As a city of just 750 people, Loretto, MN, is barely on the map. However, a tight knit community certainly has its benefits. With a total area of roughly 0.3 miles, Loretto is small in stature while having above-average median household income as well as high property value.
Loretto, MN, originally drew immigrants from German and Dutch backgrounds due to its presence on the Soo Line. Founded in 1886, the city was named after a small town in Italy known as a Catholic place of pilgrimage.
By the turn of the twentieth century, the city featured a dairy, a saloon, a blacksmith shop, a general store and more. The city was ultimately incorporated in 1940.
The value of a property is derived from the appeal of its location. Loretto's most valuable properties appear to be its large homes with sprawling, wooded lots.
The median property value in Loretto was last recorded to be nearly $250000.
While Loretto itself has no school within the city limits, it has an elementary school, a middle school and a high school in nearby Delano that have served the district for years.
According to Niche.com, Delano Senior High was ranked 71 out of 377 for best college prep public high schools in Minnesota. It was also ranked 85 out of 431 for best public high schools in the state.
The city may be small, but its skies are wide open. Many come to the city to enjoy a taste of nature in its fishing, its swimming and more. There is plenty of peace and comfort to be found in Loretto.
Additionally, a remarkable athletic field, Arnold Klaers Baseball Complex, attracts softball and baseball players from throughout the state.
The safety and size of Loretto has many calling it one of the best places to live in the entire state. TAG Group's expertise lies in the Twin Cities, and we find ourselves dealing in homes throughout the surrounding area as the metro continues to evolve. We work to provide our clients with the best representation and the best insight when it comes to achieving the best deal. If you are considering moving to the city of Loretto, we are available to consult with you one-on-one, free of charge.