Petersburg, TN—37144
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Petersburg, TN
Petersburg, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | 2.8% |
| Single Family | $294,000 | 3.5% |
| 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 | $282,000 | 4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Petersburg, TN
Petersburg, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Petersburg, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Petersburg, TN is 60. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $424,000 | -30.0% |
Listing Count | 20 | 49.0% |
| Listings as % of Homes | 0.6% | 49.0% |
Days on Market | 60 | -4.0% |
Demographics — Petersburg, TN
As of the latest ACS Survey released in 2023, Petersburg, TN has a population of 2,940, which has decreased by -7.9% over the past 5 years. Petersburg, TN is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,940 | -7.9% |
% Under 18 | 17.6% | -27.9% |
% Seniors | 20.6% | 40.1% |
% WFH | 10.0% | 203.0% |
% w/ College Degree | 17.4% | 30.8% |
As of the latest ACS Survey released in 2023, Petersburg, TN is a predominantly white area, with 85.9% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Petersburg, TN is hispanic, making up 6.7% of the population. Foreign-born residents account for 4.0% of the population in Petersburg, TN, and this percentage has increased by 566.7% 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 | 85.9% | -10.3% |
% Black | 1.8% | -37.9% |
% Hispanic | 6.7% | ∞% |
% Asian | 0.4% | ∞% |
% Foreign Born | 4.0% | 566.7% |
Mortgage and Risk — Petersburg, TN
According to HUD data as of 2023, there were 50 mortgage originations in Petersburg, TN, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Petersburg, TN. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Petersburg, TN
Petersburg, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
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 | $920 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Petersburg, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $294,000 |
| Median Household Income | $66,000 |