Petersburg, IL—62675
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Petersburg, IL
Home Price Trends — Petersburg, IL
As of Oct '25, the median home price in Petersburg, IL is $217,000, with a year-over-year change of 5.5%. This indicates that home prices in Petersburg, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 5.5% |
| Single Family | $216,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Petersburg, IL
As of July '25, Rentcast reports the average rent in Petersburg, IL is $1,650, with a year-over-year rent change of 131.7%. Per bedroom, the median rent as of July '25 in Petersburg, IL is 4-bedrooms: $1,650. The most common rental property sizes in Petersburg, IL are 2-bedroom and 1-bedroom, accounting for 45.4% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,650 | $1,650 |
% of Rental Stock
Property Listings — Petersburg, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Petersburg, IL is 41. This is a increase of 49.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | 26.0% |
Listing Count | 20 | 60.0% |
| Listings as % of Homes | 0.5% | 60.0% |
Days on Market | 41 | 49.0% |
Demographics — Petersburg, IL
As of the latest ACS Survey released in 2023, Petersburg, IL has a population of 5,980, which has increased by 1.9% over the past 5 years. Petersburg, IL is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,980 | 1.9% |
% Under 18 | 20.0% | 14.9% |
% Seniors | 23.9% | 8.6% |
% WFH | 8.9% | 81.6% |
% w/ College Degree | 28.8% | 22.6% |
As of the latest ACS Survey released in 2023, Petersburg, IL is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Petersburg, IL is hispanic, making up 1.0% of the population. Foreign-born residents account for 1.4% of the population in Petersburg, IL, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | -1.3% |
% Black | 0.2% | -71.4% |
% Hispanic | 1.0% | -16.7% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 1.4% | 16.7% |
Mortgage and Risk — Petersburg, IL
According to HUD data as of 2023, there were 109 mortgage originations in Petersburg, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Petersburg, IL. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Petersburg, IL
Petersburg, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 200 |
Total Units Section 8 | 200 |
% Rentals under Section 8 | 40.9% |
% Occupied Section 8 | 67.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | -$250 | $1,650 | $1,400 |
Affordability — Petersburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $217,000 |
| Median Household Income | $78,300 |