette, MI204 $ / ft²
Ishpeming, MI91 $ / ft²
Ingalls, MI161 $ / ft²
Hermansville, MI329 $ / ft²
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