Petersburg, IN—47567
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Petersburg, IN
As of Nov '25, the median home price in Petersburg, IN is $160,000, with a year-over-year change of 3.2%. This indicates that home prices in Petersburg, IN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 3.2% |
| Single Family | $160,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $117,000 | 2.6% |
3 Bed | $191,000 | 6.1% |
4 Bed | $239,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Petersburg, IN
As of July '25, Rentcast reports the average rent in Petersburg, IN is $1,050, with a year-over-year rent change of 31.2%. Per bedroom, the median rent as of July '25 in Petersburg, IN is 2-bedrooms: $1,050. The most common rental property sizes in Petersburg, IN are 1-bedroom and 2-bedroom, accounting for 36.5% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $1,050 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Petersburg, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in Petersburg, IN is 43. This is a decrease of -24.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | 2.0% |
Listing Count | 10 | -20.0% |
| Listings as % of Homes | 0.4% | -20.0% |
Days on Market | 43 | -24.0% |
Demographics — Petersburg, IN
As of the latest ACS Survey released in 2023, Petersburg, IN has a population of 6,190, which has increased by 1.1% over the past 5 years. Petersburg, IN is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,190 | 1.1% |
% Under 18 | 24.4% | 17.3% |
% Seniors | 20.0% | -3.8% |
% WFH | 4.2% | 110.0% |
% w/ College Degree | 17.0% | 18.1% |
As of the latest ACS Survey released in 2023, Petersburg, IN is a predominantly white area, with 95.7% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Petersburg, IN is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.5% of the population in Petersburg, IN, and this percentage has increased by Inf% 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 | 95.7% | -1.1% |
% Black | 0.3% | -76.9% |
% Hispanic | 0.5% | -37.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | ∞% |
Mortgage and Risk — Petersburg, IN
According to HUD data as of 2023, there were 123 mortgage originations in Petersburg, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Petersburg, IN. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Petersburg, IN
Petersburg, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | N/A | N/A | $1,260 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Petersburg, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $160,000 |
| Median Household Income | $64,900 |