Home Price Key
Affordable
Average
Expensive
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 $202,207, higher than the Michigan average of $196,062.
The average cost of rent is $865/mo in Petersburg, primarily driven by the current value of real estate in the Petersburg area. While nearly 38.16% of residents own their homes outright in Petersburg, 8.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Petersburg is $6,578 per month. Households that rent pay about 13.14% of their income on rent here. Petersburg's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Lulu, MI: higher priced homes
- Deerfield, MI: less expensive homes
- Ida, MI: equally priced homes
- Dundee, MI: equally priced homes
- Samaria, MI: equally priced homes
- Ottawa Lake, MI: equally priced homes
- Whiteford Center, MI: equally priced homes
- Riga, MI: less expensive homes
- Lambertville, MI: equally priced homes
- Azalia, MI: higher priced homes
Cities with Similar Populations
- Elk, WA: higher priced homes
- East Walpole, MA: higher priced homes
- East Wareham, MA: higher priced homes
- East Windsor, CT: less expensive homes
- Whittier, NC: equally priced homes
- Eastover, SC: less expensive homes
- Whiteville, TN: less expensive homes
- Eden, UT: higher priced homes
- Whites Creek, TN: higher priced homes
- Edgewood, OH: less expensive homes
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