All homes and bedroom counts
RENTAL MARKET INTELLIGENCE
Jackson, MI
Jackson merits investigation by yield-focused buyers who can tolerate weak labor and migration signals; investors relying on employment or population growth should avoid treating it as a growth market.
Median price$230k
Median rent$1,121
Gross yield5.9%
Job growth▼ 0.2%
Composite Market ScoreRank #63 of 571 scored US market areas
Direct rental answer
How much is rent in Jackson, MI?
Zillow's metro-wide Observed Rent Index is $1,121 per month for 2026-06-30. That is up 6.30% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Jackson
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Jackson County, MIFIPS 26075 | $838 | $946 | $1,165 | $1,534 | $1,626 |
The read
Why this market scores where it does
Jackson merits investigation by yield-focused buyers who can tolerate weak labor and migration signals; investors relying on employment or population growth should avoid treating it as a growth market. Median asking rent rose 6.3% while jobs fell 0.21%, so recent rent strength is not backed by job expansion.
The entry profile pairs a median home value of $229,692 with a 5.86% gross yield, while rent consumes 20.36% of median income. A 25.31% price-drop share and 42 median days on market also provide evidence of negotiating room, though neither guarantees a discount.
Risk is concentrated in demand durability and property-level water exposure. Net migration was -10, while the dominant hazard is inland flood. Investigate local tenant demand, insurance, and flood exposure before underwriting; the aggregate climate-loss ratio should not replace parcel-level review.
Frequently Asked Investor Questions
What do current price and rent imply for headline yield?
Median home value is $229,692, median asking rent is $1,121, and gross yield is 5.86%.
How much resale-market negotiating evidence is present?
Months of supply is 3.1, median days on market is 42, and 25.31% of listed homes recorded price drops.
What do mover flows show?
Tax filings show 2,942 households moved in and 2,952 moved out, for net migration of -10; average income was $57,473 for inbound movers and $56,256 for outbound movers, a $1,217 gap.
Investor Quick Takeaways
Gross Yield: 5.9%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 6.30%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 4.2%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Jackson as the starting point or move into a more specific property and rent check.
Run cash flowStarts with this market's measured price and rentSave to shortlistCompare this metro with up to four other placesCheck rent by ZIPMove from metro context to a local rent benchmarkFind a comparison marketRead a curated two-market decision analysisShare this analysisEmail the canonical link without adding page scriptsReport a data issueSend the figure, source and release period to review
Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply3.1 mo.▲ from 2.8 mo. a year ago
Median days on market42 daysunchanged from a year ago
Listings with price drops25.3%▼ from 26.0% a year ago
Sale-to-list ratio99.2%2026-05-01
Home value growth▲ 3.4%Zillow ZHVI · trailing 12 months
Rent growth▲ 6.30%Zillow ZORI · trailing 12 months
Gross rental yield5.9%Rent × 12 ÷ price
Payroll job growth▼ 0.2%CES · 12m to 2026-06
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady67→67
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
The one chart
Rents versus prices, indexed to 2019
Both series start at 100. The gap between the lines is the investment case, and which line is closing it tells you what kind of market this is.
Reindexed Price vs. Rent Growth
2019 = 100 · annual · 2019–2026
Since 2019, prices are up 50% and rents 62%. Rents running ahead of prices is what lifts yield. ✓ recomputed from series
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
67| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 36 | 30% | 10.80 |
| Rent trend | 85 | 25% | 21.25 |
| Affordability | 79 | 15% | 11.85 |
| Supply pressure | 64 | 15% | 9.60 |
| Climate risk | 87 | 15% | 13.05 |
| Published score | 67 | ||
Jackson, MI scoreRank #63
67Job growth36/100
CES employment fell 0.21% year over year -> recent rent strength lacks confirmation from the job signal.
Rent trend85/100
Median asking rent rose 6.3% to $1,121 -> the rent signal is positive, but buyers should verify achievable rents by property.
Affordability79/100
The 20.36% rent-to-income ratio and 3.48 price-to-income ratio -> affordability supports the opportunity case but does not offset weak jobs.
Supply pressure64/100
Listings had 3.1 months of supply and 25.31% recorded price drops -> buyers should test seller flexibility rather than assume list price.
Climate risk87/100
The published climate loss ratio is 0.000969 and inland flood is the dominant hazard -> aggregate loss data do not remove the need for parcel-level flood and insurance checks.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$230k
YoY ▲ 3.4%
ZORI Median Rent
$1,121
YoY ▲ 6.30%
Gross Rental Yield
5.9%
Rent × 12 ÷ price
$1,121 × 12 ÷ $229,692
Job Growth (YoY)
▼ 0.2%
CES payrolls
Job signal 36/100
Median Household Income
$66k
Census ACS 5-year
Rent Burden
20.4%
Annual rent ÷ household income
Price-to-Income
3.5x
Median value ÷ household income
HUD 2BR Fair Market Rent
$1,165
Market rent 96.2% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$1,121Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$946−$175 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,165+$44 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$985−$136 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Jackson as context, then replace market-wide evidence with the candidate property's facts.
Regional price level
What feels expensive inside Jackson
BEA compares each category with the United States, which equals 100. This is a 2024 price-level comparison—not annual inflation.
BEA Regional Price Parities · 2024US = 100
Occupation wage lens
How asking rent sits against major local occupations
Annualized Zillow asking rent is divided by each BLS annual median wage. This is a screening ratio for one wage, not a household budget or affordability verdict.
Six largest published major groupsannual rent ÷ median wage
Production Occupations$46,570 median wage
28.9%
Office and Administrative Support Occupations$45,990 median wage
29.2%
Sales and Related Occupations$34,860 median wage
38.6%
Food Preparation and Serving Related Occupations$31,340 median wage
42.9%
Transportation and Material Moving Occupations$38,420 median wage
35.0%
Healthcare Practitioners and Technical Occupations$84,550 median wage
15.9%
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
362 units authorised in 2026, 33% of them in 5+ unit buildings. A meaningful share is apartments, which discount first when they lease up. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
−10
2,942 in vs 2,952 out (IRS SOI)
▼ 0.3% of arriving households
Mover Income Gap
+$1,217
Arriving $57,473 vs leaving $56,256
Average AGI per tax return (IRS SOI)
Investor Purchase Share
4.2%
76 of 1,813 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
inland flooding
0.097% building value annual loss ratio
FEMA NRI · risk type: water
Compare yield and FEMA exposure →Households arrive mainly from: Washtenaw County · Ingham County · Wayne County · Lenawee County · Calhoun County
✓ 2,942 in − 2,952 out = -10 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Detroit, MI405 arriving
- Lansing, MI371 arriving
- Ann Arbor, MI316 arriving
Leading outbound markets
- Lansing, MI393 leaving
- Detroit, MI359 leaving
- Ann Arbor, MI257 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- Rent growth is not corroborated by employment, which declined 0.21% year over year.
- Household flows were slightly negative: 2,942 moved in and 2,952 moved out, leaving net migration of -10.
- Inland flood is the dominant hazard, so the aggregate climate loss ratio may not reflect property-specific exposure.
Inside this metro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
County records
Cities in this market
Statistical peers
Market areas that behave like Jackson
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Jackson, MI (Target) | 67 | $230k | $1,121 | 5.9% | ▼ 0.2% |
| Elizabethtown, KY | 36 | $252k | $1,298 | 6.2% | ▼ 0.4% |
| Florence, AL | 55 | $219k | $1,122 | 6.1% | ▲ 0.0% |
| Erie, PA | 67 | $228k | $1,100 | 5.8% | ▲ 0.1% |
| Lafayette, IN | 48 | $290k | $1,410 | 5.8% | ▼ 0.1% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |