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:
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