Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Petersburg

Learn about the people, housing, costs and businesses in Petersburg, Texas

Median Home$77,400
Median Rent$640/month
Population767
Leading IndustriesTransportation · Agriculture & Mining · Construction5% transportation
Home Value Growth+7.5% over 2 years
Retirees21% of residentsnear the national average
Homeowners65% of occupied units
NotableAffordable Market$77k median home · lower cost than 98% of the country
Petersburg
TX

Frequently Asked Questions

What are today's mortgage rates in Petersburg?

As of today, the 30-year fixed mortgage rate for Petersburg is approximately 7.625% (7.749% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Petersburg
What is the median home price in Petersburg?

The median home value in Petersburg is $77k. The median monthly rent is $640. Annual property taxes average $967. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Petersburg?

Home values in Petersburg have increased 7.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Petersburg?

Based on a typical all-in ownership cost of $570/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Petersburg is $55k/year.

Calculate your buying power
What industries drive the economy in Petersburg?

The largest employment sectors in Petersburg are public administration (24%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.