Home Values

Jackson Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$95,000

  • 1.9% 1-year change
  • 2.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in Jackson Metro is $95,000. Jackson Metro home values have gone up 1.9% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Jackson Metro is $68, which is lower than the Tennessee average of $96. The median price of homes currently listed in Jackson Metro is $122,900 while the median price of homes that sold is $115,770. The median rent price in Jackson Metro is $678, which is lower than the Tennessee median of $975.

Foreclosures will be a factor impacting home values in the next several years. In Jackson Metro 5.7 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Jackson Metro is 4.5%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Jackson Metro homeowners underwater on their mortgage is 25.7%.

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Relative ZHVI
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Jackson Metro Market Overview

Data through Dec 31, 2014
  • $95,000 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $122,900 Median listing price
  • $115,770 Median sale price
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Jackson Metro Market Health

Data through Dec 31, 2014
  • 0.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 145 Average days on Zillow (Nov 30, 2014)
  • 25.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.7 homes Jackson Metro
4 homes United States
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Cities in Jackson Metro

Name Median ZHVI
Three Way $141,000
Beech Bluff $95,500
Jackson $93,600
Name Median ZHVI
Pinson $87,300
Medon $82,800
Enville $78,500
Name Median ZHVI
Denmark $77,900
Henderson $77,700
Humboldt $65,500

Listings & Sales

Data through Dec 31, 2014
  • $68 Median list price / sq ft
  • $64 Median sale price / sq ft
  • 13.4% Listings with price cut
34.9%
Sold below listing
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Jackson Metro Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,043 Tennessee
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $678 Rent list price
  • $0.65 Rent list price / sq ft
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