Jackson, Mississippi Housing Market Prices
Jackson Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 42% below the Mississippi median$75,050
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Median rent 11% above the Mississippi median$1,056
Housing Market Overview
| Metric | Jackson | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,050 | $130,069 | $248,835 |
| Price Trend (Annual %) | -2.7% | 5.6% | 7.5% |
| Median Gross Rent | $1,056 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson is about 42% lower than in Mississippi. Rent is about 11% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Jackson: home prices fell about 2.7% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in Jackson rose about 39.3% between 2015 and 2024, from $758 to $1,056. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Jackson.
Buying the median-priced home in Jackson costs roughly 5.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Jackson. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Jackson | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,050 | $130,069 | $248,835 |
| Median Household Income | $42,786 | $56,669 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jackson fell about 26.1%, while median household income rose about 24.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Jackson | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.3% | 59.8% | 58.5% |
| Rental Rate | 41.9% | 25.6% | 31.2% |
| Vacancy Rate | 17.8% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Jackson has a homeownership rate of 40.3%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 17.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Jackson | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1970 | 1986 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Jackson was built around 1970. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson, Mississippi.
What is the median home price in Jackson, Mississippi?
The median home price in Jackson, Mississippi is $75,050, lower than the Mississippi average of $130,069.
What is the average home price in Jackson, Mississippi?
The typical home price in Jackson, Mississippi, reported as the median sale price, is $75,050. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Jackson, Mississippi?
The median gross rent in Jackson, Mississippi is $1,056 per month, higher than the Mississippi average of $954.
What was the median gross rent in Jackson in 2020?
In 2020, the median gross rent in Jackson, Mississippi was $856 per month.
What is the price-to-rent ratio in Jackson, Mississippi?
The price-to-rent ratio in Jackson, Mississippi is about 5.9, meaning it would take roughly 5.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Jackson.
Are home prices or rent rising faster in Jackson, Mississippi?
Home prices and rent are moving in opposite directions in Jackson: home prices fell about 2.7% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Jackson, Mississippi?
40.3% of households in Jackson, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Jackson, Mississippi?
The housing vacancy rate in Jackson, Mississippi is 17.8%, higher than the Mississippi average of 14.6%.
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