Why Live in Old Towne Petersburg
Old Towne Petersburg is a historic neighborhood characterized by cobblestone streets, notable landmarks, and a variety of eclectic storefronts. The Appomattox River forms its northern border, providing recreational opportunities like bass fishing, canoeing, and hiking along the Appomattox River Greenway trail. The area is undergoing rejuvenation with new shops and restaurants, while maintaining its historic charm. The neighborhood boasts a vibrant arts scene with organizations such as the Petersburg Area Art League, Walton Gallery, and Ward Center for Contemporary Art. Historic structures like the Appomattox Iron Works and twin Federal townhouses from 1815 coexist with modern establishments like the Buttery Baking House and Demolition Coffee. For nightlife, Trapezium Brewing Company and Old Towne’s Alibi offer vintage atmospheres and craft drinks. Housing styles include 19th-century Federal and Italianate row houses, Second Empire, traditional-style, and Colonial-inspired homes, many featuring colorful facades and eclectic finishes. Pocahontas Island, part of the neighborhood, is home to a historically Black community and the Pocahontas Black History Museum. The Appomattox Regional Governor’s School for the Arts and Technology is a highly rated magnet school in the area. Local attractions include the River Street Market and event spaces like the renovated Appomattox Iron Works and Petersburg Union Station. Commuters benefit from proximity to Interstate 95 and multiple bus lines operated by Petersburg Area Transit, with express routes to Richmond.
Frequently Asked Questions
Is Old Towne Petersburg a good place to live?
Old Towne Petersburg is a good place to live. Old Towne Petersburg is considered fairly walkable and somewhat bikeable. Old Towne Petersburg is a suburban neighborhood. Old Towne Petersburg has 6 parks for recreational activities. It is fairly sparse in population with 5.2 people per acre and a median age of 38. The average household income is $55,917 which is below the national average. College graduates make up 33.6% of residents. A majority of residents in Old Towne Petersburg are renters, with 83.6% of residents renting and 16.4% of residents owning their home. A
local real estate agent serving Old Towne Petersburg can help you decide if this neighborhood is the right one for you. Learn more on our
Old Towne Petersburg neighborhood guide.
Is Old Towne Petersburg, VA a safe neighborhood?
Old Towne Petersburg, VA is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Old Towne Petersburg?
The median home price in Old Towne Petersburg is $231,935. If you put a 20% down payment of $46,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,200 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $51K a year to afford the median home price in Old Towne Petersburg. The average household income in Old Towne Petersburg is $56K.
What are the best public schools in Old Towne Petersburg?
The best public schools that serve Old Towne Petersburg are:
What are the best private schools in Old Towne Petersburg?
The best private schools that serve Old Towne Petersburg are:
- Saint Joseph School has an A+ Niche grade, a student teacher ratio of 11:1 and an average review score of 5.0.
What are the most popular zip codes in Old Towne Petersburg, Petersburg, VA?
What are the most popular neighborhoods near Old Towne Petersburg, Petersburg, VA?
Home Trends in Old Towne Petersburg, VA
On average, homes in Old Towne Petersburg, Petersburg sell after 193 days on the market compared to the national average of 70 days. The median sale price for homes in Old Towne Petersburg, Petersburg over the last 12 months is $231,935.
Median Sale Price
$231,935
Median Single Family Sale Price
$231,935
Average Price Per Sq Ft
$157
Number of Homes for Sale
2
Last 12 months Home Sales
11
Median List Price
$231,935
Median Change From 1st List Price
0%