Petal, MS 39465 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Petal, MS—39465

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$219,000

1.4% YoY Growth

Household Income

$73,800

26.7% YoY Growth

Days on Market

16.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$1,550

7.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$725

30.3% YoY Growth

3-Bed Rent

$1,550

0.0% YoY Growth

Home Price Trends — Petal, MS

As of Dec '25, the median home price in Petal, MS is $219,000, with a year-over-year change of 1.4%. This indicates that home prices in Petal, MS are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$219,000	1.4%
Single Family	$219,000	1.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Petal, MS

As of July '25, Rentcast reports the average rent in Petal, MS is $1,600, with a year-over-year rent change of 7.4%. Per bedroom, the median rent as of July '25 in Petal, MS is 2-bedrooms: $725, 3-bedrooms: $1,600, 4-bedrooms: $2,400. The most common rental property sizes in Petal, MS are 3-bedroom and 2-bedroom, accounting for 36.4% and 36.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,600
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$725	$725
3 Bed Rent	$1,550	$1,600
4 Bed Rent	$2,400	$2,400

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% of Rental Stock

1 Bedroom

13.9%

2 Bedrooms

36.2%

3 Bedrooms

36.4%

4 Bedrooms

5.7%

5+ Bedrooms

7.8%

Property Listings — Petal, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Petal, MS is 57. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$275,000	-9.0%
Listing Count	95	-4.0%
Listings as % of Homes	0.6%	-4.0%
Days on Market	64	-16.0%

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Demographics — Petal, MS

As of the latest ACS Survey released in 2023, Petal, MS has a population of 23,100, which has increased by 9.1% over the past 5 years. Petal, MS is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,100	9.1%
% Under 18	25.1%	-10.4%
% Seniors	14.1%	-4.7%
% WFH	2.8%	100.0%
% w/ College Degree	25.2%	-1.9%

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As of the latest ACS Survey released in 2023, Petal, MS is a predominantly white area, with 80.6% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Petal, MS is black, making up 12.8% of the population. Foreign-born residents account for 2.2% of the population in Petal, MS, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	80.6%	-0.1%
% Black	12.8%	3.2%
% Hispanic	2.7%	-37.2%
% Asian	0.7%	75.0%
% Foreign Born	2.2%	0.0%

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Mortgage and Risk — Petal, MS

According to HUD data as of 2023, there were 441 mortgage originations in Petal, MS, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Petal, MS. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	441
% Conventional Loans	65.0%
% Government Loans	35.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Petal, MS

Petal, MS lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	108
Total Units Section 8	76
% Rentals under Section 8	4.6%
% Occupied Section 8	79.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$920
2 Bedroom	$385	$725	$1,110
3 Bedroom	-$140	$1,550	$1,410
4 Bedroom	-$930	$2,400	$1,470

Petal, MS—39465

Key Metrics at a Glance

Home Price Trends — Petal, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Petal, MS

% of Rental Stock

Property Listings — Petal, MS

Demographics — Petal, MS

Race and Ethnicity

Mortgage and Risk — Petal, MS

Mortgages

Rentals and Section 8 — Petal, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Petal, MS

Home Price to Income Ratio

Petal, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Hattiesburg, MS

Sharon Acres

New Augusta, MS

Moselle, MS

Ovett, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$219,000
Median Household Income	$73,800

Petal, MS—39465

Key Metrics at a Glance

Home Price Trends — Petal, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Petal, MS

% of Rental Stock

Property Listings — Petal, MS

Demographics — Petal, MS

Race and Ethnicity

Mortgage and Risk — Petal, MS

Mortgages

Rentals and Section 8 — Petal, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Petal, MS

Home Price to Income Ratio

Petal, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Hattiesburg, MS

Sharon Acres

New Augusta, MS

Moselle, MS

Ovett, MS

Frequently Asked Questions

What is the average home price in Petal, MS 39465?

How have home prices in Petal, MS 39465 changed over the past year?

What is the home price projection for Petal, MS 39465?

What are the demographics of Petal, MS 39465?

How long does it take homes to sell in Petal, MS 39465?

What is the average rent price in Petal, MS 39465?