Jackson, MS—39202
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 $177,000, with a year-over-year change of 1.5%. This indicates that home prices in Jackson, MS are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 1.5% |
| Single Family | $179,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 5.4% |
3 Bed | $203,000 | 3.0% |
4 Bed | $303,000 | 7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jackson, MS
As of July '25, Rentcast reports the average rent in Jackson, MS is $1,290, with a year-over-year rent change of 11.2%. Per bedroom, the median rent as of July '25 in Jackson, MS is studios: $868, 1-bedrooms: $980, 2-bedrooms: $1,330, 3-bedrooms: $1,910, 4-bedrooms: $1,260. The most common rental property sizes in Jackson, MS are 1-bedroom and 2-bedroom, accounting for 51.5% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,290 |
| Studio Rent | $850 | $868 |
| 1 Bed Rent | $875 | $980 |
| 2 Bed Rent | $1,150 | $1,330 |
| 3 Bed Rent | $1,950 | $1,910 |
| 4 Bed Rent | $1,260 | $1,260 |
% 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 70. This is a decrease of -39.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $204,000 | 3.0% |
Listing Count | 33 | -7.0% |
| Listings as % of Homes | 0.6% | -7.0% |
Days on Market | 70 | -39.0% |
Demographics — Jackson, MS
As of the latest ACS Survey released in 2023, Jackson, MS has a population of 7,020, which has decreased by -12.4% over the past 5 years. Jackson, MS is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,020 | -12.4% |
% Under 18 | 16.3% | 28.3% |
% Seniors | 13.8% | 39.4% |
% WFH | 8.0% | 185.7% |
% w/ College Degree | 42.5% | -7.0% |
As of the latest ACS Survey released in 2023, Jackson, MS is a predominantly black area, with 54.1% of the population identifying as black. The black population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Jackson, MS is white, making up 41.1% of the population. Foreign-born residents account for 2.1% of the population in Jackson, MS, and this percentage has decreased by 8.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 41.1% | -9.1% |
% Black | 54.1% | 3.4% |
% Hispanic | 1.5% | 50.0% |
% Asian | 0.4% | -69.2% |
% Foreign Born | 2.1% | -8.7% |
Mortgage and Risk — Jackson, MS
According to HUD data as of 2023, there were 97 mortgage originations in Jackson, MS, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Jackson, MS. Investor activity is high, as 21.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 97 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 21.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Jackson, MS
As of 2024, the percent of homes in Jackson, MS under the Section 8 program is 6.7%. 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 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 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 210 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $875 | $900 |
| 2 Bedroom | -$90 | $1,150 | $1,060 |
| 3 Bedroom | -$670 | $1,950 | $1,280 |
| 4 Bedroom | $150 | $1,260 | $1,410 |
Affordability — Jackson, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $177,000 |
| Median Household Income | $41,200 |