Petersburg, MI—49270
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Petersburg, MI
As of Oct '25, the median home price in Petersburg, MI is $299,000, with a year-over-year change of 4.0%. This indicates that home prices in Petersburg, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 4.0% |
| Single Family | $300,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 4.6% |
3 Bed | $294,000 | 5.0% |
4 Bed | $390,000 | 5.4% |
| 5 Bed | $396,000 | 4.8% |
% of Housing Stock
Rental Trends — Petersburg, MI
Petersburg, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $875 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $875 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Petersburg, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Petersburg, MI is 45. This is a increase of 57.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $388,000 | 7.0% |
Listing Count | 23 | 77.0% |
| Listings as % of Homes | 0.3% | 77.0% |
Days on Market | 45 | 57.0% |
Demographics — Petersburg, MI
As of the latest ACS Survey released in 2023, Petersburg, MI has a population of 5,730, which has decreased by -3.1% over the past 5 years. Petersburg, MI is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,730 | -3.1% |
% Under 18 | 20.2% | -7.3% |
% Seniors | 21.5% | 52.5% |
% WFH | 12.5% | 400.0% |
% w/ College Degree | 28.4% | 72.1% |
As of the latest ACS Survey released in 2023, Petersburg, MI is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Petersburg, MI is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.8% of the population in Petersburg, MI, and this percentage has decreased by 75.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.9% | 0.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | -53.3% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 0.8% | -75.8% |
Mortgage and Risk — Petersburg, MI
According to HUD data as of 2023, there were 96 mortgage originations in Petersburg, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Petersburg, MI. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Petersburg, MI
Petersburg, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | $385 | $875 | $1,260 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | N/A | N/A | $2,000 |
Affordability — Petersburg, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $299,000 |
| Median Household Income | $89,400 |