Jackson MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Jackson, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Jackson Housing Market Information

With a population of 32,605, 1,782 total housing units (homes and apartments), and a median house value of $63,058, house prices in Jackson are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Jackson, accounting for 65.27% of the city's housing units. Other types of housing that are prevalent in Jackson include large apartment complexes or high rise apartments ( 15.53%), duplexes, homes converted to apartments or other small apartment buildings ( 7.00%), and a few mobile homes or trailers ( 4.82%).

The most prevalent building size and type in Jackson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.65% owning and 35.89% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jackson's housing was primarily built during this period, from the '40s through the '60s. A full 33.13% of the city's housing hails from this era. Other housing ages represented in Jackson include homes built before 1939 ( 26.16%) and housing constructed between 1970-1999 ( 25.99%). There's also some housing in Jackson built between 2000 and later ( 9.27%).

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 1.19%, which is lower than 70% of US communities.

Over the last year, Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Jackson's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jackson were at -0.24%, which equates to an annual appreciation rate of -0.96%.

Notably, Jackson's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Jackson's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

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 2000, to assist you in making the best Jackson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$63,058

Jackson, MI HOME PRICES

Value Range
> $1,161,000 0.2
$871,001 - $1,161,000 0.0
$581,001 - $871,000 0.2
$464,001 - $581,000 0.1
$349,001 - $464,000 0.8
$233,001 - $349,000 2.8
$116,001 - $233,000 12.0
$58,001 - $116,000 51.7
$0 - $58,000 32.2

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
98.1080291970803 97.7564102564102

Number Of Homes And Apartments:
1,782

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
3.67% 0.18%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$859 / per month

Homeownership Rate

Homeownership
Owners 58.65
Renters 35.89
Vacant 9.94

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 9.3
1970 - 1999 26.0
1940 - 1969 33.1
1939 or Older 26.2

Types of Homes

TYPE OF Jackson HOMES
Single-Family 65.3
Townhomes 1.9
Small Apt. Buildings 7.0
Apt. Complexes 15.5
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 2.11
1 Bedroom 9.81
2 Bedrooms 28.87
3 Bedrooms 37.58
4 Bedrooms 13.34
5 or more bedrooms 2.82