Peterson

Population

Total Population

306

Population
Growth Rate

-0.20%

Median Age

47

Diversity Index

21.700

Source: ESRI, 2025-08-25

Housing & Income

Households

156

Total Housing Units

185

Owner Occupied

134

Renter Occupied

22

Vacant

29

Median Home Value

$156,250

Average Home Value

$182,201

Income
Growth Rate

Median
Household Income

0.00%

Per Capita Income

2.58%

Income Projection

Median Household

$77,239 $89,967

Average Household

$97,232 $110,794

Per Capita

$49,569 $56,311

Source: ESRI, 2025-08-25

Workforce

Total Businesses

19

Total Employed

86

Workers 16+

204

2025 Public Administration

Businesses

2

Employed

32

2025 Food Service / Drinking Est.

Businesses

1

Employed

11

2025 Accommodation / Food Service

Businesses

1

Employed

11

2025 Wholesale Trade Businesses

Businesses

3

Employed

9

2025 Finance / Insurance Businesses

Businesses

2

Employed

8

2025 Construction Businesses

Businesses

3

Employed

6

Some
High School

2

Graduated
High School

52

Associates
Degree

36

Bachelor's
Degree

44

Graduate
Degree

14

Average Commute Time

0 min.

Resident Commuters

121

Non-Resident Commuters

83

Drive Alone

181

Carpooled

10

Public

0

Work At Home

9

Source: ESRI, 2025-08-25

MWI Components
US Senate
Midwest Mechanical
Godbersen Metal Works
Cannon Moss Brygger Architects
Doll Distributing

Thoughts on the Corridor

"Our experience with the Corridor has been one of genuine partnership. The team demonstrates true interest in community growth by asking questions to provoke thought..."

— Philip Ramstack, MWI Components

Thoughts on the Corridor

"The Iowa Lakes Corridor serves as an incredible conduit between business, economic development, and government. Their tireless advocacy of their region and member communities (and their diverse needs) helps to keep the Lakes region at the forefront and top-of-mind in my work."

— Kolby DeWitt, Outreach Director, US Senate

Thoughts on the Corridor

"The Iowa Lakes Corridor Development Corporation has always been the go-to place to find ways of helping current business and future business. There isn’t much they will not do to help, including showing property or finding housing for new employees that come to work in the area. The staff at the Corridor is top notch and very caring."

— Donavon Wunschel, Midwestern Mechanical/Spencer City Council

Thoughts on the Corridor

"The Iowa Lakes Corridor has been a valuable resource as we have gone from a startup company to now becoming an established local business, their entire team is very knowledgeable and great to work with."

—Jim Smith, Godbersen Metal Works

Thoughts on the Corridor

"This is a great homebase in Northwest Iowa with the ability to reach a number of communities. The community is positive about growth and values quality spaces. This is a great place to raise a family and be a part of a community that cares about people."

—Adam Van Gorp, CMBA Architects

Thoughts on the Corridor

"After our initial (BRE) meeting, Joanne and I started discussing challenges that we were facing and warehouse space was at the top of our issues. She asked me if we had interest in taking a look at the Daily Reporter building as they were wanting to possibly downsize their location. Jo did all of the leg work in arranging a meeting between Doll’s and the Daily Reporter. She even was present the day that we looked at the facility. Basically, without Jo, we could of possibly never been told that a solution to our warehouse needs was 4 blocks away! Jo checked in several times throughout the process and was always asking if there was anything else she could help with. We are very happy with our purchase and the growth opportunities that this additional space will provide us. We can’t thank you enough!"

—Jason Halverson, Doll Distributing