Home prices
The median home in Petersburg is valued at $108,100. In comparison to its surrounding areas it is approximately $67,680 (38%) lower.In comparison to the rest of the country it is about $109,400 (50%) lower, and in comparison to the city of Virginia Beach is approximately $172,700 (61%) lower.
Rents
Petersburg's median monthly rent is $947. This is roughly $221 (18%) lower compared to nearby areas.It is approximately $115 (10%) lower compared to the nation as a whole, and in comparison to the city of Virginia Beach is roughly $420 (30%) lower.
Nearby places
Ettrick
Ettrick is Petersburg's neighbor to the northwest. Its real estate prices are a little more expensive. The median home cost in Ettrick is $136,000, which works out to $27,900 (20%) higher than Petersburg. The rent there is a bit more expensive. In Ettrick the median monthly rent is $1,069, which comes out to $122 (11%) higher than Petersburg.
Fort Lee
Fort Lee is Petersburg's neighbor to the northeast. Its real estate prices are substantially more expensive. Fort Lee's median home price is $225,000, which is $116,900 (51%) higher than Petersburg. Rent there is significantly more expensive. The median monthly rent in Fort Lee is $1,697, which is $750 (44%) higher than Petersburg.
Matoaca
Matoaca is Petersburg's neighbor to the northwest. The real estate prices there are somewhat more expensive. The median home in Matoaca costs $150,500, which is $42,400 (28%) higher than Petersburg. The rent there is a bit more expensive. The median monthly rent in Matoaca is $1,100, which works out to $153 (13%) higher than Petersburg.
Colonial Heights
Colonial Heights is Petersburg's neighbor to the north. Its housing prices are substantially more expensive. The median home in Colonial Heights costs $171,700, which works out to $63,600 (37%) higher than Petersburg. Its rents are a bit more expensive. In Colonial Heights the median monthly rent is $1,038, which works out to $91 (8%) higher than Petersburg.
Prince George
Prince George is roughly 6 miles east from Petersburg. The real estate prices there are a lot more expensive. The value of the median home in Prince George is $195,700, which comes out to $87,600 (44%) higher than Petersburg. Rent there is fairly similar. The median monthly rent in Prince George is $936, which works out to $11 (1%) lower than Petersburg.
