The housing market in Petersburg, MI is doing particularly well. The median value for a house is currently $234,700, which is much lower than the US House median value of $338,100. It has also appreciated considerably over the past year at 9.09%, compared to 8.27% in the US as a whole. This suggests that there is good investment potential in the area and that it should continue to be a strong real estate market in the coming months and years.
The median home cost in Petersburg is $234,700. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Petersburg is up 16.2%.
Average Age of Homes
- The median age of Petersburg real estate is 63 years old
The Rental Market in Petersburg
- Renters make up 29.4% 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.