Similar to the surrounding areas, it's significantly less expensive compared to the entire nation. Compared to the city of Grand Forks, it is significantly less expensive.
Home prices
The median home price in Petersburg is $85,000. It is roughly $2,680 (3%) higher compared to the surrounding areas.Compared to the rest of the country it is about $132,500 (60%) lower, and it is approximately $125,300 (59%) lower in comparison to the city of Grand Forks.
Rents
Petersburg's median monthly rent is $717. In comparison to other places in this area this is about $196 (37%) higher.Compared to the US as a whole it is approximately $345 (32%) lower, and is roughly $94 (11%) lower in comparison to the city of Grand Forks.
Nearby places
Michigan City
Michigan City is approximately 4 miles west of Petersburg. Its housing prices are a little less expensive. The median home cost in Michigan City is $72,500, which is $12,500 (17%) lower than Petersburg. Its rents are significantly less expensive. Michigan City's median rent is $488 a month, which comes out to $229 (46%) lower than Petersburg.
Lakota
Lakota is about 13 miles west of Petersburg. Its real estate prices are somewhat more expensive. The value of the median home in Lakota is $104,000, which is $19,000 (18%) higher than Petersburg. The rent there is substantially less expensive. In Lakota the median rent is $530 per month, which comes out to $187 (35%) lower than Petersburg.
Larimore
Larimore is about 15 miles southeast of Petersburg. The housing prices there are a little more expensive. The median home in Larimore costs $118,000, which works out to $33,000 (27%) higher than Petersburg. Rents there are a little less expensive. In Larimore the median rent is $624 a month, which works out to $93 (14%) lower than Petersburg.
McVille
McVille is about 16 miles southwest of Petersburg. Its real estate prices are substantially less expensive. The median home value in McVille is $62,100, which is $22,900 (36%) lower than Petersburg. Rents there are substantially less expensive. In McVille the median rent is $465 per month, which comes out to $252 (54%) lower than Petersburg.
Aneta
Aneta is about 19 miles south of Petersburg. Its housing prices are a lot less expensive. The price of the median home in Aneta is $55,000, which works out to $30,000 (54%) lower than Petersburg. The rent there is substantially less expensive. In Aneta the median monthly rent is $497, which is $220 (44%) lower than Petersburg.
