From January through December of 2018, there were six homes sold, with a median sale price of $34,897 - a 45.5% decrease over the $64,000 median sale price for the previous year. There were five homes sold in Loraine in 2017.
The median sales tax in Loraine for 2018 was $904. In 2017, the median sales tax was $873. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Loraine to other Adams County cities in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Liberty | 14 | 9 | 55.6% | $100,000 | $93,000 | 7.5% |
| Quincy | 793 | 875 | -9.4% | $98,500 | $96,000 | 2.6% |
| Camp Point | 18 | 27 | -33.3% | $96,000 | $74,800 | 28.3% |
| Payson | 9 | 20 | -55% | $90,400 | $84,000 | 7.6% |
| Golden | 14 | 13 | 7.7% | $87,250 | $60,000 | 45.4% |
| Ursa | 17 | 16 | 6.3% | $79,000 | $79,500 | -0.6% |
| Mendon | 26 | 23 | 13% | $76,500 | $63,000 | 21.4% |
| Clayton | 16 | 18 | -11.1% | $56,500 | $49,450 | 14.3% |
| Plainville | 2 | 3 | -33.3% | $47,750 | $71,000 | -32.7% |
| Loraine | 6 | 5 | 20% | $34,897 | $64,000 | -45.5% |
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