Jackson, MS—39204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jackson, MS
As of Oct '25, the median home price in Jackson, MS is $42,000, with a year-over-year change of 4.9%. This indicates that home prices in Jackson, MS are increasing. 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 | $42,000 | 4.9% |
| Single Family | $42,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $29,000 | 3.6% |
3 Bed | $44,000 | 2.3% |
4 Bed | $62,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jackson, MS
As of July '25, Rentcast reports the average rent in Jackson, MS is $1,000, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Jackson, MS is 1-bedrooms: $763, 2-bedrooms: $927, 3-bedrooms: $1,130, 4-bedrooms: $1,280. The most common rental property sizes in Jackson, MS are 2-bedroom and 3-bedroom, accounting for 43.6% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $763 |
| 2 Bed Rent | $900 | $927 |
| 3 Bed Rent | $1,120 | $1,130 |
| 4 Bed Rent | $1,230 | $1,280 |
% of Rental Stock
Property Listings — Jackson, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Jackson, MS is 76. This is a increase of 8.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $60,400 | 10.0% |
Listing Count | 82 | 51.0% |
| Listings as % of Homes | 0.7% | 51.0% |
Days on Market | 76 | 8.0% |
Demographics — Jackson, MS
As of the latest ACS Survey released in 2023, Jackson, MS has a population of 14,000, which has decreased by -20.2% over the past 5 years. Jackson, MS is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | -20.2% |
% Under 18 | 25.7% | -22.8% |
% Seniors | 11.4% | 39.0% |
% WFH | 4.6% | 283.3% |
% w/ College Degree | 15.6% | 10.6% |
As of the latest ACS Survey released in 2023, Jackson, MS is a predominantly black area, with 90.2% of the population identifying as black. The black population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Jackson, MS is white, making up 4.6% of the population. Foreign-born residents account for 1.9% of the population in Jackson, MS, and this percentage has decreased by 17.4% 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 | 4.6% | -41.8% |
% Black | 90.2% | 0.8% |
% Hispanic | 2.6% | 44.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.9% | -17.4% |
Mortgage and Risk — Jackson, MS
According to HUD data as of 2023, there were 41 mortgage originations in Jackson, MS, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, MS. Investor activity is high, as 32.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 32.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Jackson, MS
As of 2024, the percent of homes in Jackson, MS under the Section 8 program is 30.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Jackson, MS, 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 | 1,247 |
Total Units Section 8 | 1,186 |
% Rentals under Section 8 | 30.9% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $750 | $880 |
| 2 Bedroom | $130 | $900 | $1,030 |
| 3 Bedroom | $120 | $1,120 | $1,240 |
| 4 Bedroom | $140 | $1,230 | $1,370 |
Affordability — Jackson, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $42,000 |
| Median Household Income | $31,700 |