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City · 68,435 residents · Madison County, Tennessee

Jackson , Tennessee

In Jackson, a typical home is worth $217,800 and typical rent is $1,145 a month. Compared with all of Madison County, typical household income is 12% lower and the share of households that own their home is 11 points lower.

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  • Typical home value

    $217,800

    3% above the county

    24% below Tennessee

    • Jackson
    • Madison
    • Tennessee

  • Typical rent

    $1,145a month

    About the same as the county

    4% below Tennessee

    • Jackson
    • Madison
    • Tennessee

  • Typical household income

    $53,032a year

    12% below the county

    24% below Tennessee

    • Jackson
    • Madison
    • Tennessee

  • Households that own their home

    51%

    11 points below the county

    16 points below Tennessee

    • Jackson
    • Madison
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$220,277
1.7% less than 12 months ago
Typical rent
$1,418 a month
2.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Jackson is in Madison County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Madison County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Jackson apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Humboldt, the typical home value is $102,300: 53% less than in Jackson ($217,800).

  2. Nearby, in Humboldt, the typical rent is $742: 35% less than in Jackson ($1,145).

  3. 51% of households in Jackson own their home, against 62% in Madison County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Jackson

What homes there are in Jackson, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Jackson, 6 in 10 homes are single-family detached houses; in Madison County, 7.

Year built

In Jackson, half of the homes were built before 1985; in Madison County, before 1986.

In Jackson, 13% of homes have 1 bedroom or none (studios); 59% have 3 bedrooms or more, against 66% in Madison County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Jackson sit under the FHA limit for Madison County ($541,287): about 93%.

Monthly rent with utilities

By rent, most homes in Jackson cost less than HUD's 2-bedroom fair market rent ($1,375): about 67%.

With a mortgage

$1,491 a month

Madison County: $1,412 a month

Without a mortgage

$541 a month

Madison County: $507 a month

Owners with a mortgage

59%

Madison County: 54%

The typical cost for an owner with a mortgage in Jackson is $1,491 a month, more than in Madison County ($1,412); without one, $541.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Madison County, the typical home value in Jackson rose 64% since 2015–2019.

Rents in Jackson rose at about the same pace as in Madison County: 31% since 2015–2019, against 28%.

Housing prices ran ahead of income in Jackson: typical income rose 22%, against +64% for home values and +31% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureJacksonMadison CountyTennesseeUnited States
Rental vacancy 5.4%5.2%6.1%5.5%
Homeowner vacancy 1.9%1.2%0.9%0.9%
More than one person per room 2.1%1.8%2.2%3.4%
People per household 2.342.372.452.53
Drive alone 72%76%76%69%
Carpool 11%10%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike 3%2%1%3%
Work from home 10%9%13%15%
Other means 4%3%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

In Jackson, the rental vacancy rate is 5.4%, about the same as in Madison County.

More than one person per room: that is how 2.1% of households in Jackson live, near the figure in Madison County (1.8%).

Much as in Madison County, a household in Jackson has 2.34 people on average.

To get to work, 72% of workers in Jackson drive alone; in Madison County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Jackson?

A typical home costs more than the typical income allows

We start with a typical home in Jackson, worth $217,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Jackson, which is $53,032 a year. For that payment to be 28% of income, a household would need to earn about $75,551 a year.

The calculator's FHA and conventional loan limits are those of all of Madison County.

Your numbers

Local data
$

Starts at the typical home value in Jackson. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,623 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,763

at 7.18% · 30 years

Loan amount
$213,855
Total interest
$307,687
Paid off in
November 2056

Includes $3,678 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,237 a month

  • Tight

    $1,237 to $1,591 a month

  • Hard

    more than $1,591 a month

    Your payment · 40%

Compared with the typical household income in Jackson ($53,032 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,763
Principal & interest$1,449
Property tax$127
Home insurance$91
FHA mortgage insurance (MIP)$96

You need at least $7,623 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Jackson and Madison County

Jackson is in Madison County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Jackson's own numbers

Typical home value
$217,800
Typical monthly rent
$1,145
Typical yearly household income
$53,032
Households that own their home
51%
Effective property tax rate
0.7%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Madison County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,375
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Madison County.

Everything about Madison County

Buying

Buying a home in Jackson

A typical home in Jackson is worth $217,800: 3% above the county and 24% below Tennessee. With the typical household income in Jackson ($53,032 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Jackson 4.1 years
  • Madison 3.5 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Madison County

According to FHFA’s house price index, home prices in Madison County rose 107% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Madison County.

Period County Tennessee U.S.
Last year (2025) +0.9% +2.4% +2.9%
5 years (2020–2025) +66% +60% +47%
10 years (2015–2025) +107% +114% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Jackson next to Madison County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Jackson $217,800
  • Madison $211,800
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Jackson $1,145
  • Madison $1,123
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Jackson $53,032
  • Madison $60,042
  • Tennessee $69,595
  • United States $80,734
See the full table
Jackson next to Madison County and Tennessee
Measure Jackson Madison County Tennessee U.S.
Typical home value $217,800 $211,800 $286,700 $332,700
Typical monthly rent $1,145 $1,123 $1,189 $1,413
Typical yearly household income $53,032 $60,042 $69,595 $80,734
Households that own their home 51% 62% 67% 65%
Typical yearly property tax $1,527 $1,185 $1,442 $3,119
Effective property tax rate 0.7% 0.56% 0.5% 0.94%
Renters with high rent for their income 56% 54% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Madison County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Jackson

For a typical $217,800 home in Jackson, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Jackson's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,763a month

    Least cash to close
    Down payment
    $7,623
    Cash to close
    $14,157
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $96

  • Conventional, 5% down $1,723a month

    Down payment
    $10,890
    Cash to close
    $17,424
    Rate
    7.18%
    Mortgage insurance
    PMI · $103

  • Conventional, 20% down, no PMI $1,398a month

    Down payment
    $43,560
    Cash to close
    $50,094
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,600a month

    Down payment
    $32,670
    Cash to close
    $39,204
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Jackson and for Madison County.

Property tax

Effective rate in Jackson

0.7%of the home’s value each year

$1,527 a year for the typical owner in Jackson.

  • Jackson 0.7%
  • Madison 0.56%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Madison County

FEMA does not publish these numbers by city: they are for all of Madison County.

Homes in the high-risk zone
1.1%
398
Of those, with NFIP insurance
22%
County Tennessee U.S.
Homes in the high-risk zone 1.1% 1.6% 3.5%
Of those, with NFIP insurance 22% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Jackson

Typical rent in Jackson is $1,145 a month: about the same as the county. In Jackson, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Madison County, by unit size. To pay the 2-bedroom one ($1,375 a month) without spending more than 30% of your income, you would need to earn $26.44 an hour working full time.

HUD fair market rent for all of Madison County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $957 $18.40 $38,280
1 bedroom $1,051 $20.21 $42,040
2 bedrooms $1,375 $26.44 $55,000
3 bedrooms $1,730 $33.27 $69,200
4 bedrooms $1,898 $36.50 $75,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Jackson

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Jackson has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,310 in 38301 to $1,500 in 38305.

1 of the 2 is above the fair market rent for Madison County ($1,375).

  • 38301 $1,310$1,650
  • 38305 $1,500$1,890

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Jackson when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Jackson

HUD lists 27 buildings with rents for lower incomes in Jackson. These are the largest.

  • Lincoln Courts 113 Labelle St, Jackson 38301 215 homes, 214 low-income · Run by Jackson Housing Authority · Average payment: $174 a month · Average wait: 41 months (731) 422-1671
  • ST Mary Manor Apts 1771 US Highway 45 Byp, Jackson 38305 150 homes, 149 low-income · For older adults (731) 668-5633
  • The Villages at Old Hickory 550 Old Hickory Blvd, Jackson 38305 141 low-income homes · 2 bd: 141 · In service since 2005 · For people with disabilities
  • Mcmillan Towers 212 S Fairgrounds St, Jackson 38301 124 low-income homes · Studio: 7 · 1 bd: 114 · 3 bd: 3 · In service since 2009 · For older adults, people with disabilities · Run by Jackson Housing Authority · Average payment: $314 a month · Average wait: 44 months · Homes at several sites (731) 422-1671
  • Washington-Douglas-Linco 389 Daugherty St, Jackson 38301 124 low-income homes · Run by Jackson Housing Authority · Average payment: $305 a month · Average wait: 87 months (731) 422-1671

See all 27 buildings in Madison County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Jackson

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Madison County; 1 says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Jackson

No down payment, repair or rent-help program on our list is for Jackson or Madison County. The ones below are statewide in Tennessee: they work in Jackson the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Jackson

The HUD-approved agencies closest to the center of Jackson, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • West Tennessee Legal Services, Incorporated

    210 West Main Street, Jackson · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    731-423-0616-1250

  • West Tennessee Legal Services, Inc.

    210 W Main St, Jackson · 3 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (731) 423-0616

  • Operation Hope - Memph TN - Poplar Av

    6815 Poplar Ave Ste 100, Memphis · 68 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (571) 544-2282

Every agency in Madison County All counseling agencies in Tennessee

Help in Spanish near Jackson

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Jackson

HUD’s record names them for Jackson or Madison County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Jackson Housing Authority Public housing and Section 8 vouchers (731) 422-1671

All housing agencies in Tennessee Source: HUD

Cities

Nearby cities

The cities closest to Jackson, with the typical home value.

Everything about Madison County Housing in Tennessee

Neighboring counties

If Madison County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Jackson.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Jackson

Short answers with the numbers for Jackson and all of Madison County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Jackson?

The typical home value in Jackson is $217,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison County it is $211,800.

How much does it cost to rent in Jackson?

Typical rent in Jackson is $1,145 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison County is $1,375.

What is the FHA loan limit in Jackson?

Jackson uses the FHA limit for all of Madison County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Jackson?

The typical homeowner in Jackson pays $1,527 a year, according to the U.S. Census Bureau. That is 0.7% of the home’s value; in Madison County, the rate is 0.56%.

Where can I find free help to buy or rent in Jackson?

There are 2 HUD-approved counseling agencies with an office in Madison County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).