Jackson Housing Crisis Deepens, Affordability Crushed
Rising Home Prices and Market Trends While the Jackson housing market has experienced dynamic shifts, home prices are at the forefront of escalating concerns. The median home price surged by 39.5% from the previous year, reaching approximately $159,000 by May 2025. These increasing price dynamics underscore the market’s volatility. Predictions suggest a 1.7% decline in home values later in 2025. This projected downturn follows years of robust price escalation. Solar upgrades offer landlords a way to boost property value and attract tenants despite rising home costs. The median price per square foot increased by 4.3% in Jackson over the past year. Amidst this backdrop, limited housing inventory is unable to meet the growing demand , leading to ongoing price hikes and intensifying competition in the market. Historically, home values have climbed by an average of 2.69% annually since 2013. This marks one of the slowest national growth rates, yet maintains a steady ascent. Future predicti...