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Foreclosure Homes in Petersburg, VA

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Petersburg, VA Foreclosures

Current Market Conditions in Petersburg, VA as of August 2026?
Home values: +1.06% MoM; rent: +0.00% MoM.
How much do homes sell for in Petersburg, VA?
The average home price is currently $222,519.
In Petersburg, VA, how many homes are available?
There are currently 357 active home listings available in Petersburg.
What’s the average rental cost in Petersburg, VA?
The average rental price in Petersburg is $1,081.
What is the most expensive home in Petersburg?
The most expensive home sold in Petersburg had a price of $7,868,333.
What is currently the cheapest priced home in Petersburg, VA?
The cheapest home for sale in Petersburg is priced at $13,459.

Living in Petersburg, VA

Petersburg is a historic Tri-Cities market south of Richmond with affordable housing options, major highway access, and a mix of downtown revitalization, established neighborhoods, and regional employment drivers.

Buyer vs Seller Market in Petersburg, VA

Median home value: $211,556 as of 2026-08-14.

Median rent: $1,040 as of 2026-08-14.

Home values: +1.06% MoM, +7.39% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Petersburg, VA

There are currently 12,179 real estate properties in Petersburg, VA, with a median automated valuation model (AVM) price of $211,556.00. 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 $222,519.00, with the most expensive house in Petersburg, VA, topping out at $7,868,333.00 and the cheapest home in Petersburg, VA, clocking in at $13,459.00. 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 $1,081.00. Indeed, when looking to rent in Petersburg, VA, you can expect to pay as little as $600.00 or as much as $3,360.00, 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.

Petersburg, VA Foreclosures

Market Trend for Petersburg, VA

Total Listings Available: 357

Market Values:

Home Prices from $13,459 to $7,868,333

Average Sales Price: $222,519

Rental Values:

Rental from $600 to $3,360

Average Rent Value: $1,081 / month

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