Expensive
Affordable
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 $173,528, lower than the Minnesota average of $345,793.
The average cost of rent is $857/mo in Petersburg, primarily driven by the current value of real estate in the Petersburg area. In Petersburg, 16.94% of households rent, and 51.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Petersburg is $7,645 per month. Households that rent pay about 11.21% of their income on rent here. Petersburg’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jackson, MN: less expensive homes
- Alpha, MN: equally priced homes
- Superior, IA: higher priced homes
- Dunnell, MN: less expensive homes
- Huntington, IA: equally priced homes
- Orleans, IA: higher priced homes
- Estherville, IA: less expensive homes
- Spirit Lake, IA: higher priced homes
- Sherburn, MN: equally priced homes
- Triboji Beach, IA: higher priced homes
Cities with Similar Populations
- Hillsboro, MD: higher priced homes
- Woodbine, KS: higher priced homes
- Honey Creek, IL: higher priced homes
- Hondo, NM: higher priced homes
- Holstein, NE: higher priced homes
- Holly Springs, TN: less expensive homes
- Wooddale, WI: higher priced homes
- Woodford, VT: higher priced homes
- Woodworth, IL: less expensive homes
- Hog Mountain, GA: higher priced homes
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