Petersburg First-Time Homebuyer Report for January

Petersburg is a larger than average city in West Virginia with 2,467 residents. Also, it has seen a 12.3% decrease in population over the last 10 years. It should be noted that 47.4% of the homes in Petersburg are owned, while 37.6% are rentals. The top school in the city is Petersburg High School.

Price Range

Homes in Petersburg are generally more expensive than others in the state with a median home value of $98,700 and an average list price of $177,423. The number of homes coming into the Petersburg market stayed firm with zero listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period.

Make sure you take a look at these eye-catching homes in Petersburg that generated the most views from potential buyers:

$155K   $309K   $148K  

Typical Dwelling

A three-bedroom detached home valued around $132,180 is considered a typical dwelling in Petersburg. If a buyer was looking for a similar home, they would need good credit and a $26,436 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $349 and the property tax rate is $3.67 per $1,000 of taxable assessed value.

Get started right now by checking out Petersburg homes for sale or reviewing Petersburg real estate trends.


Data reported through 1/12/2017

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