Petersburg city, Virginia: commercial real estate data.
Petersburg city, Virginia had an estimated 34,058 residents on July 1, 2024, up 1.8 percent since the 2020 census base of 33,465, across 23 square miles. 707 establishments operate here, and the SBA record carries 20 7(a) approvals worth $6.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Petersburg city
How many people live in Petersburg city
- Population, American Community Survey 2020-202433,537
- Households15,138
- Average household size2.22
- Median household income$50,698
- Median age35.8
- Median gross rent$1,174 per month
- Median owner-occupied home value$189,000
- Home value to household income3.7 times
- Annual rent as a share of median income27.8 percent
- Adults 25 and over with a bachelor degree or higher25.4 percent
- Adults 25 and over with a graduate degree10.2 percent
- Adults 25 and over22,713
- Population under 188,002
- Share under 1823.9 percent
- Population 65 and over5,634
- Share 65 and over16.8 percent
- Working age population, 18 to 6419,901
- Civilian labor force16,075
- Unemployment rate10.0 percent
- Labor force participation, adults 18 and over63.0 percent
- Rank by population among Virginia independent cities53rd of 133
- Rank by population among US county-equivalents, Puerto Rico included1384th of 3,222
Petersburg city is the 53rd largest of 133 Virginia independent cities by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 23.9 percent against 16.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Petersburg city
Is Petersburg city's population growing?
- Population, July 1, 202434,058
- Census 2020 base population33,465
- Population change since the 2020 census base1.77 percent
- Population change, 2023 to 2024730
- Births, 2024703
- Deaths, 2024643
- Natural change, 202460
- Net domestic migration, 2024583
- Net international migration, 202492
- Total net migration, 2024675
- Cumulative net domestic migration, 2021 to 2024137
- Rank by growth among US county-equivalents1254th of 3,144
The county has grown 1.77 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Petersburg city
Where are people moving to Petersburg city from?
- Tax returns filed by households arriving1,736
- People arriving, from those returns2,962
- Tax returns filed by households leaving1,813
- Net household movement-77
- Adjusted gross income arriving$63.7 m
- Net adjusted gross income movement$-7.6 m
- Average income of an arriving household$36,677
- Average income of a leaving household$39,309
- Largest single originChesterfield County (305 households)
- Largest single destinationChesterfield County (364 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Chesterfield County | 305 | 525 | $12.8 m |
| Richmond city | 140 | 241 | $4.7 m |
| Prince George County | 134 | 249 | $5.1 m |
| Hopewell city | 119 | 223 | $2.9 m |
| Henrico County | 115 | 186 | $3.8 m |
| Dinwiddie County | 87 | 157 | $2.7 m |
| Colonial Heights city | 83 | 139 | $3.5 m |
| Sussex County | 24 | 49 | $854,000 |
Households arriving report $2,632 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Chesterfield County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Petersburg city
Employment by industry in Petersburg city
- Covered employment, annual average11,753
- Establishments reporting996
- Average annual pay$53,542
- Average weekly wage$1,030
- Health care and social assistance, employment3,794
- Health care and social assistance, average annual pay$58,406
- Retail trade, employment1,237
- Retail trade, average annual pay$33,005
- Manufacturing, employment944
- Manufacturing, average annual pay$79,666
- Administrative and support and waste management services, employment720
- Administrative and support and waste management services, average annual pay$38,241
- Other services, except public administration, employment575
- Wholesale trade, employment293
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 3,794 | 361 | $58,406 |
| Retail trade | 1,237 | 134 | $33,005 |
| Manufacturing | 944 | 26 | $79,666 |
| Administrative and support and waste management services | 720 | 44 | $38,241 |
| Other services, except public administration | 575 | 80 | $41,514 |
| Wholesale trade | 293 | 26 | $73,491 |
| Real estate and rental and leasing | 146 | 33 | $59,169 |
| Finance and insurance | 122 | 24 | $68,055 |
Health care and social assistance is the largest private sector at 3,794 jobs, 32.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Petersburg city
How many businesses are in Petersburg city?
- Establishments, all industries707
- Employment at those establishments11,824
- Annual payroll$643.7 m
- Establishments per 1,000 residents21.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Petersburg city
Building permits in Petersburg city
- Housing units authorized by permit, 2024135
- Declared construction value permitted$30.8 m
- Single family units authorized51
- Multifamily units authorized84
- Multifamily share of units62.2 percent
- Average declared value per unit$227,967
- Units authorized per 1,000 households8.9
Multifamily is 62.2 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Petersburg city
SBA loans in Petersburg city (7(a) and 504)
- 7(a) approvals recorded20
- 7(a) gross approval dollars$6.3 m
- Average 7(a) approval$314,800
- Median 7(a) approval$175,000
- 10th percentile approval$38,760
- 90th percentile approval$883,900
- Largest single approval$1,099,000
- Jobs reported supported, 7(a)133
- Jobs per approval6.7
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals16
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter14
- Franchise loans1
- Franchise share of approvals5.0 percent
- 504 approvals recorded7
- 504 gross approval dollars$5.3 m
- Average 504 approval$751,429
- Median 504 approval$290,000
- Distinct CDCs active1
- 504 jobs per approval9.6
- 504 jobs per million dollars approved12.7
- Most active CDC504 Capital Corporation (7)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$11.6 m
The average approval of $314,800 sits well above the median of $175,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 25.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Petersburg city
SBA loan default and charge-off rates in Petersburg city
Do SBA loans in Petersburg city get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure14
- Status: Cancelled4
Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Petersburg city
SBA lending by place in Petersburg city
- Borrower cities with recorded lending2
- Petersburg, approvals19
- North Dinwiddie, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Petersburg | 19 | $6,281,000 |
| North Dinwiddie | 1 | $15,000 |
Petersburg accounts for 19 approvals against 1 in North Dinwiddie. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Petersburg city
How large is Petersburg city?
- Land area23 sq mi
- Rank by land area among Virginia independent cities107th of 133
- Width, east to west3.9 mi
- Height, north to south5.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land1,458
- Establishments per square mile30.74
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Petersburg city
Flood risk in Petersburg city
- Participation of the county's own NFIP community Petersburg, city ofParticipating, community 510112
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Petersburg city, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, the City of Petersburg (community 510112), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Petersburg city in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Petersburg city site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Petersburg city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202433,537
- Households15,138
- Average household size2.22
- Median household income$50,698
- Median age35.8
Common questions
Petersburg city questions, answered from the record.
How many people live in Petersburg city, Virginia?
The Census Bureau estimates 34,058 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 33,537, in 15,138 households, ranking 53rd of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Petersburg city's population growing?
The population has grown 1.77 percent since the 2020 census base of 33,465, to 34,058 on July 1, 2024. In 2024 there were 703 births against 643 deaths, with net migration of 675. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Petersburg city?
$50,698. The median owner-occupied home is valued at $189,000, which is 3.7 times income, and median gross rent is $1,174 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Petersburg city?
707 establishments, employing 11,824 people with an annual payroll of $643.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Petersburg city?
Health care and social assistance is the largest private sector at 3,794 jobs, 32.3 percent of covered employment. Covered employment averages 11,753 jobs at an average annual pay of $53,542, or $1,030 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Petersburg city?
20 7(a) approvals totaling $6.3 m since FY2020, across 16 lenders, with a median approval of $175,000, plus 7 504 approvals worth $5.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Petersburg city?
135 housing units were authorized by permit in 2024, with a declared construction value of $30.8 m. Multifamily was 62.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Petersburg city?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Petersburg city come from?
The largest single origin is Chesterfield County, with 305 households. Arriving households report an average income of $36,677 against $39,309 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Petersburg city on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Petersburg city?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
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