Jackson, Mississippi Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Jackson, Mississippi rental market.
Highlights
An apartment for rent in Jackson, Mississippi typically goes for $1,036 per month, while a single-family home for rent in Jackson, Mississippi has a monthly cost of around $1,161. Renter-occupied units make up 51% of the local housing market, while the rental vacancy rate in Jackson, Mississippi is at 8.1.
Jackson, Mississippi
Average Apartment Rent
$1,036
Y-o-Y Change in Average
Apartment Rent
2.2%
Average Single-Family Rent
$1,161
As of July 2024
Compared to a year ago, Jackson, Mississippi apartments have recorded a 2.2% rent increase.
Jackson, Mississippi |Average apartment rent trend
Jackson, Mississippi| Average apartment rent
Jackson, Mississippi | Apartment rent ranges
At 44.18%, apartments priced $700 - $1000 represent the bulk of Jackson, Mississippi rentals, while condos priced Over $2,000 hold the lowest share of the market – 2.23%.
Jackson, Mississippi | Housing tenure**
Renters take up 51% of Jackson, Mississippi real estate, occupying a total of 31,683 units, while homeowners live in 30,370 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$29,239
Average household size of renter-occupied housing units**
2.25
Rental vacancy rate**
8.1%
Jackson, Mississippi | Renter-occupied housing units by no. of bedrooms**
There are 11,159 rentals in Jackson, Mississippi with 2 beds making up the highest share of the market, at 35%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 786 units. Overall, the median number of rooms in Jackson, Mississippi homes for rent is 4.5.
Jackson, Mississippi |Renter-occupied units by age of householder**
Most condos for rent in Jackson, Mississippi are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Jackson, Mississippi | Renter-occupied housing units by family type**
Jackson, Mississippi | Renter-occupied housing units by the presence of own children**
A total of 15,199 apartments for rent in Jackson, Mississippi, or 48% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 9,751 units. All in all, the median size of a renter-occupied household in Jackson, Mississippi is 2.25.
Jackson, Mississippi | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Jackson, Mississippi.
Jackson, Mississippi | Renter-occupied units by year structure built**
The highest share of Jackson, Mississippi apartment rentals, namely 23% or 7,396 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 5,608 units), and the ones Built 1950 - 1959 (18%, 5,555 units).
Jackson, Mississippi | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Jackson, Mississippi renters (40%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Jackson, Mississippi condos for rent is 2017.
Jackson, Mississippi | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Jackson, Mississippi renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 13% have No vehicle available.
Jackson, Mississippi | Means of transportation to work of householders living in renter-occupied housing units**
Jackson, Mississippi |Geographical mobility in the past year for householders living in renter-occupied housing units**
Jackson, Mississippi | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Jackson, Mississippi apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
