Jackson, TN—38305
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jackson, TN
As of Oct '25, the median home price in Jackson, TN is $274,000, with a year-over-year change of -0.8%. This indicates that home prices in Jackson, TN are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | -0.8% |
| Single Family | $274,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | -1.2% |
3 Bed | $250,000 | -0.8% |
4 Bed | $376,000 | 0.3% |
| 5 Bed | $523,000 | 1.0% |
% of Housing Stock
Rental Trends — Jackson, TN
As of July '25, Rentcast reports the average rent in Jackson, TN is $1,430, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Jackson, TN is 1-bedrooms: $1,050, 2-bedrooms: $993, 3-bedrooms: $1,910, 4-bedrooms: $1,900. The most common rental property sizes in Jackson, TN are 2-bedroom and 3-bedroom, accounting for 44.9% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $1,050 |
| 2 Bed Rent | $935 | $993 |
| 3 Bed Rent | $1,800 | $1,910 |
| 4 Bed Rent | $1,750 | $1,900 |
% of Rental Stock
Property Listings — Jackson, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Jackson, TN is 62. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -6.0% |
Listing Count | 303 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 62 | 14.0% |
Demographics — Jackson, TN
As of the latest ACS Survey released in 2023, Jackson, TN has a population of 53,400, which has increased by 1.3% over the past 5 years. Jackson, TN is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 32.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,400 | 1.3% |
% Under 18 | 23.5% | -0.8% |
% Seniors | 17.2% | 15.4% |
% WFH | 9.1% | 250.0% |
% w/ College Degree | 32.1% | -6.7% |
As of the latest ACS Survey released in 2023, Jackson, TN is a predominantly white area, with 57.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Jackson, TN is black, making up 31.7% of the population. Foreign-born residents account for 4.3% of the population in Jackson, TN, and this percentage has decreased by 2.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.0% | -2.1% |
% Black | 31.7% | -3.9% |
% Hispanic | 5.5% | -3.5% |
% Asian | 1.7% | 30.8% |
% Foreign Born | 4.3% | -2.3% |
Mortgage and Risk — Jackson, TN
According to HUD data as of 2023, there were 1113 mortgage originations in Jackson, TN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, TN. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,113 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Jackson, TN
As of 2024, the percent of homes in Jackson, TN under the Section 8 program is 14.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Jackson, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,211 |
Total Units Section 8 | 1,161 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $975 | $1,020 |
| 2 Bedroom | $405 | $935 | $1,340 |
| 3 Bedroom | $10 | $1,800 | $1,810 |
| 4 Bedroom | $60 | $1,750 | $1,810 |
Affordability — Jackson, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $274,000 |
| Median Household Income | $66,300 |