Petersville, IN
Population 128 · Indiana
About Petersville, IN
Petersville is a small community located in Indiana with a population of 128 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,750 per year, which is 2% below the national median of $75,149. The median age of 33.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Petersville features a median home value of $155,000, which is 37% below the national median of $244,900. This positions Petersville in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 58 total housing units, 100% are owner-occupied (58 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Petersville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Petersville have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
22.5% of Petersville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 11.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Petersville, IN
Compared to national averages, Petersville has a median household income of $73,750 (2% below the national median of $75,149). Home values average $155,000, which is 37% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Petersville's income is 6% above the state average of $69,330, and home values are 5% below the state median of $163,409.
Why Live in Petersville, IN?
Petersville offers affordable housing with a median home value of $155,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 11.7%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($73,750) that falls below the national average. However, Petersville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Petersville has a population of 128 with a median age of 33.6 years. Compare Petersville with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Petersville
What is the population of Petersville, IN?
The population of Petersville, IN is 128 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Petersville?
The median household income in Petersville, IN is $73,750 per year, which is 2% below the national median of $75,149.
What is the median home value in Petersville?
The median home value in Petersville, IN is $155,000, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Petersville?
The median monthly rent in Petersville, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Petersville?
The unemployment rate in Petersville, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Petersville, IN a good place to live?
Petersville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 128 and a median age of 33.6, the city appeals to young professionals and families.
How educated is Petersville, IN?
22.5% of residents in Petersville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Petersville?
Key cost-of-living indicators for Petersville, IN: median home value is $155,000 (37% below national), median rent is $0/month, and median household income is $73,750. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Petersville?
The poverty rate in Petersville, IN is 11.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Petersville, IN?
Petersville's population is 11.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.