Jackson, TN Real Estate Market

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jackson, TN Housing Market Trends

With 67,191 people, 25,896 houses or apartments, and a median cost of homes of $131,549, 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 70.24% of the city's housing units. Other types of housing that are prevalent in Jackson include large apartment complexes or high rise apartments ( 13.30%), duplexes, homes converted to apartments or other small apartment buildings ( 11.89%), and a few mobile homes or trailers ( 2.35%).

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 49.46% owning and 50.54% renting.

There is a lot of housing in Jackson built from 1970 to 1999 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 between 1940-1969 ( 28.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.37%). There's also some housing in Jackson built before 1939 ( 7.26%).

Vacant housing appears to be an issue in Jackson. Fully 12.91% of the housing stock is classified as vacant. Left unchecked, vacant Jackson homes and apartments can be a drag on the real estate market, holding Jackson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Jackson Home Appreciation Rates

Real estate appreciation rates in Jackson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.24% during the period.

NeighborhoodScout's data show that during the latest twelve months, Jackson's appreciation rate, at 5.95%, has been at or slightly above the national average. In the latest quarter, Jackson's appreciation rate has been 1.54%, which annualizes to a rate of 6.31%.

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

Relative to Tennessee, our data show that Jackson's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Jackson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$131,549

Jackson, TN HOME PRICES

> $1,180,000
0.3%
0.3%
$885,001 - $1,180,000
0.4%
0.4%
$590,001 - $885,000
1.4%
1.4%
$472,001 - $590,000
1.5%
1.5%
$354,001 - $472,000
4.5%
4.5%
$236,001 - $354,000
9.6%
9.6%
$118,001 - $236,000
39.9%
39.9%
$59,001 - $118,000
29.9%
29.9%
$0 - $59,000
12.6%
12.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for TN

Value Relative To Nation

Number Of Homes And Apartments:
25,896

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
36.21% 1.48%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,180 / per month

Homeownership Rate

Owners
49.5%
49.5%
Renters
50.5%
50.5%
Vacant
12.9%
12.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.4%
18.4%
1970 - 1999
46.1%
46.1%
1940 - 1969
28.3%
28.3%
1939 or Older
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.2%
70.2%
Townhomes
2.2%
2.2%
Small Apt. Buildings
11.9%
11.9%
Apt. Complexes
13.3%
13.3%
Mobile Homes
2.3%
2.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
7.1%
7.1%
2 Bedrooms
26.6%
26.6%
3 Bedrooms
43.2%
43.2%
4 Bedrooms
17.6%
17.6%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES