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Petersburg City

Learn about the people, housing, costs and businesses in Petersburg City

Median Home$199,652
Median Rent$1,220/month
Population33,537
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth⬆⬆+18.0% over 2 years
Young Adults32% of residentswell above average
Renters61% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableVeteran Community11% of residents · top 7% nationally
Petersburg City
VA

Frequently Asked Questions

What are today's mortgage rates in Petersburg City?

Mortgage rates for Petersburg City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Petersburg City?

The median home value in Petersburg City is $200k. The median monthly rent is $1,220. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Petersburg City?

Home values in Petersburg City have increased 18.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Petersburg City?

Based on a typical all-in ownership cost of $1,160/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Petersburg City is $51k/year.

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What industries drive the economy in Petersburg City?

The largest employment sectors in Petersburg City are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Adjacent counties and areas