Jackson, MI

Population: 33,534
Average annual home appreciation rate: 10.17%
Total of homes for sale in this market: 542
Median home price: $68,727
Median Rent: $553 per room
Home price range: 51.67% of homes are between $47,001 – $94,000
Median sales price: $88,000
Number of homes: 244
Median foreclosure sales price: $15,500
Foreclosure discount: 82%
Most common home type: 67.36% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 16.12%
Number of renters: 41.30%
Number of owner occupied: 58.70%
Number people living below poverty level: 32.88%
Unemployment rate: 8.60%
Is this area perfect for real estate deals going on right now? Notably, Jackson’s appreciation rate in the latest quarter is one of the lowest in America. Relative to Michigan, our data show that Jackson’s latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan. When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Jackson when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

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