Jackson appreciation rates and housing market information

Jackson housing market information

With 59,673 people, 25,538 houses or apartments, and a median cost of homes of $113,605, house prices in Jackson are solidly below the national average.

single-family detached homes are the single most common housing type in Jackson, accounting for 63.71% of the city's housing units. Other types of housing that are prevalent in Jackson include duplexes, homes converted to apartments, or other small apartment buildings (17.37%), large apartment complexes or high rise apartments (14.50%), mobile homes or trailers (2.47%), and a few row houses and other attached homes (1.91%).

The most prevalent building size and type in Jackson are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.08% owning, and 40.02% renting.

There is a lot of housing in Jackson built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Jackson built from 1940-1969 (34.07%). A lesser amount of the housing stock also hails from 1995 and later (14.35%), and some were built from 1939 and earlier (14.35%).

Jackson home appreciation rates

Jackson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jackson during the period has been just 5.02%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Jackson home appreciation rates, at 2.40%, have been at or slightly above the national average. In the latest quarter, Jackson's appreciation rate has been 1.74%, which annualizes to a rate of 6.96%.

Importantly, this makes Jackson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Tennessee, our data show that Jackson's latest annual appreciation rate is higher than 30% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jackson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jackson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Jackson real estate investment or home purchase decisions.