Why Live in Jackson
Jackson's rich cultural heritage comes alive through world-class museums like the Mississippi Civil Rights Museum and Mississippi Museum of Art, which features a stunning Art Garden. History buffs can explore the Medgar Evers Home Museum and the beautifully preserved Eudora Welty House and Garden. The Mississippi Museum of Natural Science and LeFleur's Bluff State Park provide opportunities to connect with nature, while the historic Mississippi State Capitol and Old Capitol Museum showcase the city's governmental legacy. The dining scene features standout restaurants like Char, known for its sophisticated Southern steakhouse fare, and Elvie's, which blends French techniques with local flavors. Walker's Drive-In serves upscale comfort food, while Brent's Drugs maintains its 1940s soda fountain charm.
The housing market in Jackson presents diverse options across distinct neighborhoods. The median price for single family homes in Fondren is $207,500, while Belhaven commands $220,000, and South Jackson offers more affordable options at $75,000. Citywide, the median sale price sits at $127,400, with townhomes at $134,200. One-bedroom condos have a median price of $82,000, while two-bedroom units typically cost $120,000.
Jackson's cost of living stands 9.8% below the national average. Property taxes in Hinds County have an effective rate of 0.92%, higher than neighboring Ridgeland at 0.72% and Pearl at 0.62%. A family with school-age children needs approximately $95,000 annually to live comfortably, while renters require about $50,000. The city boasts excellent educational options, including Jackson Preparatory School and Northwest Rankin High School, both rated A or above by Niche. Major universities include Jackson State University, Belhaven University, and Millsaps College. The central location places Jackson within 186 miles of New Orleans and 210 miles of Memphis, making it an accessible hub in the Southeast.
Home Trends in Jackson, MS
On average, homes in Jackson, MS sell after 40 days on the market compared to the national average of 50 days. The median sale price for homes in Jackson, MS over the last 12 months is $127,500, up 28% from the median home sale price over the previous 12 months.
Median Sale Price
$127,500
Median Single Family Sale Price
$120,000
Median Townhouse Sale Price
$134,200
Median 2 Bedroom Sale Price
$120,000
Median 1 Bedroom Sale Price
$82,000
Average Price Per Sq Ft
$83
Number of Homes for Sale
452
Last 12 months Home Sales
1,065
Median List Price
$134,900
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
28%