Jackson, MS—39206
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 $99,000, with a year-over-year change of 7.0%. 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 | $99,000 | 7.0% |
| Single Family | $98,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $59,000 | 5.4% |
3 Bed | $89,000 | 8.5% |
4 Bed | $152,000 | 8.6% |
| 5 Bed | $204,000 | 9.1% |
% of Housing Stock
Rental Trends — Jackson, MS
As of July '25, Rentcast reports the average rent in Jackson, MS is $1,280, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Jackson, MS is 1-bedrooms: $1,200, 2-bedrooms: $1,120, 3-bedrooms: $1,290, 4-bedrooms: $1,500. The most common rental property sizes in Jackson, MS are 2-bedroom and 3-bedroom, accounting for 38.5% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,200 |
| 2 Bed Rent | $1,000 | $1,120 |
| 3 Bed Rent | $1,250 | $1,290 |
| 4 Bed Rent | $1,500 | $1,500 |
% 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 66. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | -4.0% |
Listing Count | 75 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 66 | -5.0% |
Demographics — Jackson, MS
As of the latest ACS Survey released in 2023, Jackson, MS has a population of 21,900, which has decreased by -11.3% over the past 5 years. Jackson, MS is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | -11.3% |
% Under 18 | 22.4% | -7.8% |
% Seniors | 16.8% | 20.0% |
% WFH | 13.1% | 670.6% |
% w/ College Degree | 28.4% | -8.1% |
As of the latest ACS Survey released in 2023, Jackson, MS is a predominantly black area, with 85.6% of the population identifying as black. The black population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Jackson, MS is white, making up 9.5% of the population. Foreign-born residents account for 1.7% of the population in Jackson, MS, and this percentage has increased by 112.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 9.5% | -7.8% |
% Black | 85.6% | -3.1% |
% Hispanic | 3.1% | 416.7% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 1.7% | 112.5% |
Mortgage and Risk — Jackson, MS
According to HUD data as of 2023, there were 200 mortgage originations in Jackson, MS, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, MS. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 200 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Jackson, MS
As of 2024, the percent of homes in Jackson, MS under the Section 8 program is 21.0%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Jackson, MS, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,136 |
Total Units Section 8 | 1,074 |
% Rentals under Section 8 | 21.0% |
% Occupied Section 8 | 86.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,090 | $1,040 |
| 2 Bedroom | $220 | $1,000 | $1,220 |
| 3 Bedroom | $220 | $1,250 | $1,470 |
| 4 Bedroom | $120 | $1,500 | $1,620 |
Affordability — Jackson, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $99,000 |
| Median Household Income | $41,600 |