24 S Burch St · Petersburg, VA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $666 – $1,236
Heat risk 8/10 · Major
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 42.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +10.3/30.0
- Appreciation +5.7/10.0
- Rent growth +4.0/5.0
- Livability +3.1/5.0
- DSCR +3.0/10.0
- Schools +2.9/10.0
- 1% rule +2.5/10.0
- Condition / age +2.5/5.0
- ARV discount +0.0/15.0
$168,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Good things come in small packages at this completely overhauled and beautifully appointed 2 BR 1 BA home in Petersburg. This solid brick charmer built in 1951 greets you with a cheerful covered front porch with plenty of space for seating. Enter directly to the living space where you’ll find fresh neutral paint and sleek, freshly refinished hardwood flooring. Follow the hallway to two spacious bedrooms with bright, natural light and plenty of closet space flanked by a remodeled bathroom. Bathroom features a brand new vanity, fixtures, lighting and tub to ceiling tile plus farmhouse cabinetry and luxury vinyl floors. Adjacent to the living space find a sparkling eat-in-kitchen, showcasing granite countertops, new stainless appliances, bright white cabinetry and tile backsplash. Continue through the kitchen to a mudroom with laundry hookup and doorway to the exterior with paved landing. New water heater, freshly sealed roof, replacement windows and new gutters. Flat grassy lot with plenty of space for patio or deck addition. Don’t miss the chance to call this inviting house your new home! Additional notables: New vapor barrier and insulation in crawl space
Key facts
- 5,227 sq ft lot
- Built 1951
- Listed 22 days
Property features AI
Exterior
- Parking: Driveway; Unpaved parking
- Utilities: Public water; Public sewer; Natural gas service
- Home design: Detached single-story home; Estimated year built
- Construction: Brick construction; Metal roof; Crawl space foundation
- Exterior features: Above-grade structures
Interior
- Kitchen: Refrigerator; Built-in microwave; Dishwasher; Electric oven/range
- Bedrooms: 2 bedrooms on the main level
- Flooring: Vinyl flooring; Wood flooring
- Bathrooms: 1 full bathroom (main level)
- Heating & cooling: Forced air heating (natural gas); Central air conditioning (natural gas); Electric hot water
- Interior features: Entry-level bedrooms; Eat-in kitchen
- Laundry & utility: Washer; Dryer; Has laundry
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $168k.
Deal economics
- At list price, monthly cash flow is $-92 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $152k (9.6% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (24.7% below list).
- Recommended offer: $126k (24.7% below list) — sets the bar for 1% rule.
- Cap rate 5.6% vs local median 4.5% in Petersburg — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
Location & tenants
- Location reads 61/100 on livability (#413 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
- Petersburg City Public School District (suburban): math 26% / reading 44% proficiency, ranked #131 of 131 in VA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+5.9%/yr); 290 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 118 units permitted in Petersburg city in 2024 (84 in 5+ unit buildings).
Forward outlook
- In year one you build about $4k of equity ($1k loan paydown + $2k appreciation (1.4% local appreciation)).
- Petersburg County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 22 days — a 2% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 25y ago; this cycle's ask is 8% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $145k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 42% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.75% ✗
- Cap rate
- 5.64%
- Cash-on-cash
- -2.34%
- DSCR
- 0.90
- GRM
- 11.1
CMA / ARV
- ARV (on-the-fly)
- $120,897
- Comps found
- 8
Show comp detail 8 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 25 Cherry St | 0.17mi | 2/1.0 | 720 (+2%) | 4mo | $140,000 | $194 | 86 |
| 21 Cherry St | 0.16mi | 2/1.0 | 720 (+2%) | 6mo | $118,500 | $165 | 85 |
| 1047 Sussex St | 0.25mi | 2/1.0 | 672 (-5%) | 3mo | $100,000 | $149 | 77 |
| 42 N Old Church St | 0.18mi | 2/1.0 | 673 (-5%) | 9mo | $95,000 | $141 | 76 |
| 235 S Crater | 0.26mi | 1/1.0 (-1) | 644 (-9%) | 1mo | $110,000 | $171 | 68 |
| 923 Wills Rd | 0.25mi | 2/1.0 | 741 (+5%) | 16mo | $119,000 | $161 | 67 |
| 1029 7th St | 0.25mi | 2/1.0 | 768 (+9%) | 11mo | $150,000 | $195 | 64 |
| 1060 Amelia St | 0.31mi | 3/1.0 (+1) | 769 (+9%) | 14mo | $178,000 | $231 | 55 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
1.45% appreciation · 5.89% rent growth · sell at horizon
- IRR
- 1.9%
- Equity multiple
- 1.10×
- Total profit
- $4,789
- Equity at exit
- $61,310
- IRR
- 7.7%
- Equity multiple
- 2.05×
- Total profit
- $49,251
- Equity at exit
- $84,628
Cash invested: $47,040 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 55 Moderately Landlord-Leaning
- State Virginia
- 55 Moderately Landlord-Leaning · D+2
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 23803
- Home prices YoY
- 0.3%
- Rents YoY
- 5.9%
- Active inventory
- 290
- Price-to-rent
- 11.1×
Monthly cashflow live
- Estimated rent
- $1,264 high interval (Pro) →
- Mortgage (P&I)
- −$881
- Tax from tax record
- −$139 /mo · $1,674/yr
- Insurance
- −$70
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$266
- Net cashflow
- $-92
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $42,000
- Closing costs
- $5,040
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 34 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 129 S Old Church St Petersburg, VA | 3.0 | 1.0 | 640 | $1,250 | $1.95 | 23d | 1 | 0.12mi |
| 120 S Little Church St Petersburg, VA | 2.0 | 2.5 | 600 | $1,475 | $2.46 | 23d | 1 | 0.25mi |
| 445 Roundtop Ave Petersburg, VA | 2.0 | 1.0 | 750 | $1,050 | $1.40 | 1d | 3 | 0.47mi |
| 250 E Bank St Petersburg, VA | 2.0 | 1.0–2.0 | 862 | $1,509 | $1.75 | 1d | 19 | 0.56mi |
| 219 E Bank St Apt 121 Petersburg, VA | 1.0 | 1.0 | 569 | $1,180 | $2.07 | 43d | 1 | 0.63mi |
| 219 E Bank St Apt 136 Petersburg, VA | 1.0 | 1.0 | 569 | $1,150 | $2.02 | 43d | 1 | 0.63mi |
| 219 E Bank St Apt 227 Petersburg, VA | 1.0 | 1.0 | 615 | $1,075 | $1.75 | 23d | 1 | 0.63mi |
| 219 E Bank St Apt 105 Petersburg, VA | 1.0 | 1.0 | 465 | $1,085 | $2.33 | 2d | 1 | 0.63mi |
| 219 E Bank St Apt 217 Petersburg, VA | 1.0 | 1.0 | 615 | $1,295 | $2.11 | 43d | 1 | 0.63mi |
| 219 E Bank St Apt 125 Petersburg, VA | 1.0 | 1.0 | 671 | $1,195 | $1.78 | 2d | 1 | 0.63mi |
| 219 E Bank St Apt 103 Petersburg, VA | 1.0 | 1.0 | 465 | $1,295 | $2.78 | 20d | 1 | 0.63mi |
| 219 E Bank St Apt 134 Petersburg, VA | 1.0 | 1.0 | 569 | $1,175 | $2.07 | 14d | 1 | 0.63mi |
| 219 E Bank St Apt 126 Petersburg, VA | 1.0 | 1.0 | 671 | $1,275 | $1.90 | 23d | 1 | 0.63mi |
| 219 E Bank St Unit 215 Petersburg, VA | 1.0 | 1.0 | 615 | $1,195 | $1.94 | 10d | 1 | 0.64mi |
| 30 Franklin St Petersburg, VA | 1.0 | 1.0 | 609 | $1,022 | $1.68 | 1d | 2 | 0.75mi |
| 30 Franklin St Petersburg, VA | 2.0 | 1.0–2.0 | 755 | $1,550 | $2.05 | 19d | 1 | 0.75mi |
| 230 N Sycamore St Petersburg, VA | 1.0 | 1.0 | 622 | $1,150 | $1.85 | 1d | 7 | 0.88mi |
| 15 N Union St Petersburg, VA | 1.0 | 1.0 | 660 | $1,072 | $1.62 | 17d | 9 | 0.88mi |
| 15 N Union St Petersburg, VA | 1.0 | 1.0 | 633 | $999 | $1.58 | 21d | 2 | 0.88mi |
| 25 W Bank St Petersburg, VA | 1.0 | 1.0 | 765 | $995 | $1.30 | 1d | 7 | 0.91mi |
| 25 W Bank St Petersburg, VA | 1.0 | 1.0 | 538 | $1,050 | $1.95 | 19d | 1 | 0.91mi |
| 9 S Market St Petersburg, VA | 1.0–2.0 | 1.0–2.0 | 721 | $1,350 | $1.87 | 17d | 6 | 0.99mi |
| 9 N Market St Petersburg, VA | 1.0 | 1.0 | 667 | $1,199 | $1.80 | 21d | 1 | 1.00mi |
| 16 S Market St Petersburg, VA | 1.0–2.0 | 1.0–2.0 | 769 | $2,312 | $3.01 | 1d | 17 | 1.06mi |
| 232 High St Unit B Petersburg, VA | 1.0 | 1.0 | 750 | $1,400 | $1.87 | 1d | 1 | 1.06mi |
| 456 Harrison St Unit B Petersburg, VA | 1.0 | 1.0 | 456 | $1,350 | $2.96 | 43d | 1 | 1.08mi |
| 109 Perry St Petersburg, VA | 1.0–2.0 | 1.0–2.0 | 787 | $1,577 | $2.00 | 1d | 15 | 1.15mi |
| 325 Brown St Petersburg, VA | 1.0–2.0 | 1.0–2.0 | 775 | $1,310 | $1.69 | 21d | 2 | 1.16mi |
| 325 Brown St Petersburg, VA | 1.0–2.0 | 1.0–2.0 | 797 | $1,395 | $1.75 | 14d | 9 | 1.16mi |
| 1025 S Crater Rd Petersburg, VA | 1.0–3.0 | 1.0–2.0 | 795 | $1,212 | $1.52 | 1d | 10 | 1.33mi |
| 2310 Richmond Ave Petersburg, VA | 2.0 | 1.0 | 728 | $1,250 | $1.72 | 23d | 1 | 1.42mi |
| 204 Saint Mark St Petersburg, VA | 1.0 | 1.0 | 480 | $1,014 | $2.11 | 23d | 1 | 1.45mi |
| 647 W Washington St Petersburg, VA | 1.0 | 1.0 | 595 | $595 | $1.00 | 15d | 1 | 1.46mi |
| 217 N Carolina Ave Petersburg, VA | 2.0 | 1.0 | 718 | $1,025 | $1.43 | 23d | 1 | 1.50mi |
Listing history 35 events
-
2026-06-18days on market $168,000 Active 22 DOM
-
2026-06-17days on market $168,000 Active 21 DOM
-
2026-06-16days on market $168,000 Active 20 DOM
-
2026-06-15days on market $168,000 Active 19 DOM
-
2026-06-13days on market $168,000 Active 17 DOM
-
2026-06-10days on market $168,000 Active 14 DOM
-
2026-06-09days on market $168,000 Active 13 DOM
-
2026-06-08days on market $168,000 Active 12 DOM
-
2026-06-07days on market $168,000 Active 11 DOM
-
2026-06-05days on market $168,000 Active 8 DOM
-
2026-06-03days on market $168,000 Active 7 DOM
-
2026-06-02days on market $168,000 Active 6 DOM
-
2026-06-01days on market $168,000 Active 5 DOM
-
2026-05-31days on market $168,000 Active 4 DOM
-
2026-05-23historical $168,000
-
2023-08-31soldstatus $145,000 Closed 1187-char remark
Show marketing remark (1187 chars)
Good things come in small packages at this completely overhauled and beautifully appointed 2 BR 1 BA home in Petersburg. This solid brick charmer built in 1951 greets you with a cheerful covered front porch with plenty of space for seating. Enter directly to the living space where you’ll find fresh neutral paint and sleek, freshly refinished hardwood flooring. Follow the hallway to two spacious bedrooms with bright, natural light and plenty of closet space flanked by a remodeled bathroom. Bathroom features a brand new vanity, fixtures, lighting and tub to ceiling tile plus farmhouse cabinetry and luxury vinyl floors. Adjacent to the living space find a sparkling eat-in-kitchen, showcasing granite countertops, new stainless appliances, bright white cabinetry and tile backsplash. Continue through the kitchen to a mudroom with laundry hookup and doorway to the exterior with paved landing. New water heater, freshly sealed roof, replacement windows and new gutters. Flat grassy lot with plenty of space for patio or deck addition. Don’t miss the chance to call this inviting house your new home! Additional notables: New vapor barrier and insulation in crawl space
-
2023-08-31soldstatus $145,000
Show marketing remark (1187 chars)
Good things come in small packages at this completely overhauled and beautifully appointed 2 BR 1 BA home in Petersburg. This solid brick charmer built in 1951 greets you with a cheerful covered front porch with plenty of space for seating. Enter directly to the living space where you’ll find fresh neutral paint and sleek, freshly refinished hardwood flooring. Follow the hallway to two spacious bedrooms with bright, natural light and plenty of closet space flanked by a remodeled bathroom. Bathroom features a brand new vanity, fixtures, lighting and tub to ceiling tile plus farmhouse cabinetry and luxury vinyl floors. Adjacent to the living space find a sparkling eat-in-kitchen, showcasing granite countertops, new stainless appliances, bright white cabinetry and tile backsplash. Continue through the kitchen to a mudroom with laundry hookup and doorway to the exterior with paved landing. New water heater, freshly sealed roof, replacement windows and new gutters. Flat grassy lot with plenty of space for patio or deck addition. Don’t miss the chance to call this inviting house your new home! Additional notables: New vapor barrier and insulation in crawl space
-
2023-08-02status Pending 1187-char remark
Show marketing remark (1187 chars)
Good things come in small packages at this completely overhauled and beautifully appointed 2 BR 1 BA home in Petersburg. This solid brick charmer built in 1951 greets you with a cheerful covered front porch with plenty of space for seating. Enter directly to the living space where you’ll find fresh neutral paint and sleek, freshly refinished hardwood flooring. Follow the hallway to two spacious bedrooms with bright, natural light and plenty of closet space flanked by a remodeled bathroom. Bathroom features a brand new vanity, fixtures, lighting and tub to ceiling tile plus farmhouse cabinetry and luxury vinyl floors. Adjacent to the living space find a sparkling eat-in-kitchen, showcasing granite countertops, new stainless appliances, bright white cabinetry and tile backsplash. Continue through the kitchen to a mudroom with laundry hookup and doorway to the exterior with paved landing. New water heater, freshly sealed roof, replacement windows and new gutters. Flat grassy lot with plenty of space for patio or deck addition. Don’t miss the chance to call this inviting house your new home! Additional notables: New vapor barrier and insulation in crawl space
-
2023-07-24price $149,000 1187-char remark
Show marketing remark (1187 chars)
Good things come in small packages at this completely overhauled and beautifully appointed 2 BR 1 BA home in Petersburg. This solid brick charmer built in 1951 greets you with a cheerful covered front porch with plenty of space for seating. Enter directly to the living space where you’ll find fresh neutral paint and sleek, freshly refinished hardwood flooring. Follow the hallway to two spacious bedrooms with bright, natural light and plenty of closet space flanked by a remodeled bathroom. Bathroom features a brand new vanity, fixtures, lighting and tub to ceiling tile plus farmhouse cabinetry and luxury vinyl floors. Adjacent to the living space find a sparkling eat-in-kitchen, showcasing granite countertops, new stainless appliances, bright white cabinetry and tile backsplash. Continue through the kitchen to a mudroom with laundry hookup and doorway to the exterior with paved landing. New water heater, freshly sealed roof, replacement windows and new gutters. Flat grassy lot with plenty of space for patio or deck addition. Don’t miss the chance to call this inviting house your new home! Additional notables: New vapor barrier and insulation in crawl space
-
2023-07-12$155,000 Active 1187-char remark
Show marketing remark (1187 chars)
Good things come in small packages at this completely overhauled and beautifully appointed 2 BR 1 BA home in Petersburg. This solid brick charmer built in 1951 greets you with a cheerful covered front porch with plenty of space for seating. Enter directly to the living space where you’ll find fresh neutral paint and sleek, freshly refinished hardwood flooring. Follow the hallway to two spacious bedrooms with bright, natural light and plenty of closet space flanked by a remodeled bathroom. Bathroom features a brand new vanity, fixtures, lighting and tub to ceiling tile plus farmhouse cabinetry and luxury vinyl floors. Adjacent to the living space find a sparkling eat-in-kitchen, showcasing granite countertops, new stainless appliances, bright white cabinetry and tile backsplash. Continue through the kitchen to a mudroom with laundry hookup and doorway to the exterior with paved landing. New water heater, freshly sealed roof, replacement windows and new gutters. Flat grassy lot with plenty of space for patio or deck addition. Don’t miss the chance to call this inviting house your new home! Additional notables: New vapor barrier and insulation in crawl space
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2023-02-13soldstatus $41,754
-
2016-06-01soldstatus $30,100
-
2014-01-30soldstatus $13,000
-
2012-04-10soldstatus $22,000
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2004-09-01historical
-
2004-09-01historical
-
2004-06-18$41,950
-
2004-06-18$41,950
-
2004-01-08soldstatus $27,486
-
2004-01-07soldstatus $27,486
-
2004-01-07soldstatus $27,486
-
2003-07-10$32,950
-
2003-07-10$32,950
-
2001-09-12historical
-
2001-09-07$32,500
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast VA · Resets to sale price
- Current annual tax
- $1,674 · $139/mo
- Projected year-2 tax
- $1,674 · $139/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 8/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
- Wind 6/10 Major 42% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $15,174
- − Mortgage interest
- −$9,411
- − Property taxes
- −$1,674
- − Insurance
- −$840
- − Repairs & maintenance
- −$1,214
- − Management
- −$1,214
- − Depreciation
- −$4,887
- Taxable loss
- −$4,066
- Est. tax savings @ 24.0%
- +$976
- After-tax cash flow
- $-123/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Petersburg City Public School District
- NCES district ID
- 5102910
- Math proficiency
- 26% ▼ -27.00%
- Reading proficiency
- 44% ▼ -8.00%
- Median HH income
- $34,362
- Composite
- 28.78/100
- National rank
- #6670
- State rank
- #131 of 131 in VA
Livability — Petersburg
- Score
- 61/100
- State rank
- #413
- US rank
- #17309
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Petersburg, VA
- County
- Chesterfield County · 406,988 people
- City population
- 63,420
- Metro
- Richmond, VA
- Population (ZIP)
- 42,012
- Household income
- $57,813
- Rent vs Own
- Severe rent burden
- 2485.0
Population outlook (Petersburg County) Hauer SSP2
- Today (2025)
- 30,488 people
- By 2030
- 29,771 · -2.4%
- By 2040
- 28,401 · -6.8%
- By 2050
- 27,279 · -10.5%
- By 2075
- 25,877 · -15.1%
- By 2100
- 24,288 · -20.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 58% White 31% Hispanic / Latino 6% Two or more races 5%
- Hispanic origin (detail)
- Mexican 1% Puerto Rican 2%
- Common ancestry
- Italian 1% Romanian 1% Slovak 1%
- Foreign-born
- 4% · Canada
- Languages at home
- 93% English-only · Spanish 5%
Political lean MEDSL · Petersburg
- 2024 margin
- Solid D (+72.8) · D 85.8% · R 13.0% · Other 1.2%
- 2008→2024 swing
- -5.7pp toward R · 2008: 78.5pp · 2024: 72.8pp
- All cycles
- 2024: D+72.8 2020: D+76.5 2016: D+77.0 2012: D+80.4 2008: D+78.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 1.45%
- Current HPI
- 480.5365
- Rent YoY
- ▲ 5.89%
- Metro
- Richmond, VA
- State GDP YoY
- ▲ 2.40%
- F500 in state
- 50
Industry mix (Fortune 500 HQ in VA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Aerospace / Defense | 4 | $236B |
|
||
| Technology / Defense | 3 | $32B |
|
||
| Financial Services | 2 | $176B |
|
||
| Utilities | 2 | $27B |
|
||
| Insurance | 2 | $25B |
|
||
| Technology | 2 | $15B |
|
||
Price history
+416.9% since first listed21 events — show timeline
- 2026-05-23 Coming Soon $168,000 BRIGHT MLS
- 2023-08-31 Sold (Public Records) $145,000 Public Records
- 2023-08-31 Sold (MLS) $145,000 CVRMLS
- 2023-08-02 Pending — CVRMLS
- 2023-07-24 Price Changed $149,000 CVRMLS
- 2023-07-12 Listed $155,000 CVRMLS
- 2023-02-13 Sold (Public Records) $41,754 Public Records
- 2016-06-01 Sold (Public Records) $30,100 Public Records
- 2014-01-30 Sold (Public Records) $13,000 Public Records
- 2012-04-10 Sold (Public Records) $22,000 Public Records
- 2004-09-01 Listing Removed — CVRMLS
- 2004-09-01 Listing Removed — CVRMLS
- 2004-06-18 Listed $41,950 CVRMLS
- 2004-06-18 Listed $41,950 CVRMLS
- 2004-01-08 Sold (Public Records) $27,486 Public Records
- 2004-01-07 Sold (MLS) $27,486 CVRMLS
- 2004-01-07 Sold (MLS) $27,486 CVRMLS
- 2003-07-10 Listed $32,950 CVRMLS
- 2003-07-10 Listed $32,950 CVRMLS
- 2001-09-12 Listing Removed — CVRMLS
- 2001-09-07 Listed $32,500 CVRMLS
Property tax history
+9.6%/yrLatest (2025): $1,674 · +20.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…