Jackson, TN—38301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jackson, TN
As of Oct '25, the median home price in Jackson, TN is $132,000, with a year-over-year change of -1.5%. This indicates that home prices in Jackson, TN are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | -1.5% |
| Single Family | $132,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $180,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jackson, TN
As of July '25, Rentcast reports the average rent in Jackson, TN is $1,150, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Jackson, TN is studios: $675, 1-bedrooms: $849, 2-bedrooms: $1,040, 3-bedrooms: $1,520, 4-bedrooms: $1,550. The most common rental property sizes in Jackson, TN are 2-bedroom and 3-bedroom, accounting for 40.6% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,150 |
| Studio Rent | $675 | $675 |
| 1 Bed Rent | $825 | $849 |
| 2 Bed Rent | $915 | $1,040 |
| 3 Bed Rent | $1,500 | $1,520 |
| 4 Bed Rent | $1,650 | $1,550 |
% of Rental Stock
Property Listings — Jackson, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Jackson, TN is 56. This is a decrease of -2.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | 5.0% |
Listing Count | 141 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 56 | -2.0% |
Demographics — Jackson, TN
As of the latest ACS Survey released in 2023, Jackson, TN has a population of 33,300, which has remained stable by 0.5% over the past 5 years. Jackson, TN is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,300 | 0.5% |
% Under 18 | 22.7% | 2.3% |
% Seniors | 16.2% | 3.2% |
% WFH | 7.1% | 163.0% |
% w/ College Degree | 16.1% | 8.8% |
As of the latest ACS Survey released in 2023, Jackson, TN is a predominantly black area, with 50.2% of the population identifying as black. The black population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Jackson, TN is white, making up 41.6% of the population. Foreign-born residents account for 2.7% of the population in Jackson, TN, and this percentage has increased by 68.8% 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 | 41.6% | -8.0% |
% Black | 50.2% | -0.8% |
% Hispanic | 4.4% | 144.4% |
% Asian | 0.2% | -75.0% |
% Foreign Born | 2.7% | 68.8% |
Mortgage and Risk — Jackson, TN
According to HUD data as of 2023, there were 441 mortgage originations in Jackson, TN, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, TN. Investor activity is low, as 15.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 441 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 15.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Jackson, TN
As of 2024, the percent of homes in Jackson, TN under the Section 8 program is 20.5%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Jackson, TN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,097 |
Total Units Section 8 | 1,443 |
% Rentals under Section 8 | 20.5% |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $825 | $870 |
| 2 Bedroom | $225 | $915 | $1,140 |
| 3 Bedroom | $40 | $1,500 | $1,540 |
| 4 Bedroom | -$110 | $1,650 | $1,540 |
Affordability — Jackson, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $132,000 |
| Median Household Income | $40,100 |