Compare cities · September 2026
Hanover vs. Loretto
Homes in Hanover sold for a median $459,950 over the 12 months through September 2026, 30% more than in Loretto ($352,500). Homes sold faster in Loretto: 50 days on market on average, against 55 in Hanover. Hanover's homes are newer, with a median year built of 2003 against 1992. Loretto is closer to downtown Minneapolis: about 32 minutes by car, against 44. The two are about 7 miles apart, roughly a 16-minute drive.
Housing market, 12 months through September 2026
| Measure | Hanover | Loretto |
|---|---|---|
| Median sale price | $459,950 | $352,500 |
| Change from a year earlier | +2.4% | −6.6% |
| Homes sold | 82 | 8 |
| Days on market | 55 | 50 |
| Share of original list price | 98.7% | 97.4% |
| Price per square foot | $220 | $224 |
| New listings | 249 | 16 |
| Homes for sale (September 2026) | 48 | 2 |
| Months of supply (September 2026) | 6.4 | 1.3 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Hanover | Loretto |
|---|---|---|
| Median home value (owner estimate) | $447,900 | $361,500 |
| Median year built | 2003 | 1992 |
| Single-family homesShare of all housing units, detached houses | 98% | 85% |
| Owner-occupied homes | 93% | 84% |
| Median rent | $1,853 | $630 |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Hanover | Loretto |
|---|---|---|
| Population (2024) | 4,229 | 610 |
| Land area | 5.5 sq mi | 0.3 sq mi |
| Drive to Downtown Minneapolis | 44 min | 32 min |
| Drive to Downtown Saint Paul | 55 min | 45 min |
| Drive to MSP Airport | 60 min | 46 min |
| Drive to Mall of America | 56 min | 43 min |
| Drive to University of Minnesota | 48 min | 37 min |
| Average commute to work | 30.7 min | 28.5 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 0 | 0 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Hanover
School districts: Buffalo-Hanover-Montrose Public Schools, St. Michael-Albertville School District
Loretto
School districts: Delano Public School District
How we compare places: by their homes, housing market and location only, from public sources, never by who lives there. Medians describe the middle home; both places have homes well above and below them.
Quick answers
Hanover or Loretto?
Is Hanover or Loretto more expensive?
Hanover. The median sale price was $459,950 there and $352,500 in Loretto over the 12 months through September 2026, according to the Minneapolis Area REALTORS® Local Market Update. The median is the middle sale, so both have homes well above and below it.
Where do homes sell faster, Hanover or Loretto?
Loretto: 50 days on market on average against 55, over the 12 months through September 2026.
Which is closer to downtown Minneapolis?
Loretto, about 32 minutes by car in light traffic (44 from Hanover). To downtown Saint Paul: 55 minutes from Hanover, 45 from Loretto.
How far apart are Hanover and Loretto?
About 7 miles in a straight line between their centers, or roughly 16 minutes by car.
Which school districts serve Hanover and Loretto?
Hanover: Buffalo-Hanover-Montrose Public Schools and St. Michael-Albertville School District. Loretto: Delano Public School District. School district lines don't follow city lines, so check the district for a specific address before you buy.
Should I buy in Hanover or Loretto?
It depends on your budget, the kind of home you want and where you need to get to each day. This page compares the homes, prices and locations; a Huerkamp Home Group agent can show you homes in both and walk you through what's selling now.
Keep comparing
More comparisons
Deciding between them?
See homes in Hanover and Loretto.
A Huerkamp Home Group agent can show you homes in both, tell you what's selling and for how much right now, and help you decide. There's no cost to buyers.