The housing market in Petersburg, MN is doing well. The median value of houses in the city is $175,300, which is significantly lower than the US house median value of $338,100. House appreciation in Petersburg has been strong over the last year at 9.54%, higher than the US average of 8.27%. This indicates that prices are going up and it may be a good time to invest in real estate in Petersburg.
The median home cost in Petersburg is $175,300. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Petersburg is up 14.7%.
Average Age of Homes
- The median age of Petersburg real estate is 69 years old
The Rental Market in Petersburg
- Renters make up 7.9% of the Petersburg population
- 0.0% of houses and apartments in Petersburg, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.