Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Peterson area can be challenging. Home prices in Peterson are now at a median cost of $162,324, lower than the Iowa average of $226,062.
The average cost of rent is $924/mo in Peterson, primarily driven by the current value of real estate in the Peterson area. In Peterson, 11.16% of households rent, and 62.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peterson is $6,463 per month. Households that rent pay about 14.29% of their income on rent here. Peterson’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linn Grove, IA: less expensive homes
- Sutherland, IA: less expensive homes
- Royal, IA: less expensive homes
- Rossie, IA: less expensive homes
- Sioux Rapids, IA: less expensive homes
- Calumet, IA: equally priced homes
- Larrabee, IA: higher priced homes
- Rembrandt, IA: less expensive homes
- Greenville, IA: less expensive homes
- Moneta, IA: higher priced homes
Cities with Similar Populations
- Stratford, NY: equally priced homes
- Gandeeville, WV: less expensive homes
- South Byron, WI: higher priced homes
- South Hanlon, TX: equally priced homes
- St. Johns, ID: higher priced homes
- State Line, ID: higher priced homes
- Staunton, OH: higher priced homes
- Steedman, MO: less expensive homes
- Stinson, MO: higher priced homes
- Stony Lake, MI: higher priced homes
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