The median home value in Loraine, IL is $97,500. This is lower than the county median home value of $145,600. The national median home value is $338,100. The average price of homes sold in Loraine, IL is $97,500. Approximately 77.05% of Loraine homes are owned, compared to 12.57% rented, while 10.38% are vacant. Loraine real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Loraine real estate agent to arrange a tour today!
Loraine, Illinois has a population of 373. Loraine is less family-centric than the surrounding county with 16.67% of the households containing married families with children. The county average for households married with children is 27.52%.
The median household income in Loraine, Illinois is $51,397. The median household income for the surrounding county is $58,587 compared to the national median of $69,021. The median age of people living in Loraine is 55.4 years.
The average high temperature in July is 86.8 degrees, with an average low temperature in January of 16.4 degrees. The average rainfall is approximately 39.6 inches per year, with 17.8 inches of snow per year.