Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$201,741+0.7% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$43,733About 0.7× the local median income ($62,820): affordable for a typical household
Days on market73 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.2%Zillow expects prices to rise slightly
The typical home in Jackson, TN is worth $201,741, up 0.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $195,120, so the area is 3.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are up 6% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 1.2% over the next year. A household needs about $43,733 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,820. Typical rent is $1,393 a month, or $1,599 for a house. In the latest IRS figures, 174 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$201,741
Change in 1 year
+0.7%
Overvalued %
+3.4%
Show 7 more
Fair home value
$195,120
Change in 5 years
+17.5%
Zillow forecast, next 12 months
+1.2%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,093
Income needed to afford it
$43,733
Property tax rate
0.58%
Rent and investing
Typical rent
$1,393
Typical rent for houses
$1,599
Price-to-rent ratio
12.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,247
Gross rental yield
8.28%
Cap rate (estimate)
5.39%
Market activity
Listings vs a year ago
+5.7%
Days on market
73
Listings with a price cut
20.6%
Show 3 more
Homes for sale
703
Pending sales per 100 listings
28
Asking price per sq ft
$156
People and jobs
Median household income
$62,820
Population change (1 year)
+0.5%
Unemployment rate
5.9%
Show 4 more
Population
184,569
Income adjusted for cost of living
$73,474
Net moves in (IRS)
+174
Cost of living (US = 100)
85.5
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
82.7
Unhealthy air days a year
0
Show 4 more
Flood risk score
57.7
Wildfire risk score
30.8
Walkability (1 to 20)
5.9
Road, rail and air noise
54 dB
Questions people ask
Is Jackson, TN overvalued?
Home prices in Jackson, TN are slightly above what local incomes have historically supported: fair value is about $195,120, so the area is 3.4% overvalued.
Is Jackson, TN a buyer's or seller's market?
Jackson, TN is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are up 6% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Jackson, TN?
Home values in Jackson, TN are up 0.7% over the last year. Zillow's forecast for the next 12 months is +1.2%.
How much do you need to earn to buy a home in Jackson, TN?
A household needs about $43,733 a year to afford the typical home in Jackson, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,820.