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Petersburg city Housing Market

Virginia · 133 counties · Ranked #1287 in home value

Below National Avg

Housing at a Glance

Median Home Value

$157,900

vs national$157,900 vs $281,900 national

Median Gross Rent

$1,132/mo

vs national$1,132 vs $1,163 national

Effective Tax Rate

0.92%

vs national0.92% vs 1.02% national

Median Household Income

$50,741

vs national$50,741 vs $74,755 national

Affordability Ratio

3.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,449

Tax as % of Home Value

0.92%

Monthly Owner Cost

$1,049

Renter Income

$44,661

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Frequently Asked Questions

What is the median home value in Petersburg city?

The median home value in Petersburg city is $157,900. This is below the national median of $281,900.

How much is rent in Petersburg city?

The median gross rent in Petersburg city is $1,132 per month.

What is the property tax rate in Petersburg city?

The effective property tax rate in Petersburg city is 0.92%. The median annual property tax bill is $1,449.

Is Petersburg city affordable?

With a home-value-to-income ratio of 3.1x, Petersburg city is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.