Similar to its nearby areas, it's a lot less expensive compared to the nation as a whole. However it's a little less expensive compared to the city of Peoria.
Home prices
The median home in Petersburg is valued at $98,000. This is roughly $1,200 (1%) higher in comparison to the surrounding areas.Compared to the country as a whole it is roughly $119,500 (54%) lower, and in comparison to the city of Peoria it is roughly $27,700 (22%) lower.
Rents
The median monthly rent in Petersburg is $681. Compared to its surrounding areas it is about $38 (5%) lower.It is about $381 (35%) lower compared to the country as a whole, and in comparison to the city of Peoria it is about $125 (15%) lower.
Nearby places
Tallula
Tallula is about 6 miles southwest from Petersburg. Its housing prices are somewhat less expensive. The price of the median home in Tallula is $83,600, which works out to $14,400 (17%) lower than Petersburg. Rent there is similar. Tallula's median monthly rent is $671, which works out to $10 (1%) lower than Petersburg.
Athens
Athens is about 6 miles southeast of Petersburg. Real estate prices there are a little more expensive. The median home cost in Athens is $123,100, which comes out to $25,100 (20%) higher than Petersburg. Its rents are somewhat more expensive. The median rent in Athens is $788 per month, which is $107 (13%) higher than Petersburg.
Greenview
Greenview is about 6 miles northeast of Petersburg. The housing prices there are somewhat less expensive. The cost of the median home in Greenview is $80,000, which comes out to $18,000 (22%) lower than Petersburg. Rents there are similar. The median monthly rent in Greenview is $667, which is $14 (2%) lower than Petersburg.
Oakford
Oakford is about 8 miles northwest from Petersburg. The real estate prices there are somewhat less expensive. The median home in Oakford costs $82,100, which is $15,900 (19%) lower than Petersburg. Rents there are fairly similar. The median monthly rent in Oakford is $713, which comes out to $32 (4%) higher than Petersburg.
Pleasant Plains
Pleasant Plains is about 10 miles south of Petersburg. The real estate prices there are a bit more expensive. The cost of the median home in Pleasant Plains is $115,200, which comes out to $17,200 (14%) higher than Petersburg. Its rents are a little more expensive. The median monthly rent in Pleasant Plains is $755, which comes out to $74 (9%) higher than Petersburg.
