According to statistics, the population in Petal, MS amounts to 10,669, which shows decline -1% compared to the previous year. The median age of the city’s residents is 36. The average household income is $56,467, shifting growth 5% from the past year, and the average property value in Petal, MS growth 1% to $137,600 throughout the year.
|Number Of Employees||4,684|
|Median Property Value||$137,600|
The average household income in Petal, MS grew from $53,834 to $56,467 in the past year. This data is an estimate based upon 3,773 households in Petal, MS . The chart below presents how household income is distributed in Petal, MS in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Petal, MS shifted from $136,100 to $137,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Petal, MS in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Petal, MS properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Petal, MS compared to median property taxes around the country. The prevalent amount of property taxes in Petal, MS equals $1150, which is less than the national average.
|Apartment Size||Oct||vs Last Month|
|1 bed for sale||$59,900||N/A|
|2 bed for sale||$99,250||N/A|
|3 bed for sale||$182,822||+21.1%|
|4+ bed for sale||$199,300||-40.7%|
During Oct 2021, the average price for an apartment in/near Petal, MS decreased by 38% to $165,393.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $59,900 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $99,250. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $182,822. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $199,300 for a big-family home.
|Listing Type||Oct||vs Last Month|
|Houses for sale||$165,400||-38%|
|Apartments for sale||$164,900||N/A|
While assessing the property pricing Petal, MS, you can note that it remains flat with a price tag of $164,900. According to statistics, average house is still $165,400 with no significant changes this month.
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