Petersburg, IL—62688
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 $143,000, with a year-over-year change of 1.5%. This indicates that home prices in Petersburg, IL are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | 1.5% |
| Single Family | $143,000 | 0.0% |
| 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
Petersburg, IL 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, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Petersburg, IL is 14. This is a increase of 276.0% 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 | $400,000 | 28.0% |
Listing Count | 2 | -50.0% |
| Listings as % of Homes | N/A | -50.0% |
Days on Market | 14 | 276.0% |
Demographics — Petersburg, IL
As of the latest ACS Survey released in 2023, Petersburg, IL has a population of 783, which has increased by 30.1% over the past 5 years. Petersburg, IL is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 783 | 30.1% |
% Under 18 | 20.3% | -2.4% |
% Seniors | 19.9% | -7.0% |
% WFH | 15.4% | 136.9% |
% w/ College Degree | 19.0% | 5.0% |
As of the latest ACS Survey released in 2023, Petersburg, IL is a predominantly white area, with 99.4% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Petersburg, IL is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.0% of the population in Petersburg, IL, and this percentage has decreased by 100.0% 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 | 99.4% | 1.4% |
% Black | 0.0% | N/A |
% Hispanic | 0.6% | -60.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Petersburg, IL
Petersburg, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Petersburg, IL
Petersburg, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Petersburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $143,000 |
| Median Household Income | $62,200 |