Jackson, MI—49203
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 $166,000, with a year-over-year change of 3.1%. This indicates that home prices in Jackson, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 3.1% |
| Single Family | $162,000 | 2.5% |
| Condos | $280,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $88,000 | -4.3% |
2 Bed | $133,000 | 1.5% |
3 Bed | $183,000 | 4.0% |
4 Bed | $224,000 | 3.7% |
| 5 Bed | $258,000 | 3.6% |
% 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 7.5%. Per bedroom, the median rent as of July '25 in Jackson, MI is 1-bedrooms: $797, 2-bedrooms: $1,090, 3-bedrooms: $1,510. The most common rental property sizes in Jackson, MI are 2-bedroom and 3-bedroom, accounting for 42.0% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $780 | $797 |
| 2 Bed Rent | $1,050 | $1,090 |
| 3 Bed Rent | $1,400 | $1,510 |
| 4 Bed Rent | N/A | N/A |
% 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 42. 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $184,000 | -8.0% |
Listing Count | 151 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 42 | 3.0% |
Demographics — Jackson, MI
As of the latest ACS Survey released in 2023, Jackson, MI has a population of 36,500, which has decreased by -5.5% over the past 5 years. Jackson, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,500 | -5.5% |
% Under 18 | 23.5% | -10.3% |
% Seniors | 18.5% | 17.8% |
% WFH | 7.8% | 178.6% |
% w/ College Degree | 22.8% | -3.0% |
As of the latest ACS Survey released in 2023, Jackson, MI is a predominantly white area, with 72.7% 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 14.6% of the population. Foreign-born residents account for 2.5% of the population in Jackson, MI, and this percentage has increased by 38.9% 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 | 72.7% | -4.8% |
% Black | 14.6% | 5.0% |
% Hispanic | 4.8% | -7.7% |
% Asian | 0.9% | 12.5% |
% Foreign Born | 2.5% | 38.9% |
Mortgage and Risk — Jackson, MI
According to HUD data as of 2023, there were 751 mortgage originations in Jackson, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, MI. Investor activity is low, as 2.0% 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 | 751 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Jackson, MI
Jackson, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 869 |
Total Units Section 8 | 741 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 87.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $780 | $960 |
| 2 Bedroom | $130 | $1,050 | $1,180 |
| 3 Bedroom | $160 | $1,400 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Jackson, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $166,000 |
| Median Household Income | $55,700 |