Home Price Key
Affordable
Average
Expensive
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 $161,272, lower than the Virginia average of $323,261.
The average cost of rent is $1,081/mo in Petersburg, primarily driven by the current value of real estate in the Petersburg area. While nearly 35.58% of residents own their homes outright in Petersburg, 49.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Petersburg is $4,724 per month. Households that rent pay about 22.88% of their income on rent here. Petersburg's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- West Petersburg, VA: higher priced homes
- Colonial Heights, VA: higher priced homes
- Fort Lee, VA: equally priced homes
- Matoaca, VA: higher priced homes
- New Bohemia, VA: higher priced homes
- Reams, VA: higher priced homes
- Sutherland, VA: higher priced homes
- Prince George, VA: higher priced homes
- Kenwood, VA: equally priced homes
- Hopewell, VA: equally priced homes
Cities with Similar Populations
- Vineland, NJ: higher priced homes
- Hempstead, NY: higher priced homes
- Griffin, GA: less expensive homes
- Grand Forks, ND: higher priced homes
- Hoboken, NJ: higher priced homes
- Coeur d'Alene, ID: higher priced homes
- Santee, CA: higher priced homes
- Brentwood, TN: higher priced homes
- Newport Beach, CA: higher priced homes
- North Bergen, NJ: higher priced homes
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