Mortgage payment estimates, closing cost breakdowns, and homebuying data for Jackson, Mississippi.
Pre-filled with Jackson median home price and Mississippi tax/insurance rates. Adjust for your property.
Estimated closing costs based on Mississippi rates and fees applied to Jackson prices.
The median home price in Jackson is $145,000, 17% below the Mississippi state median of $175,000. With a population of 153,701, Jackson is a mid-size city where home prices tend to be more accessible than in many parts of Mississippi.
Property taxes in Mississippi average 0.8% annually. This moderate property tax rate means a $145,000 home in Jackson would carry roughly $97/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Jackson is $920/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Jackson over the long term.
Jackson offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Mississippi's MHC Smart Solution program.