Petersburg, IL

Petersburg, Illinois is a small town located in Cook County. The population of Petersburg was 8,811 as of the 2010 census. The median household income in Petersburg was $50,914 in 2009.

Real estate is one of the most important industries in Petersburg. There are a number of reasons for this: first and foremost, the town is located in a desirable location; secondly, there is a large population base that needs housing; and finally, the market has been very stable over the past few years.

The primary real estate market in Petersburg consists of single-family homes and condos. Single-family homes typically sell for around $150,000 to $250,000; condos sell for around $200,000 to $300,000. There has been an increase in demand for luxury properties over the past few years; however, average prices have not changed much since 2007.