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These days, finding an affordable place to live in the Petersburg area can be challenging. Home prices in Petersburg are now at a median cost of $221,602, lower than the Maryland average of $450,578.
The average cost of rent is $497/mo in Petersburg, primarily driven by the current value of real estate in the Petersburg area. In Petersburg, 36.15% of households rent, and 26.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Petersburg is $4,415 per month. Households that rent pay about 11.26% of their income on rent here. Petersburg’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thompsontown, MD: higher priced homes
- Hurlock, MD: equally priced homes
- Williamsburg, MD: higher priced homes
- Secretary, MD: equally priced homes
- Reids Grove, MD: higher priced homes
- Eldorado, MD: higher priced homes
- East New Market, MD: higher priced homes
- Rhodesdale, MD: higher priced homes
- Hynson, MD: equally priced homes
- Linkwood, MD: less expensive homes
Cities with Similar Populations
- Stoneham, CO: higher priced homes
- Springwood, VA: higher priced homes
- St. Augustine, MD: higher priced homes
- St. Charles, SD: less expensive homes
- Staffords Store, TN: less expensive homes
- Stairtown, TX: higher priced homes
- Standard, LA: less expensive homes
- Stennett, IA: less expensive homes
- Stillwell, IN: equally priced homes
- Stone Church, IL: less expensive homes
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