The housing market in Jackson, Michigan (49202) is quite strong. The median value of homes in the area is $109,200, which is far lower than the US median house value of $338,100. However, over the past year there has been an impressive appreciation rate of 9.09%, which is higher than the US average of 8.27%. This indicates that buying a home in this area could be a good long-term investment and potentially yield a greater return on investment compared to other markets.
The median home cost in Jackson (zip 49202) is $109,200. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Jackson (zip 49202) is up 16.2%.
Average Age of Homes
- The median age of Jackson (zip 49202) real estate is 62 years old
The Rental Market in Jackson (zip 49202)
- Renters make up 43.9% of the Jackson (zip 49202) population
- 2.3% of houses and apartments in Jackson (zip 49202), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.