The housing market in Petal, MS is a strong one that has appreciated significantly over the past year. The median housing value in Petal currently stands at $188,000, which is considerably lower than the United States' median of $338,100. However, this does not reflect the fact that house values have grown by 12.12% in Petal over a one-year period, much higher than the national average of 8.27%. These numbers indicate that there are still great opportunities to be found from buying or investing in property in Petal.
The median home cost in Petal is $188,000. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Petal is up 11.8%.
Average Age of Homes
- The median age of Petal real estate is 39 years old
The Rental Market in Petal
- Renters make up 26.1% of the Petal population
- 0.6% of houses and apartments in Petal, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.