Petersburg Borough, Alaska: commercial real estate data.
Petersburg Borough, Alaska had an estimated 3,436 residents on July 1, 2024, up 1.0 percent since the 2020 census base of 3,401, across 3,282 square miles. County output reached $216.5 m in 2024, 188 establishments operate here, and the SBA record carries 10 7(a) approvals worth $3.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Petersburg Borough
How many people live in Petersburg Borough
- Population, American Community Survey 2020-20243,409
- Households1,371
- Average household size2.49
- Median household income$75,125
- Median age45.7
- Median gross rent$950 per month
- Median owner-occupied home value$315,100
- Home value to household income4.2 times
- Annual rent as a share of median income15.2 percent
- Adults 25 and over with a bachelor degree or higher25.8 percent
- Adults 25 and over with a graduate degree8.1 percent
- Adults 25 and over2,502
- Population under 18633
- Share under 1818.6 percent
- Population 65 and over802
- Share 65 and over23.5 percent
- Working age population, 18 to 641,974
- Civilian labor force1,778
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over64.0 percent
- Rank by population among Alaska boroughs21st of 30
- Rank by population among US county-equivalents, Puerto Rico included3007th of 3,222
Petersburg Borough is the 21st largest of 30 Alaska boroughs by population. A median home costs 4.2 times median household income, which is seriously unaffordable by national standards. Residents 65 and over outnumber those under 18, at 23.5 percent against 18.6 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Petersburg Borough
Is Petersburg Borough's population growing?
- Population, July 1, 20243,436
- Census 2020 base population3,401
- Population change since the 2020 census base1.03 percent
- Population change, 2023 to 20245
- Births, 202425
- Deaths, 202430
- Natural change, 2024-5
- Net domestic migration, 2024-14
- Net international migration, 202424
- Total net migration, 202410
- Cumulative net domestic migration, 2021 to 2024-46
- Rank by growth among US county-equivalents1477th of 3,144
The county has grown 1.03 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Petersburg Borough
Where are people moving to Petersburg Borough from?
- Tax returns filed by households arriving97
- People arriving, from those returns160
- Tax returns filed by households leaving71
- Net household movement26
- Adjusted gross income arriving$5.8 m
- Net adjusted gross income movement$765,000
- Average income of an arriving household$60,093
- Average income of a leaving household$71,324
| Origin | Households | People | Adjusted gross income |
|---|
Households arriving report $11,231 less average income than households leaving, which drains spending power even where headcount holds up.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Petersburg Borough
What is the Petersburg Borough economy?
- County GDP, 2024$216.5 m
- County GDP, 2023$221.0 m
- GDP change, 2023 to 2024-2.0 percent
- GDP change over five years21.6 percent
- Rank by GDP among the Alaska areas BEA publishes21st of 34
- Rank by GDP among the US county areas BEA publishes2875th of 3,127
- GDP per resident$63,522
Output grew -2.0 percent in the latest year and 21.6 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Petersburg Borough
Employment by industry in Petersburg Borough
- Covered employment, annual average1,228
- Establishments reporting170
- Average annual pay$55,599
- Average weekly wage$1,069
- Retail trade, employment150
- Retail trade, average annual pay$33,630
- Accommodation and food services, employment91
- Accommodation and food services, average annual pay$31,845
- Construction, employment48
- Construction, average annual pay$74,313
- Other services, except public administration, employment46
- Other services, except public administration, average annual pay$26,432
- Information, employment28
- Finance and insurance, employment18
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 150 | 24 | $33,630 |
| Accommodation and food services | 91 | 18 | $31,845 |
| Construction | 48 | 10 | $74,313 |
| Other services, except public administration | 46 | 13 | $26,432 |
| Information | 28 | 5 | $24,412 |
| Finance and insurance | 18 | 5 | $57,050 |
| Professional, scientific and technical services | 16 | 10 | $68,495 |
| Administrative and support and waste management services | 16 | 6 | $28,543 |
Retail trade is the largest private sector at 150 jobs, 12.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Petersburg Borough
How many businesses are in Petersburg Borough?
- Establishments, all industries188
- Employment at those establishments912
- Annual payroll$58.2 m
- Establishments per 1,000 residents55.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Petersburg Borough
Building permits in Petersburg Borough
- Housing units authorized by permit, 20244
- Declared construction value permitted$1.6 m
- Single family units authorized4
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$399,063
- Units authorized per 1,000 households2.9
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Petersburg Borough
SBA loans in Petersburg Borough (7(a) and 504)
- 7(a) approvals recorded10
- 7(a) gross approval dollars$3.6 m
- Average 7(a) approval$361,800
- Median 7(a) approval$200,000
- Largest single approval$1,650,000
- Jobs reported supported, 7(a)38
- Jobs per approval3.8
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals5
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter10
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countRecreational and Vacation Camps (except Campgrounds) (3)
- Most active lenderNewtek Bank, National Association (3)
- 504 approvals recorded1
- 504 gross approval dollars$425,000
- Average 504 approval$425,000
- Median 504 approval$425,000
- Distinct CDCs active1
- 504 jobs per approval2.0
- 504 jobs per million dollars approved4.7
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$4.0 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Petersburg Borough
SBA loan default and charge-off rates in Petersburg Borough
Do SBA loans in Petersburg Borough get paid back?
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Cancelled1
- Status: Paid in full4
- Status: Exempt from disclosure4
- Status: Committed, not yet disbursed1
Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Petersburg Borough
How large is Petersburg Borough?
- Land area3,282 sq mi
- Rank by land area among Alaska boroughs23rd of 30
- Width, east to west89 mi
- Height, north to south110.3 mi
- Geographies sharing a boundary2
- Residents per square mile of land1
- Establishments per square mile0.06
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Petersburg Borough site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Petersburg Borough site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20243,409
- Households1,371
- Average household size2.49
- Median household income$75,125
- Median age45.7
Common questions
Petersburg Borough questions, answered from the record.
How many people live in Petersburg Borough, Alaska?
The Census Bureau estimates 3,436 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 3,409, in 1,371 households, ranking 21st of 30 Alaska counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Petersburg Borough's population growing?
The population has grown 1.03 percent since the 2020 census base of 3,401, to 3,436 on July 1, 2024. In 2024 there were 25 births against 30 deaths, with net migration of 10. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Petersburg Borough?
$75,125. The median owner-occupied home is valued at $315,100, which is 4.2 times income, and median gross rent is $950 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Petersburg Borough?
188 establishments, employing 912 people with an annual payroll of $58.2 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Petersburg Borough?
Retail trade is the largest private sector at 150 jobs, 12.2 percent of covered employment. Covered employment averages 1,228 jobs at an average annual pay of $55,599, or $1,069 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Petersburg Borough?
10 7(a) approvals totaling $3.6 m since FY2020, across 5 lenders, with a median approval of $200,000, plus 1 504 approvals worth $425,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Petersburg Borough?
4 housing units were authorized by permit in 2024, with a declared construction value of $1.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
Are traffic counts available for Petersburg Borough on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Petersburg Borough?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Petersburg Borough
Cities and places in Petersburg.
3 Census places lie wholly or partly in Petersburg Borough. 2 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Petersburg | CDP | 3,227 | 10 | Wholly in this county |
| Kupreanof | city | 10 | None recorded | Wholly in this county |
| Hobart Bay | CDP | 0 | None recorded | Wholly in this county |
Nearby