Market Overview
Home Prices in Petal, MS
The median home value in Petal, MS is $228,761 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Petal are priced44% below average. Petal is part of the Hattiesburg, MS metro area.
Over the past five years, Petal home values have risen by approximately21.0%, reflecting strong long-term appreciation in this market.
Price History
Petal Home Price Trend
2020
$173,267
$173K
—
2021
$189,110
$189K
+9.1%
2022
$208,029
$208K
+10.0%
2023
$219,003
$219K
+5.3%
2024
$221,155
$221K
+1.0%
2025
$224,190
$224K
+1.4%
2026
$228,761
$229K
+2.0%
City Comparison
Petal vs. National Median
🏠 Petal
$228,761
National Median
$410,000
At $228,761, homes in Petal cost 44% below the national median of $410,000. This makes Petal a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Petal?
20% Down Payment
$45,752
on $228,761
Monthly P&I
$1,193/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,515/mo
incl. taxes & insurance
Income Needed
$60,600
gross annual (30% rule)
10% Down Option
$22,876
+ PMI applies
Loan Amount (20% dn)
$183,009
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Petal, MS?
The median home value in Petal is $228,761 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Petal?
Over the past year, home values in Petal have increased by 2%. Over five years, prices have risen approximately 21.0%.
How much do I need to earn to buy a home in Petal?
To comfortably afford the median home price of $228,761 with a 20% down payment ($45,752) at today's rates (6.8%), you'd need a gross annual income of approximately $60,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Petal compare to the national average home price?
The national median home value is approximately $410,000. At $228,761, homes in Petal are 44% below the national average.
What metro area is Petal part of?
Petal is part of the Hattiesburg, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.