HomeMinnesotaHennepin CountyLoretto city
Loretto city, Minnesota: commercial real estate data.
Loretto city is a Census city of 784 people across 0.26 square miles of land, in Hennepin County. Median household income is $114,167, 83.8 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $3.5 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Loretto
What Loretto is
- Census place typecity
- Land area0.26 sq mi
- Water area0 sq mi
- Population per square mile of land3,037 plus or minus 829
- County holding the largest share of its areaHennepin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Loretto
How many people live in Loretto
- Population784 plus or minus 214
- Median age37.0
- Population under 18223 plus or minus 65
- Share under 1828.4 percent
- Population 65 and over113 plus or minus 33
- Share 65 and over14.4 percent
- Households290 plus or minus 62
- Family households208 plus or minus 52
- Share of households that are families71.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Loretto
Income and work in Loretto
- Median household income$114,167 plus or minus $27,460
- Per capita income$61,954 plus or minus $14,827
- Civilian labor force442 plus or minus 147
- Employed436 plus or minus 146
- Unemployed6 plus or minus 6
- Unemployment rate1.4 percent plus or minus 1.3
- Adults 25 and over522 plus or minus 145
- Adults 25 and over with a high school diploma or higher94.6 percent plus or minus 34.6
- Adults 25 and over with a bachelor degree or higher45.4 percent plus or minus 14.1
- Adults 25 and over with a graduate degree10.9 percent plus or minus 7.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Loretto
Housing in Loretto
- Housing units303 plus or minus 64
- Occupied units290 plus or minus 62
- Vacant units13 plus or minus 16
- Vacancy rate4.3 percent plus or minus 5.2
- Owner occupied243 plus or minus 57
- Renter occupied47 plus or minus 21
- Ownership rate83.8 percent
- Median owner-occupied home value$361,500
- Median gross rent, monthly$630 plus or minus $162
- Annual rent as a share of median income6.6 percent plus or minus 2.3
- Single family units257 plus or minus 57
- Share single family84.8 percent
- Units in buildings of two or more46 plus or minus 25
- Share in buildings of two or more15.2 percent plus or minus 7.7
- Mobile homes0
- Median year structure built1992
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Loretto
How Loretto gets to work
- Workers 16 and over who commute349 plus or minus 121
- Commuting under 15 minutes84 plus or minus 38
- Share commuting under 15 minutes24.1 percent plus or minus 7.1
- Commuting 30 minutes or more156 plus or minus 60
- Share commuting 30 minutes or more44.7 percent
- Drove alone71.8 percent
- Carpooled5.8 percent plus or minus 4.2
- Public transport0.5 percent plus or minus 1.1
- Walked2.8 percent plus or minus 3.1
- Worked from home19.2 percent plus or minus 6.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Loretto
SBA loans in Loretto (7(a))
- Approvals5
- Gross approval$3,481,500
- Average approval$696,300
- Median approval$202,500
- Ninetieth percentile approval$2,619,000
- Largest approval$2,619,000
- Jobs supported190
- Jobs per approval38.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more20.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Loretto
SBA loans in Loretto (504)
- Approvals1
- Gross approval$444,000
- Average approval$444,000
- Median approval$444,000
- Largest approval$444,000
- Jobs supported7
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hennepin County, not Loretto
Hennepin County context, not Loretto figures
These are Hennepin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Loretto measurements.
- Establishments in Hennepin County40,486
- Employment at those establishments, Hennepin County939,201
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Average weekly wage, Hennepin County$1,734
- Housing units permitted, Hennepin County3,919
- Of those, single family, Hennepin County2,054
- County product, 2024, Hennepin County$193,617,316,000
- County product change over the prior year, Hennepin County5.1 percent
- Average income of an arriving household, Hennepin County$77,501
Every figure in this section is published for Hennepin County as a whole and is not a measurement of Loretto. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Loretto questions, answered from the record.
How many people live in Loretto, Minnesota?
784, in 290 households. Loretto city covers 0.26 square miles of land, which is 3,037 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Loretto in?
Hennepin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Loretto?
$114,167. The median owner-occupied home is valued at $361,500. Median gross rent is $630 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Loretto businesses?
5 7(a) approvals totalling $3.5 m, across 4 lenders, median approval $202,500, plus 1 504 approvals worth $444,000. These count approvals to borrowers whose address is in Loretto, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Loretto borrowers get paid back?
No rate is published for Loretto. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Loretto figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hennepin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Loretto.
Is zoning published for Loretto?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.