Affordability evidence
Jackson, MS home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Jackson, MS.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The published evidence provides the starting point: In Jackson, MS, the 2024 ACS reports a median owner-occupied home value of $111,700, median household income of $42,071, and median selected monthly owner costs of $1,231 for owners with a mortgage. In practical terms, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,231 measure combines recurring ownership expenses instead of real estate taxes alone. For the decision at hand, a useful affordability review starts with $111,700, $42,071, and $1,231, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Jackson, MS's $111,700 median home-value estimate is below the statewide $169,800 estimate, with a reported city-to-state gap of 34.2%. In practical terms, that 34.2% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Jackson, MS.