Petersburg, VA Profile: Facts & Data

Petersburg, Virginia - Basic Facts

The City of Petersburg had a population of 33,723 as of July 1, 2024.

The primary coordinate point for Petersburg is located at latitude 37.2279 and longitude -77.4019 in Petersburg (city) County. The formal boundaries for the City of Petersburg encompass a land area of 22.93 sq. miles and a water area of 0.24 sq. miles. Petersburg (city) County is in the Eastern time zone (GMT -5).

The City of Petersburg has a C7 Census Class Code which indicates an incorporated place that is independent of any county. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Petersburg, VA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	33,723 (100%)
Population in Households	33,208 (98.5%)
Population in Families	23,997 (71.2%)
Population in Group Quarters¹	515 ( 1.5%)
Population Density	1,484
Diversity Index²	49


INCOME
Median Household Income	$46,911
Average Household Income	$62,659
% of Income for Mortgage⁴	24%
Per Capita Income	$29,441
Wealth Index⁵	39
Socioeconomic Status Index⁶	Low (40.8)

HOUSING
Total HU (Housing Units)	18,420 (100%)
Owner Occupied HU	5,962 (32.4%)
Renter Occupied HU	9,864 (53.6%)
Vacant Housing Units	2,594 (14.1%)
Median Home Value	$181,263
Average Home Value	$220,522
Housing Affordability Index³	100

HOUSEHOLDS
Total Households	15,826
Average Household Size	2.10
Family Households	7,803
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

18,420 (100%)

Owner Occupied HU

5,962 (32.4%)

Renter Occupied HU

9,864 (53.6%)

Vacant Housing Units

2,594 (14.1%)

Median Home Value

$181,263

Average Home Value

$220,522

Housing Affordability Index³

100

HOUSEHOLDS

Total Households

15,826

Average Household Size

2.10

Family Households

7,803

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.19%	-0.13%
Households	0.67%	0.51%
Families		0.33%
Median Household Income		1.69%
Per Capita Income		3.19%
Owner Occupied HU		2.01%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.19%

-0.13%

Households

0.67%

0.51%

Families

0.33%

Median Household Income

1.69%

Per Capita Income

3.19%

Owner Occupied HU

2.01%

Petersburg, VA - Peer Comparisons by Rank and Percentile

The table below compares Petersburg to the other 688 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 34	95th
Population Density	# 196	72nd
Median Household Income	# 508	26th
Housing Affordability Index	# 416	60th
Per Capita Income	# 481	30th
Diversity Index	# 351	49th

Variable Description

Rank

Percentile

Total Population

# 34

95th

Population Density

# 196

72nd

Median Household Income

# 508

26th

Housing Affordability Index

# 416

60th

Per Capita Income

# 481

30th

Diversity Index

# 351

49th

Virginia Census Data Comparison Tool

Petersburg, VA Profile: Facts & Data

Petersburg, Virginia - Basic Facts

Petersburg, VA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Petersburg, VA - Peer Comparisons by Rank and Percentile

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Petersburg (city) County