Jackson, MI—49201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jackson, MI
As of Oct '25, the median home price in Jackson, MI is $246,000, with a year-over-year change of 1.9%. This indicates that home prices in Jackson, MI are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 1.9% |
| Single Family | $246,000 | 2.1% |
| Condos | $235,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $115,000 | -2.5% |
2 Bed | $187,000 | 3.3% |
3 Bed | $254,000 | 3.7% |
4 Bed | $323,000 | 3.5% |
| 5 Bed | $364,000 | 3.4% |
% of Housing Stock
Rental Trends — Jackson, MI
As of July '25, Rentcast reports the average rent in Jackson, MI is $1,150, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Jackson, MI is studios: $798, 1-bedrooms: $849, 2-bedrooms: $1,040, 3-bedrooms: $1,380, 4-bedrooms: $2,100. The most common rental property sizes in Jackson, MI are 1-bedroom and 2-bedroom, accounting for 32.7% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,150 |
| Studio Rent | $750 | $798 |
| 1 Bed Rent | $888 | $849 |
| 2 Bed Rent | $1,050 | $1,040 |
| 3 Bed Rent | $1,340 | $1,380 |
| 4 Bed Rent | $1,800 | $2,100 |
% of Rental Stock
Property Listings — Jackson, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Jackson, MI is 45. This is a increase of 3.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $353,000 | 21.0% |
Listing Count | 145 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 45 | 3.0% |
Demographics — Jackson, MI
As of the latest ACS Survey released in 2023, Jackson, MI has a population of 49,100, which has increased by 7.2% over the past 5 years. Jackson, MI is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,100 | 7.2% |
% Under 18 | 18.1% | -3.7% |
% Seniors | 17.6% | 14.3% |
% WFH | 10.6% | 194.4% |
% w/ College Degree | 23.3% | 13.7% |
As of the latest ACS Survey released in 2023, Jackson, MI is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Jackson, MI is black, making up 9.3% of the population. Foreign-born residents account for 2.9% of the population in Jackson, MI, and this percentage has increased by 52.6% 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 | 80.5% | -2.9% |
% Black | 9.3% | -7.0% |
% Hispanic | 5.2% | 73.3% |
% Asian | 0.8% | -27.3% |
% Foreign Born | 2.9% | 52.6% |
Mortgage and Risk — Jackson, MI
According to HUD data as of 2023, there were 609 mortgage originations in Jackson, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 609 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Jackson, MI
As of 2024, the percent of homes in Jackson, MI under the Section 8 program is 11.7%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Jackson, MI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 815 |
Total Units Section 8 | 483 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $22 | $888 | $910 |
| 2 Bedroom | $60 | $1,050 | $1,110 |
| 3 Bedroom | $130 | $1,340 | $1,470 |
| 4 Bedroom | -$160 | $1,800 | $1,640 |
Affordability — Jackson, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $246,000 |
| Median Household Income | $71,700 |