The Most Affordable Neighborhoods in Petersburg, WV by Home Value

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 $160,787, lower than the West Virginia average of $177,366.

The average cost of rent is $682/mo in Petersburg, primarily driven by the current value of real estate in the Petersburg area. In Petersburg, 33.64% of households rent, and 50.77% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Petersburg is $4,546 per month. Households that rent pay about 14.99% of their income on rent here. Petersburg’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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