Mortgage payment estimates, closing cost breakdowns, and homebuying data for Jackson, Tennessee.
Pre-filled with Jackson median home price and Tennessee tax/insurance rates. Adjust for your property.
Estimated closing costs based on Tennessee rates and fees applied to Jackson prices.
The median home price in Jackson is $195,000, 43% below the Tennessee state median of $340,000. With a population of 68,205, Jackson is a smaller market where home prices tend to be more accessible than in many parts of Tennessee.
Property taxes in Tennessee average 0.56% annually. This low property tax rate is a significant advantage for Jackson buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Tennessee runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Jackson is $950/month. The price-to-rent ratio in Jackson is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Jackson offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Tennessee's THDA Great Choice Home Loan program.