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Jacksons Gap

Learn about the people, housing, costs and businesses in Jacksons Gap, Alabama

Median Home$275,847
Median Rent$723/month
Population754
Leading IndustriesRetail · Manufacturing · Professional Services18% retail
Home Value Growth⬆⬆+15.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners91% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Jacksons Gap
AL

Frequently Asked Questions

What are today's mortgage rates in Jacksons Gap?

As of today, the 30-year fixed mortgage rate for Jacksons Gap is approximately 6.859% (6.894% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Jacksons Gap?

The median home value in Jacksons Gap is $276k. The median monthly rent is $723. Annual property taxes average $716. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jacksons Gap?

Home values in Jacksons Gap have increased 15.2% 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 Jacksons Gap?

Based on a typical all-in ownership cost of $732/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Jacksons Gap is $74k/year.

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What industries drive the economy in Jacksons Gap?

The largest employment sectors in Jacksons Gap are public administration (19%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.