The typical owner-occupied home in Petersburg is worth about $72,700, 74% below the Texas median of $283,800 and 78% below the national median of $332,700. Owners pay a median $807 a year in property taxes, about 1.11% of their home's value, lower than the Texas rate of 1.49%. The median household earns $51,250 a year, so the median home costs 1.4 times the median income (3.6 times for Texas). 65% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Petersburg at a glance
| Petersburg | Texas | U.S. | |
|---|---|---|---|
| Median home value | $72,700 | $283,800 | $332,700 |
| Median property tax paid per year | $807 | $4,232 | $3,119 |
| Property tax as a share of value | 1.11% | 1.49% | 0.94% |
| Median household income | $51,250 | $78,476 | $80,734 |
| Homes lived in by their owners | 65% | 63% | 65% |
| Owner homes with a mortgage | 11% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 21.7% | 21.0% |
| Median rent | $642 | $1,403 | $1,413 |
| Rent as a share of renters' income | 27.4% | 30.9% | 30.6% |
| Median year homes were built | 1966 | 1992 | 1980 |
| Vacant homes | 32.1% | 9.4% | 10.1% |
| Population | 699 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Petersburg
At this week's average 30-year rate of 7.11%, buying the median Petersburg home of $72,700 with 20% down costs about $489 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $610, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $20,948 for the 20%-down payment. That payment is 11% of the median Petersburg household income of $51,250; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $642 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,540 |
|---|---|
| Loan amount | $58,160 |
| Principal and interest | $391 |
| Property taxes (1.11% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $489 |
Change the numbers in the calculator
| Down payment | $2,544 |
|---|---|
| Loan amount | $71,383 |
| Principal and interest | $480 |
| Property taxes (1.11% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $610 |
Change the numbers in the calculator
Questions about home buying in Petersburg
What is the median home value in Petersburg?
About $72,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Petersburg?
Homeowners pay a median $807 a year, which is about 1.11% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Petersburg?
For the median home with 20% down at 7.11%, the payment is about $489 a month. Keeping that under 28% of gross income takes about $20,948 a year.
More about Petersburg
- Mortgage Refinance in Petersburg
- Debt Relief in Petersburg
- Home Equity Loans in Petersburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data