Much like other places in this area, it's significantly less expensive compared to the country as a whole. Compared to the city of Grand Island, it's significantly less expensive.
Home prices
The median home in Petersburg is valued at $65,000. Compared to other places in this area it is roughly $3,100 (4%) lower.In comparison to the nation as a whole it is about $152,500 (70%) lower, and is approximately $75,800 (53%) lower in comparison to the city of Grand Island.
Rents
The median monthly rent in Petersburg is $608. Compared to nearby areas this is approximately $22 (3%) lower.Compared to the entire nation it is about $454 (42%) lower, and in comparison to the city of Grand Island it is roughly $159 (20%) lower.
Nearby places
Elgin
Elgin is roughly 8 miles north from Petersburg. The housing prices there are somewhat more expensive. The cost of the median home in Elgin is $77,900, which is $12,900 (16%) higher than Petersburg. Rent there is fairly similar. Elgin's median monthly rent is $625, which works out to $17 (2%) higher than Petersburg.
Albion
Albion is approximately 11 miles south of Petersburg. The housing prices there are substantially more expensive. Albion's median home cost is $120,800, which is $55,800 (46%) higher than Petersburg. Its rents are similar. The median rent in Albion is $580 per month, which works out to $28 (4%) lower than Petersburg.
Oakdale
Oakdale is roughly 15 miles north from Petersburg. The housing prices there are a lot less expensive. Oakdale's median home price is $22,300, which is $42,700 (191%) lower than Petersburg. Its rents are somewhat more expensive. Oakdale's median monthly rent is $735, which comes out to $127 (17%) higher than Petersburg.
Newman Grove
Newman Grove is roughly 15 miles southeast of Petersburg. The housing prices there are pretty similar. The value of the median home in Newman Grove is $66,700, which works out to $1,700 (2%) higher than Petersburg. Rents there are a bit less expensive. Newman Grove's median rent is $550 per month, which works out to $58 (10%) lower than Petersburg.
Spalding
Spalding is approximately 16 miles southwest from Petersburg. Its real estate prices are somewhat less expensive. Spalding's median home value is $52,800, which is $12,200 (23%) lower than Petersburg. Its rents are a little more expensive. In Spalding the median rent is $660 per month, which comes out to $52 (7%) higher than Petersburg.
