Loretto

Population: 805
Median household income: $110,833
Median home value: $350,600

Located in Hennepin County, Minnesota, Loretto is a community with a population of 805. Its median household income of $110,833 runs above the Hennepin County figure of $96,339.

Between 2019 and 2023, Loretto's population grew 5.6% from 762 to 805, while its median home value rose 34.6% from $260,400 to $350,600.

8.7% of residents live below the poverty line. Households average 2.83 people.

Demographics

ACS 2019–2023

Population: 805
Median age: 35.6 yrs
Median household income: $110,833
Median home value: $350,600
Median gross rent: $888
Housing units: 290
Homeownership rate: 82.7%
Bachelor's degree or higher: 47.6%
Unemployment rate: 1.4%

Trends

ACS 5-year · 2019–2023

Population

762805

Median household income

$77,250$110,833

Median home value

$260,400$350,600

Median gross rent

$645$888

Year	Population	Median household income	Median home value	Median gross rent
2019	762	$77,250	$260,400	$645
2020	737	$73,942	$267,600	$683
2021	727	$92,813	$280,100	$675
2022	751	$85,625	$316,700	$747
2023	805	$110,833	$350,600	$888

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.6%

5 to 1722.7%

18 to 245.5%

25 to 3412.2%

35 to 4411.1%

45 to 5413.2%

55 to 6415.5%

65 to 748.2%

75 and over4.1%

	Count	Share
Under 5	61	7.6%
5 to 17	183	22.7%
18 to 24	44	5.5%
25 to 34	98	12.2%
35 to 44	89	11.1%
45 to 54	106	13.2%
55 to 64	125	15.5%
65 to 74	66	8.2%
75 and over	33	4.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	751	93.3%
Black or African American	40	5.0%
American Indian & Alaska Native	0	0.0%
Asian	1	0.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	2	0.2%
Two or more races	0	0.0%
Hispanic or Latino (any race)	11	1.4%

Educational attainment (age 25+)

No high school diploma4.4%

High school graduate12.6%

Some college or associate's35.4%

Bachelor's degree36.8%

Graduate or professional degree10.8%

	Count	Share
No high school diploma	23	4.4%
High school graduate	65	12.6%
Some college or associate's	183	35.4%
Bachelor's degree	190	36.8%
Graduate or professional degree	56	10.8%

Commute to work

Mean travel time to work: 30 min

Drove alone76.5%

Carpooled3.3%

Public transit0.7%

Walked2.4%

Bicycle0.0%

Worked from home17.2%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	325	76.5%
Carpooled	14	3.3%
Public transit	3	0.7%
Walked	10	2.4%
Bicycle	0	0.0%
Worked from home	73	17.2%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	64	18.2%
15 to 29 min	122	34.7%
30 to 44 min	109	31.0%
45 to 59 min	34	9.7%
60+ min	23	6.5%

Households

Average household size: 2.83
Poverty rate: 8.7% (70 of 801)

	Count	Share
Family households	205	72.2%
Nonfamily households	79	27.8%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	284	97.9%
Vacant	6	2.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	235	82.7%
Renter-occupied	49	17.3%

1-unit, detached74.1%

1-unit, attached10.7%

2 to 4 units7.9%

5 to 19 units3.1%

20 or more units4.1%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	215	74.1%
1-unit, attached	31	10.7%
2 to 4 units	23	7.9%
5 to 19 units	9	3.1%
20 or more units	12	4.1%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2738222
Type (LSAD): 25
Land area: 0.26 sq mi
Water area: 0 sq mi
Center point: 45.0548, -93.6353