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These days, finding an affordable place to live in the Petersburg City area can be challenging. Home prices in Petersburg City are now at a median cost of $128,187, lower than the Virginia average of $323,261.
The average cost of rent is $1,072/mo in Petersburg City, primarily driven by the current value of real estate in the Petersburg City area. While nearly 39.13% of residents own their homes outright in Petersburg City, 67.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Petersburg City is $3,873 per month. Households that rent pay about 27.68% of their income on rent here. Petersburg City's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the county.
Nearby Counties
- Colonial Heights City, VA: higher priced homes
- Prince George County, VA: higher priced homes
- Hopewell City, VA: equally priced homes
- Dinwiddie County, VA: higher priced homes
- Charles City County, VA: higher priced homes
- Surry County, VA: higher priced homes
- Amelia County, VA: higher priced homes
- James City County, VA: higher priced homes
- Nottoway County, VA: higher priced homes
- Williamsburg City, VA: higher priced homes
Counties with Similar Populations
- Jackson County, OH: equally priced homes
- San German Municipio, PR: less expensive homes
- Saline County, IL: less expensive homes
- Salinas Municipio, PR: less expensive homes
- Salem City, VA: higher priced homes
- Sagadahoc County, ME: higher priced homes
- Rio Arriba County, NM: higher priced homes
- Richmond County, NC: less expensive homes
- Prince George County, VA: higher priced homes
- Lassen County, CA: higher priced homes
All Local Stats
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