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Loretto borough, PA

ZIP 15940 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 15940

Median Home Value
$236,400
Median Rent
$558
Affordability Snapshot
$65,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,519/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

35.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 15940 in Loretto borough, PA, a household would need roughly $65,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,519. That sits below the local median household income ($86,250), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.1%+33% vs US avg
x
Vacancy Rate
12.6%+22% vs US avg
x
Broadband Access
89.2%+3% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
3.9%-70% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.5%-77% vs US avg
x
Mortgage-Free
49.4%+29% vs US avg
x
$236,400
Home Value
$558
Rent
1978
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached80.7%
  • 1-unit attached0.1%
  • 2-9 units14.2%
  • 10+ units1.6%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$236,400
Median rent$558
Owner-occupied87.1%
Vacant12.6%
Price-to-income2.7x
Est. income to buy$65,000