Rent To Own Homes in Petersburg, VA

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View this home at Halifax St Petersburg VA 23803
Preforeclosure NEW
$50,200 EMV

4 Bed | 1 Bath | 1,843 Sq. Ft.

View this home at Bollinger Dr South Chesterfield VA 23803
$267,629 EMV
View this home at Battersea Ln Petersburg VA 23803
View this home at Roundtop Ave Petersburg VA 23803
$142,309 EMV

3 Bed | 1 Bath | 988 Sq. Ft.

View this home at Westbriar Ln North Dinwiddie VA 23803
$384,069 EMV

5 Bed | 3 Bath | 2,656 Sq. Ft.

View this home at Walkers Landing Ct North Dinwiddie VA 23803
$293,453 EMV

4 Bed | 2 Bath | 1,535 Sq. Ft.

View this home at Westbriar Ln Petersburg VA 23803

3 Bed | 2 Bath | 2,656 Sq. Ft.

View this home at Jackson St South Chesterfield VA 23803
$101,698 EMV

1 Bed | 1 Bath | 885 Sq. Ft.

View this home at S Crater Rd South Prince George VA 23805
$259,596 EMV

3 Bed | 2 Bath | 1,143 Sq. Ft.

View this home at S Crater Rd Petersburg VA 23805

3 Bed | 1,143 Sq. Ft.

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Home Value Estimator For Petersburg, VA

There are currently 10,165 real estate properties in Petersburg, VA, with a median automated valuation model (AVM) price of $192,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Petersburg, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Petersburg, VA, is $198,592.00, with the most expensive house in Petersburg, VA, topping out at $7,500,000.00 and the cheapest home in Petersburg, VA, clocking in at $14,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Petersburg, VA!

Rent Prices In Petersburg, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Petersburg, VA, is on a rollercoaster ride. The average rent price in Petersburg, VA, is $1,078.00. Indeed, when looking to rent in Petersburg, VA, you can expect to pay as little as $600.00 or as much as $3,720.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Petersburg, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Petersburg, VA In 2024

Petersburg is located in Petersburg, Virginia, with an estimated municipal population of 31,346 residents. All of the best foreclosed homes for sale in Petersburg are located in the following zip code areas on 23803 23805 23804. The estimated population per square kilometer (.62 miles) in Petersburg is 532.

Cost Of Living In Petersburg, VA

So, about how much do homes cost in Petersburg? The most recent median value of resident-owned homes in Petersburg is 111,612. An estimated 38.8 percent of households in Petersburg own their homes, with an average family size of 3.28. The median household income in Petersburg is 38,679, with10.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Petersburg, the median commute time of resident workers (in minutes) is 22.7. And last, but certainly not least, are you looking for homes to rent in Petersburg? If so, the average rent price paid by renters in Petersburg is 947, according to recent statistics.

Diversity And Demographics In Petersburg, Virginia

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Petersburg, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Petersburg is 38.1, split between 45.6 percent male versus 54.4 female. The percentage of residents who report being married in Petersburg is 25.3, with an average family size of 3.28.

The percentage of residents who report their race in Petersburg is as follows:

White 17.5%
Black / African American 76.7%
Asian 0.9%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 2.3%
Other 2.3%

Looking for family-friendly neighborhoods in and/or near Petersburg? Or maybe you are searching for 55+ active adult communities in and/or near Petersburg?

The percentage of residents who report their age in Petersburg is as follows:

Under 10 13.4%
Aged 10-19 9.7%
20s 16.9%
30s 12.1%
40s 10.5%
50s 13.5%
60s 13.1%
70s 6.4%
80+ 4.4%

Best Schools In Petersburg, Virginia

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Petersburg with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Petersburg.

Pros And Cons Of Living In Petersburg, Virginia

How do you know that living in -- or moving to -- Petersburg is right where you need to be? Perhaps you grew up in Petersburg or already live nearby; therefore, the decision to buy a home in Petersburg is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Petersburg for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Petersburg:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Petersburg.

Reasons To Move To Petersburg, Virginia, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Petersburg can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Petersburg, meanwhile, can field multiple offers from more qualified buyers.

Petersburg, VA Rent To Own Homes


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