Jackson, MI—49202
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 $135,000, with a year-over-year change of 3.2%. This indicates that home prices in Jackson, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | 3.2% |
| Single Family | $136,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $89,000 | 3.5% |
2 Bed | $115,000 | 1.8% |
3 Bed | $143,000 | 2.1% |
4 Bed | $155,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jackson, MI
As of July '25, Rentcast reports the average rent in Jackson, MI is $1,060, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Jackson, MI is studios: $722, 1-bedrooms: $783, 2-bedrooms: $1,140, 3-bedrooms: $1,310, 4-bedrooms: $1,800. The most common rental property sizes in Jackson, MI are 2-bedroom and 1-bedroom, accounting for 48.4% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,060 |
| Studio Rent | $569 | $722 |
| 1 Bed Rent | $800 | $783 |
| 2 Bed Rent | $1,080 | $1,140 |
| 3 Bed Rent | $1,350 | $1,310 |
| 4 Bed Rent | $1,800 | $1,800 |
% 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 52. This is a increase of 26.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $127,000 | -5.0% |
Listing Count | 70 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 52 | 26.0% |
Demographics — Jackson, MI
As of the latest ACS Survey released in 2023, Jackson, MI has a population of 18,800, which has decreased by -1.5% over the past 5 years. Jackson, MI is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | -1.5% |
% Under 18 | 24.6% | 4.7% |
% Seniors | 17.7% | 9.3% |
% WFH | 4.4% | 120.0% |
% w/ College Degree | 15.0% | 15.4% |
As of the latest ACS Survey released in 2023, Jackson, MI is a predominantly white area, with 75.1% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Jackson, MI is black, making up 9.9% of the population. Foreign-born residents account for 2.9% of the population in Jackson, MI, and this percentage has increased by 11.5% 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 | 75.1% | -4.8% |
% Black | 9.9% | -7.5% |
% Hispanic | 4.8% | -4.0% |
% Asian | 1.1% | -26.7% |
% Foreign Born | 2.9% | 11.5% |
Mortgage and Risk — Jackson, MI
According to HUD data as of 2023, there were 307 mortgage originations in Jackson, MI, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, MI. Investor activity is low, as 4.0% 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 | 307 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Jackson, MI
As of 2024, the percent of homes in Jackson, MI under the Section 8 program is 17.4%. 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. 1-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 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 809 |
Total Units Section 8 | 690 |
% Rentals under Section 8 | 17.4% |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $800 | $840 |
| 2 Bedroom | -$50 | $1,080 | $1,030 |
| 3 Bedroom | $20 | $1,350 | $1,370 |
| 4 Bedroom | -$280 | $1,800 | $1,520 |
Affordability — Jackson, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $135,000 |
| Median Household Income | $41,900 |