The median home value in Petersburg, TN is $132,040. This is lower than the county median home value of $155,000. The national median home value is $308,980. The average price of homes sold in Petersburg, TN is $132,040. Approximately 71% of Petersburg homes are owned, compared to 15% rented, while 13% are vacant. Petersburg real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Petersburg real estate agent to arrange a tour today! Learn more about Petersburg Real Estate.