Jackson Home Prices: $206K, Down 2% — 3 ZIPs Analyzed (2026)
$206,401. That’s what a typical home costs in Jackson, TN right now. Prices are down 2.0% from a year ago, and the trend line has pointed downward for nearly ten straight months. For buyers who’ve been waiting, the numbers are finally moving in their favor.
Quick answer: The average home price in Jackson, TN is $206,401 as of February 2026, down 2.0% year over year according to Zillow.
Current Home Prices in Jackson
Jackson sits well below the Tennessee state average for home prices. Here’s the snapshot as of February 2026:
| Metric | Value |
|---|---|
| Median Home Value | $206,401 |
| Year-over-Year Change | -2.0% |
| Lowest ZIP Median | $131,309 |
| Highest ZIP Median | $274,602 |
| ZIP Codes Tracked | 3 |
That 2.0% annual decline may not sound dramatic, but it marks a shift. Through most of 2025, Jackson home values drifted steadily downward from a March 2025 peak of $210,681. The city has shed roughly $4,300 in median value over that stretch.
The price spread across Jackson’s three ZIP codes is wide. The gap between the cheapest and most expensive neighborhoods is $143,293 — meaning the priciest area costs more than double the most affordable one. That kind of range gives buyers real options depending on budget.
Jackson remains one of the more affordable metro areas in Tennessee. A $206K median puts it far below Nashville, Chattanooga, or Knoxville. For buyers priced out of those markets, Jackson offers a lower entry point with a stable local economy anchored by healthcare and logistics.
Jackson Home Prices by Neighborhood
All three tracked ZIP codes show distinct price tiers:
| ZIP Code | Median Home Value | Monthly Rent |
|---|---|---|
| 38305 | $274,602 | $1,421 |
| 38313 | $213,291 | Data not available |
| 38301 | $131,309 | $1,228 |
Most Expensive
38305 tops the list at $274,602, sitting 33% above the city median with monthly rents of $1,421 — the highest in the metro. This ZIP reflects Jackson’s premium housing stock.
Most Affordable
38301 is where budget-conscious buyers should look. At $131,309, homes here cost 36% less than the city average. Rent in this ZIP runs $1,228 per month, making it the cheapest option for both renters and buyers.
38313 falls squarely in the middle at $213,291, just a few thousand above the citywide median.
Rent vs Buy in Jackson
Rent data is available for two of Jackson’s three ZIP codes, and the numbers make buying look reasonable.
| ZIP Code | Monthly Rent (ZORI) | Est. Monthly Mortgage* |
|---|---|---|
| 38305 | $1,421 | ~$1,613 |
| 38301 | $1,228 | ~$771 |
Estimated mortgage based on ZIP median value, 20% down, 6.5% rate, 30-year fixed. Excludes taxes and insurance.
In ZIP 38301, buying wins outright. A mortgage payment on the $131,309 median would run roughly $771 per month — $457 less than renting. You’d build equity and pay less each month.
ZIP 38305 is closer. Rent at $1,421 comes in below the estimated $1,613 mortgage, but that gap narrows once you factor in equity. Over five years, a buyer in 38305 would accumulate tens of thousands in principal paydown that a renter would not.
The math depends on how long you plan to stay. If you’re in Jackson for three or more years, buying in most ZIP codes will cost less than renting on a total-cost basis. Short-term? Renting keeps your options open without the closing costs.
Population Growth and Migration
Jackson is growing, but slowly. The city added about 1,100 residents between 2020 and 2024.
| Year | Population |
|---|---|
| 2020 | 68,200 |
| 2021 | 67,881 |
| 2022 | 68,365 |
| 2023 | 68,391 |
| 2024 | 69,303 |
The 1.6% four-year growth rate tells a story of stability, not boom. Jackson actually lost residents in 2021 before slowly climbing back. The real jump came in 2024, with a gain of 912 people in a single year.
Compare that to faster-growing Tennessee cities:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Smyrna town | 60,302 | 12.7% |
| Clarksville | 185,690 | 10.8% |
| Murfreesboro | 168,387 | 9.5% |
| Franklin | 89,142 | 5.9% |
| Chattanooga | 191,496 | 5.1% |
| Jackson | 69,303 | 1.6% |
Jackson’s growth lags every comparison city on this list. That’s not necessarily bad for buyers. Slower population growth means less pressure on housing demand, which helps explain the softening prices. Cities like Clarksville and Murfreesboro, growing at 5-10x Jackson’s rate, face much tighter inventory.
Jackson Housing Market Trends
Here’s how median home values moved month by month over the past year:
| Month | Median Value | Change from Prior Month |
|---|---|---|
| Mar 2025 | $210,681 | — |
| Apr 2025 | $210,070 | -$611 |
| May 2025 | $209,586 | -$484 |
| Jun 2025 | $208,873 | -$713 |
| Jul 2025 | $208,195 | -$678 |
| Aug 2025 | $207,014 | -$1,181 |
| Sep 2025 | $205,843 | -$1,171 |
| Oct 2025 | $204,655 | -$1,188 |
| Nov 2025 | $204,192 | -$463 |
| Dec 2025 | $204,338 | +$146 |
| Jan 2026 | $205,257 | +$919 |
| Feb 2026 | $206,401 | +$1,144 |
The pattern is clear. Jackson prices fell every month from March through November 2025. The steepest drops came in August, September, and October — each shedding over $1,100.
Then something shifted. December saw a small uptick of $146. January added $919. February gained $1,144. Three consecutive months of growth suggest the downtrend may be losing steam.
The total decline from the March 2025 peak to the November 2025 trough was $6,489, or about 3.1%. The recovery since November has recouped roughly $2,200 of that drop. Whether this bounce holds through the spring selling season will determine the direction for the rest of 2026.
Is Jackson a Good Place to Buy in 2026?
The data favors buyers right now. Prices are down 2.0% year over year, and despite the recent three-month uptick, values remain well below where they were a year ago. That means less competition and more negotiating room.
Jackson’s affordability stands out. A $206K median puts homeownership within reach at income levels that wouldn’t work in Nashville ($450K+) or even Chattanooga ($280K+). At current mortgage rates, a buyer putting 20% down on the Jackson median would face monthly payments around $1,213 before taxes and insurance.
The rental math supports buying in most scenarios. With rents between $1,228 and $1,421, monthly ownership costs are competitive — and in the 38301 ZIP, buying is significantly cheaper.
The risk? Jackson’s slow population growth means home price appreciation is unlikely to be aggressive. Don’t expect Nashville-style gains. But if you’re buying a home to live in rather than flip, the current combination of low prices, moderate rents, and a softening market makes Jackson worth a serious look.
Jackson Housing Market Outlook for 2026-2027
The three-month rebound from December through February deserves attention. After falling for eight straight months, Jackson prices gained $2,209 in three months. If that pace continues, the city could recover to its March 2025 peak by mid-summer 2026.
But “if” is doing a lot of work in that sentence. The recent gains have been modest — roughly $700 to $1,100 per month. The 12-month trend still shows a net decline. Seasonal patterns typically push prices higher in spring and summer, so some of this bounce may simply reflect normal seasonality rather than a true reversal.
The more likely scenario: Jackson prices stabilize in the $205K to $210K range through 2026, with small seasonal swings. The 3-month trend suggests the freefall is over, but nothing in the data points to a sharp recovery. Expect flat to slightly positive movement through 2027.
Similar Markets in TN
If you’re shopping in Tennessee, these cities offer useful comparisons to Jackson:
- Nashville — The state’s biggest market and far pricier, but worth tracking for statewide trend signals.
- Memphis — Another West Tennessee city with similar affordability and slower growth.
- Clarksville — Growing fast at 10.8%, which means tighter supply and higher prices than Jackson.
- Chattanooga — A mid-size market with 5.1% growth that bridges the gap between Jackson’s affordability and Nashville’s demand.
- Knoxville — East Tennessee’s anchor city, useful for comparing regional price differences across the state.
Frequently Asked Questions
What is the average home price in Jackson?
The average home price in Jackson, TN is $206,401 as of February 2026. That figure represents the Zillow Home Value Index across all three tracked ZIP codes. Prices range from $131,309 in ZIP 38301 to $274,602 in ZIP 38305.
Are home prices going up or down in Jackson?
Down. Jackson home prices fell 2.0% year over year as of February 2026. Prices declined for eight consecutive months from March through November 2025 before bouncing slightly in the last three months of the data period.
Is it cheaper to rent or buy in Jackson?
It depends on the ZIP code. In 38301, buying is significantly cheaper — an estimated $771 mortgage versus $1,228 rent. In 38305, renting at $1,421 slightly undercuts the estimated $1,613 mortgage. For most buyers planning to stay three or more years, purchasing will cost less over time.
What is the most affordable neighborhood in Jackson?
ZIP code 38301 is the most affordable at $131,309, which is 36% below the city median. Monthly rent in this ZIP runs $1,228. It’s the best entry point for first-time buyers looking to get into the Jackson market at the lowest price.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.