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Affordable
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These days, finding an affordable place to live in the Petersburg area can be challenging. Home prices in Petersburg are now at a median cost of $207,343, lower than the Illinois average of $300,242.
The average cost of rent is $876/mo in Petersburg, primarily driven by the current value of real estate in the Petersburg area. In Petersburg, 24.91% of households rent, and 38.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Petersburg is $6,614 per month. Households that rent pay about 13.24% of their income on rent here. Petersburg’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tice, IL: equally priced homes
- Athens, IL: equally priced homes
- Tallula, IL: less expensive homes
- Salisbury, IL: higher priced homes
- Greenview, IL: less expensive homes
- Sweet Water, IL: less expensive homes
- Oakford, IL: less expensive homes
- Richland, IL: less expensive homes
- Newmansville, IL: less expensive homes
- Cantrall, IL: higher priced homes
Cities with Similar Populations
- Hutchinson Island South, FL: higher priced homes
- Elmendorf Afb, AK: higher priced homes
- Euharlee, GA: higher priced homes
- Eutawville, SC: less expensive homes
- Evart, MI: less expensive homes
- Evendale, OH: higher priced homes
- Fabens, TX: less expensive homes
- Fairway, KS: higher priced homes
- Fall Branch, TN: higher priced homes
- Hebron, MD: higher priced homes
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