Petal, MS—39465
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Petal, MS
As of Oct '25, the median home price in Petal, MS is $217,000, 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 -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 1.4% |
| Single Family | $217,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $117,000 | 2.6% |
3 Bed | $221,000 | 1.8% |
4 Bed | $313,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Petal, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Petal, MS is 55. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $277,000 | -8.0% |
Listing Count | 98 | -5.0% |
| Listings as % of Homes | 0.6% | -5.0% |
Days on Market | 55 | 20.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Petal, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $217,000 |
| Median Household Income | $73,800 |