Jackson Home Prices & Values

$91,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.1% 1-year change
  • 3.3% 1-year forecast

The median home value in Jackson is $91,500. Jackson home values have gone up 0.1% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Jackson is $68, which is lower than the Jackson Metro average of $70. The median price of homes currently listed in Jackson is $132,900 while the median price of homes that sold is $131,594. The median rent price in Jackson is $705, which is the same as the Jackson Metro median of $705.

Foreclosures will be a factor impacting home values in the next several years. In Jackson 6.2 homes are foreclosed (per 10,000). This is lower than the Jackson Metro value of 6.6 and also greater than the national value of 4.4

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 is 4.8%, which is lower than the national value of 6.9%. 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 homeowners underwater on their mortgage is 23.2%, which is higher than Jackson Metro at 21.7%.

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Relative ZHVI
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Jackson Market Overview

Data through Jul 31, 2014
  • $91,500 ZHVI
  • 3.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $132,900 Median listing price
  • $131,594 Median sale price
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Jackson Market Health

Data through Jul 31, 2014
  • 0.9/10 Less healthy What's This?  
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    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.

  • No data Average days on Zillow
  • 23.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.2 homes Jackson
6.6 homes Jackson Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Three Way $140,800 Medina $132,800 Beech Bluff $92,400
Pinson $82,700 Medon $76,200 Henderson $75,500
Denmark $74,500 Milan $65,400 Humboldt $62,200

Listings & Sales

Data through Jul 31, 2014
  • $68 Median list price / sq ft
  • $64 Median sale price / sq ft
  • 41.8% Listings with price cut
35.3%
Sold below listing
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Jackson Rentals

Data through Jul 31, 2014
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $705 Rent list price
  • $0.51 Rent list price / sq ft
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