Safe Rate Local

Jackson

Learn about the people, housing, costs and businesses in Jackson

Median Home$193,930
Median Rent$1,112/month
Population611,324
Leading IndustryPublic Administration27% of local workforce
Home Value Growth⬆⬆+13.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners68% of occupied units
Jackson

Frequently Asked Questions

What are today's mortgage rates in Jackson?

Mortgage rates for Jackson are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Jackson?

The median home value in Jackson is $194k. The median monthly rent is $1,112. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jackson?

Home values in Jackson have increased 13.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Jackson?

Based on a typical all-in ownership cost of $1,061/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Jackson is $68k/year.

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What industries drive the economy in Jackson?

The largest employment sectors in Jackson are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.