Petal, MS Real Estate
According to census data in the year 2000 there were 3,232 housing units in Petal.
This represents a 1.6% growth from 3,180 in 1990.
Of those housing units, 2,926 were located in either urbanized areas or urban clusters, and 306 were located in what is classified as a rural area.
Homeownership rate in Petal is about 69%.
Petal's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Petal were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 10% |
| Two Bedrooms | 23.90% |
| Three Bedrooms | 56.90% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $61,900 |
| Median Price asked for vacant units | $47,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7% |
| Home Equity Loan | 3.70% |
| Simple Mortgage | 48.10% |
| Debt Free | 41.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
