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Jackson, MI—49201

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$255,000
3.1% YoY Growth
Household Income
$71,700
27.6% YoY Growth
Days on Market
35
3.0% Shorter YoY
Home Price Forecast
1.2%
Median Rent
$950
0.0% YoY Growth
1-Bed Rent
$888
10.3% YoY Growth
2-Bed Rent
$1,050
11.8% YoY Growth
3-Bed Rent
$1,340
10.4% YoY Growth

Other Zip Codes in Jackson, MI

4920249203
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Jackson, MI

As of May '26, the median home price in Jackson, MI is $255,000, 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 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$255,0003.1%
Single Family $255,0003.2%
Condos $248,0001.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • $118,000
    -2.5%
    2 Bed
    $195,0002.1%
    3 Bed
    $264,0002.3%
    4 Bed
    $337,0003.1%
    5 Bed $380,7902.5%
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    % of Housing Stock

    Studio
    2.6%
    1 Bedroom
    10.8%
    2 Bedrooms
    19.6%
    3 Bedrooms
    44.1%
    4 Bedrooms
    19.0%
    5+ Bedrooms
    3.9%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.4%
    1 Bedroom
    32.7%
    2 Bedrooms
    32.6%
    3 Bedrooms
    22.8%
    4 Bedrooms
    5.6%

    Property Listings — Jackson, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Jackson, MI is 35. This is a decrease of -3.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $323,00010.0%
    Listing Count
    1643.0%
    Listings as % of Homes0.5%3.0%
    Days on Market
    35-3.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    49,1007.2%
    % Under 18
    18.1%-3.7%
    % Seniors
    17.6%14.3%
    % WFH
    10.6%194.4%
    % w/ College Degree
    23.3%13.7%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$255,000
    Median Household Income$71,700

    Jackson, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Jackson, MI

    49202

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    49272

    Frequently Asked Questions