Jackson, MS: Real Estate Market & Trends 2016

The Jackson real estate market continues to experience modest gains in 2016. The first-half witnessed subtle growth in both median home prices and appreciation rates for Jackson real estate, with prices in the second quarter up from a year ago. Although home prices remained below the national average in Q2, gains in the last three years have extended the trend of positive price growth since the recession. The Jackson real estate market remains among the most affordable in the nation, and its improving economy should help to further improve the city’s standing by the end of the year.

Jackson, MS Real Estate Market Statistics:

The Jackson real estate market has fared pretty well in the second quarter in terms of appreciation. Jackson real estate saw one-year and three-year appreciation rates of 0.3 percent and 15.4 percent during the second quarter, whereas the national average achieved 4.9 percent and 17.8 percent. For Jackson real estate investors and homeowners, price appreciation and principle payments in the last three years have boosted total equity growth since the recession. For those considering Jackson real estate investments, the following reveals appreciation gains in previous years:

Homes purchased in the Jackson, MS housing market one year ago have appreciated, on average, by $3,439. The national average was $14,963 over the same period.

Homes purchased in the Jackson, MS housing market three years ago have appreciated, on average, by $30,870. The national average was $46,878 over the same period.

Homes purchased in the Jackson, MS housing market five years ago have appreciated, on average, by $46,942. The national average was $82,353 over the same period.

Homes purchased in the Jackson, MS housing market seven years ago have appreciated, on average, by $47,887. The national average was $77,054 over the same period.

Homes purchased in the Jackson, MS housing market nine years ago have appreciated, on average, by $45,563. The national average was $31,126 over the same period.