Petersburg, VA — Momentum Score, Home Values & Best-For

All states·Virginia·Petersburg

Petersburg city · Richmond · population 34,058

First-time buyersInvestors
Petersburg, VA
Image: Wikipedia · Petersburg, Virginia
OverviewCost of livingMoving guide
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74
Rising
Momentum score · 0–100

Where Petersburg stands

At or near all-time high. averaging 9.4% annual growth over 5 years.

Median home $249,204
1-year +1.1%
5-yr CAGR +9.4%
vs 5-yr peak +0.0%
Population +0.4%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$249k$87k$144k$202k$259k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
82/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,369/mo$917$1,184$1,451202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent157140100120140160202220242026

Rent vs buy

Price-to-rent ratio: 15.2
Lean buy

At a 15.2 price-to-rent ratio, Petersburg is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
56 · w22%
Home 5-yr CAGR
85 · w22%
Distance from peak
90 · w18%
Population growth
54 · w16%
Rent YoY
75 · w12%
Home 10-yr CAGR
89 · w10%
Long thesis

Petersburg has held up across the cycle: home values at $249,204 with +9.4% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Petersburg's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Petersburg

Petersburg is a city in Petersburg city, Virginia, with an estimated population of 34,058. It anchors the Richmond metro area. The median home value in Petersburg is $249,204 as of 2026-04, up 1.1% over the last 12 months. Over the last five years, home values have averaged +9.4% annual growth, with prices at or near the 5-year peak. Rents in Petersburg average $1,369 per month, up 4.5% year-over-year. The composite momentum score is 74 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Multi-year compounder: home values up an average 9.4% per year over the last 5 years — sustained, not a one-year pop.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Petersburg (Wikipedia)

Petersburg is an independent city in the U.S. state of Virginia. As of the 2020 census, the population was 33,458, most of whom are African Americans. The Bureau of Economic Analysis combines Petersburg with Dinwiddie County for statistical purposes. The city is 21 miles (34 km) south of the commonwealth (state) capital city of Richmond. It sits at the fall line of the Appomattox River, a tributary of the longer, larger James River which flows east to meet the southern mouth of the Chesapeake Bay at the Hampton Roads harbor and the Atlantic Ocean.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Petersburg city right now.

NWS active alerts (VA)Virginia Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Petersburg city routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Petersburg

Danville, VA65 · RisingAbingdon, VA68 · RisingHopewell, VA70 · RisingFranklin, VA70 · Rising

Run the numbers for Petersburg

ToolCan I afford Petersburg?Income → city shortlistToolROI on a Petersburg rentalCap rate, cash-on-cash, DSCRToolCompare Petersburg to anywhereSide-by-side up to 3 citiesToolPetersburg cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
47° / 27°
avg high / low
Summer (Jul)
87° / 65°
avg high / low
Sunny days/yr
205
~56% of year
Annual precip
44″ rain
14″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Moderate
Tornado
Low
Wildfire
Low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Petersburg listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Richmond area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
70%
Humid climate
Median household income
$87,200
Virginia state median
Top industries (state-level)
Government/DefenseTech (NoVa)Shipbuilding

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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