Why Live in Jackson
Music lovers flock to downtown Jackson's amphitheater for live concerts and the International Rock-A-Billy Hall of Fame celebrates the city's rich musical heritage. The Casey Jones Village transports visitors back in time with its railroad museum and authentic Southern shopping at the Old Country Store. Nature enthusiasts find solace at Cypress Grove Nature Park's serene walking trails, while sports fans catch Jackson Generals baseball games at The Ballpark. The cultural scene thrives through performances at Union University, Lane College, Jackson Little Theatre, and art exhibitions at both the Carnegie Center for Arts and McWherter Cultural Arts Center.
The housing market in Jackson presents diverse options across several neighborhoods. Single family homes in Downtown Jackson have a median price of $198,500, while Bemis Historic District homes typically sell for $140,000. The Stanworth area commands higher prices with a median of $289,900, and Westwood Gardens homes sell for a median of $239,000. Townhomes throughout Jackson have a median price of $225,000, while two bedroom condos sell for a median of $172,000.
Jackson's cost of living sits 11.3% below the national average. A family of four should plan for $8,000 monthly expenses, including $1,500 for groceries. The 0.61% property tax rate compares favorably to Memphis at 1.03%. Tennessee residents benefit from no state income tax, though they face a combined 9.56% sales tax. Gasoline costs $3.03 per gallon, below the national average of $3.243. Madison Academic Magnet High School earned an A rating, while Jackson Christian School received B+ ratings across all grade levels. The city connects easily to Memphis and Nashville via Interstate 40, with regional air service through McKellar-Sipes Regional Airport.
Home Trends in Jackson, TN
On average, homes in Jackson, TN sell after 53 days on the market compared to the national average of 50 days. The median sale price for homes in Jackson, TN over the last 12 months is $284,950, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$284,950
Median Single Family Sale Price
$295,900
Median Townhouse Sale Price
$225,000
Median 2 Bedroom Sale Price
$172,000
Average Price Per Sq Ft
$147
Number of Homes for Sale
330
Last 12 months Home Sales
1,038
Median List Price
$299,945
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
8%