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Affordable & Income-Based Housing in Petersburg

Petersburg, VA has 24 affordable and income-based rental properties with 2,142 total units, making it one of the more resource-rich cities in the region for renters seeking below-market housing. With a median market rent of $1,174 per month and a median household income of $50,698 (Census ACS 5-Year), income-based options here can offer meaningful savings. Of the 5 properties with inspection scores on file, 3 rated excellent and 1 rated good.

24
Properties
2,142
Total units
84/100
Avg HUD score

At a glance

🏠 Affordability
$1,174/mo

Affordability

According to Census ACS 5-Year data (as of 2024), the median monthly rent in Petersburg is $1,174, against a median household income of $50,698 annually. With 61% of residents renting, income-based and HUD-assisted housing options in the city play an important role for many households.

Census ACS 5-Year
🛡️ Safety
1,070 / 100k · 2024

Safety

According to the Petersburg Police Department's data reported to the FBI Crime Data Explorer, Petersburg had a violent crime rate of 1,070 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

FBI Crime Data Explorer
🚶 Getting around
Walk Score 65 · Somewhat Walkable

Getting Around Petersburg

According to Walk Score, the area around assisted properties in Petersburg scores 65 (Somewhat Walkable), with a Bike Score of 37. No Transit Score is available for this area.

These scores reflect conditions near the 5 assisted properties tracked on Lease Lantern and may not represent Petersburg as a whole.

Walk Score
🎓 Schools
11 schools · 5 districts

Schools

According to NCES Common Core of Data, 11 schools across 5 districts serve Petersburg, including 5 elementary, 1 middle, 3 high schools, and 2 other schools. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

NCES Common Core of Data
📊 Cost of living
$50,698 median income

Cost of Living

The median household income in Petersburg is $50,698 per year, according to Census ACS 5-Year estimates. The median gross rent in the city is $1,174 per month, also per Census ACS 5-Year data.

Affordable and income-based housing in Petersburg can help renters whose costs would otherwise strain a limited budget. Rents at HUD-assisted and income-restricted properties are typically capped as a percentage of your household income rather than set at market rate.

  • Median household income: $50,698/year (Census ACS 5-Year)
  • Median gross rent: $1,174/month (Census ACS 5-Year)
  • Share of households that rent: 61% (Census ACS 5-Year)
Census ACS 5-Year
🌊 Environment & risk

Environment & Flood Risk

All 5 HUD-assisted properties in Petersburg have been mapped for flood exposure. Of those, 1 property falls within a high-risk flood zone. If flood risk is a concern for your household, ask the property manager whether flood insurance or mitigation measures are in place before signing a lease.

FEMA · EPA AirNow
HUD Inspection Scoresavg 84/100(5 of 24 scored)
90+ (3)70–89 (1)<60 (1)No score (19)

24 properties on the map

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About Affordable Housing in Petersburg, VA

Petersburg is a majority-renter city, with 61 percent of households renting according to Census ACS 5-Year data. The city has 5 HUD-assisted or income-based properties covering 540 units, giving renters several options for affordable housing assistance.

The median asking rent in Petersburg is $1,174 per month and the median household income is $50,698 annually, both per Census ACS 5-Year data. For income-qualified renters, assisted housing can offer meaningful relief from market-rate costs.

Of the 5 properties with inspection scores on file, 3 rated excellent and 1 rated poor, suggesting quality can vary significantly depending on the specific property.

On walkability, Petersburg scores 65 ("Somewhat Walkable") and 37 for bikeability, according to Walk Score. Renters without a car should confirm transit and commute options for any specific address.

One of the 5 mapped properties carries a high flood-risk designation. Renters should ask landlords about flood history and renter's insurance requirements before signing a lease.

According to FBI Crime Data Explorer (2024), the Petersburg Police Department reported a violent crime rate of 224 per 100,000 residents. Prospective renters are encouraged to research specific neighborhoods and streets when evaluating a property.

Petersburg is served by 11 public schools across 5 districts, including 5 elementary, 1 middle, and 3 high schools, according to NCES Common Core of Data.

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