Home Values in Jackson, Mississippi — 2026 Market Report
Updated March 2026 | Seller's Market | +2.1% YoY
The median home value in Jackson, Mississippi is $135,000 as of March 2026, which is below the national median of $400,000. Home values in Jackson have increased by 2.1% over the past year and 11% over the last five years. With a population of 153,701 and a median household income of $38,250, the price-to-income ratio stands at 3.5x, making Jackson affordable for the average household.
Jackson Housing Market Conditions
| Metric | Jackson | National Avg |
|---|---|---|
| Median Home Value | $135,000 | $400,000 |
| YoY Appreciation | +2.1% | +3.8% |
| 5-Year Appreciation | +11% | +22.4% |
| Price per Sq Ft | $38 | $222 |
| Days on Market | 62 days | 45 days |
| Months of Supply | 2.8 | 3.5 |
| List-to-Sale Ratio | 96.8% | 98.5% |
| Monthly Homes Sold | 95 | — |
| Foreclosure Rate | 0.33% | 0.3% |
Home Value Trends in Jackson
A homeowner who purchased at the median price of $121,622 five years ago in Jackson would have gained approximately $13,378 in equity, representing a 11% return on investment. Over the past year alone, the typical homeowner gained $2,777 in home equity.
Affordability in Jackson, MS
With a median household income of $38,250 and a median home price of $135,000, the price-to-income ratio in Jackson is 3.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $821 compared to estimated monthly ownership costs of $731 gives a rent-vs-buy ratio of 0.89. In Jackson, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Jackson
The effective property tax rate in Mississippi is 0.8%. On a home valued at $135,000, the estimated annual property tax bill is $1,080, or approximately $90/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Jackson is 82.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Jackson, MS?
The median home value in Jackson, Mississippi is $135,000 as of March 2026. Home values have changed +2.1% over the past year, with a 5-year appreciation of 11%.
Is Jackson a buyer's or seller's market?
Jackson is currently a seller's market with 2.8 months of housing supply. Homes spend an average of 62 days on market, and the list-to-sale price ratio is 96.8%. Low inventory gives sellers an advantage.
Are home values going up in Jackson?
Yes, home values in Jackson have increased by 2.1% over the past year. The 5-year appreciation rate is 11%, meaning a home worth $121,622 five years ago is now worth $135,000.
Is it better to rent or buy in Jackson?
The average monthly rent in Jackson is $821, while estimated monthly homeownership costs are approximately $731. The price-to-rent ratio is 13.7. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Mississippi Cities
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Disclaimer: Home value data for Jackson, Mississippi is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.