From January through December of 2017, there were five homes sold, with a median sale price of $64,000 - a 43.3% increase over the $44,650 median sale price for the previous year. There were six homes sold in Loraine in 2016.
The median sales tax in Loraine for 2017 was $873. In 2016, the median sales tax was $1,048. This marks an decrease of 16.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.
The following table compares Loraine to other Adams County cities in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Quincy | 875 | 849 | 3.1% | $96,000 | $95,000 | 1.1% |
| Liberty | 9 | 13 | -30.8% | $93,000 | $70,000 | 32.9% |
| Payson | 20 | 25 | -20% | $84,000 | $65,500 | 28.2% |
| Ursa | 16 | 14 | 14.3% | $79,500 | $135,500 | -41.3% |
| Camp Point | 27 | 30 | -10% | $74,800 | $92,500 | -19.1% |
| Plainville | 3 | 6 | -50% | $71,000 | $66,150 | 7.3% |
| Loraine | 5 | 6 | -16.7% | $64,000 | $44,650 | 43.3% |
| Mendon | 23 | 26 | -11.5% | $63,000 | $65,226 | -3.4% |
| Golden | 13 | 17 | -23.5% | $60,000 | $55,000 | 9.1% |
| Clayton | 18 | 15 | 20% | $49,450 | $48,000 | 3% |
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