Is Petersburg, VA a good place to invest in rental property?

Petersburg, VA has a median modeled monthly cash flow of $-405 and a median cap rate of 4.5%, on a median sold price of $242,000. Prices changed -3.7% year over year.

What is the average cap rate in Petersburg, VA?

The median cap rate across recently sold homes in Petersburg, VA is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Petersburg, VA?

The median sold price in Petersburg, VA is $242,000 (about $158 per square foot).

Investing in Petersburg, VA Real Estate

A data-driven snapshot of the Petersburg, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$242,000Median sold price

$158Median $/sqft

4.5%Median cap rate

$-405Modeled cash flow / mo

-3.7%Appreciation YoY

6.0Months of supply

289Active listings

578Sold (last 12 mo)

What the Petersburg numbers say

In Petersburg, VA, the median home sold for $242,000 (about $158 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-405 of monthly cash flow. Sold prices moved -3.7% over the past year. Inventory sits at about 6.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Petersburg cash-flowing listings

CashFlowRE ranks every for-sale home in Petersburg, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Petersburg deals, or browse the national market data.