Average rent in Jackson

Average rent in Jackson,MS

Over the years, the average rent in Jackson, MS has fluctuated significantly. In 2017, the average rent was $770 per month, which increased to $810 in 2018. By 2019, the average rent had risen to $840 per month, making it a challenging time for tenants. However, in 2020, the pandemic caused a slight dip in rent prices, with the average rent standing at $820 per month. Looking to the future, it is projected that in 2023, the average rent in Jackson, MS will stabilize at $1,200 per month. This increase shows the importance of being financially prepared for rental expenses and planning accordingly.

Average rent in Jackson,MS for 1-bedroom

In 2023, the average rent in Jackson, MS for a 1-bedroom apartment is projected to be $1,100 per month. This represents a significant increase from the previous year, where the average rent was $950. Looking back even further, there has been a steady increase in rent over several years. In 2018, the average rent for a 1-bedroom was $750, while in 2019 it increased to $800. The trend continued in 2020, where the average rent was $850. It is clear that the cost of living in Jackson, MS is on the rise, and may become a concern for residents and new renters.

Average rent in Jackson,MS for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in Jackson, MS is $1,200 per month. However, this figure marks a significant increase from the previous year, as in 2022, the average rent was only $1,100 per month. Looking back even further, the average rent in 2020 was a mere $950 per month. Despite the recent rise in rental prices, Jackson remains a relatively affordable city compared to other metropolitan areas in the region.

Average rent in Jackson,MS for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Jackson, MS is projected to be $1,300 per month. This is a significant increase from the previous year’s average of $1,100. As a matter of fact, the trend of rising rent prices has been observed for the past few years. In 2020, the average rent for a 3-bedroom in Jackson, MS was only $900 per month. By 2021, it had grown to $1,000 per month. Come 2022, it rose to $1,100 per month. Therefore, it’s safe to say that the cost of renting a 3-bedroom in Jackson, MS seems to be on the rise with each passing year.

Average rent in Jackson,MS for studio

The average rent in Jackson, MS for a studio in 2023 is expected to be $950 per month. This represents a significant increase from the average rent of $850 in 2022, and an even larger increase from the average rent of $750 in 2021. However, despite these increases, the average rent in Jackson for a studio remains relatively affordable compared to many other cities in the United States.

Furthermore, with the continued growth of the city’s economy and population, it is likely that rent prices will continue to rise in the coming years. Nevertheless, for those looking to live in Jackson on a tight budget, there are still many resources available to help find affordable housing options.

Average rent in Jackson,MS for townhouse

In 2019, the average rent for a townhouse in Jackson, MS was $1,200. However, in 2020, the price slightly decreased to $1,150. On the other hand, in 2021, the average rent jumped up to $1,300 due to a high demand for housing. Looking towards the future, it is predicted that in 2023 the average rent for a townhouse in Jackson, MS will continue to rise to $1,400. Despite the increase, it is still a reasonable price compared to the national average. Nonetheless, it is essential for renters to stay informed and budget accordingly to accommodate for the changing housing market.

Most expensive neighborhoods in Jackson,MS

Jackson, MS is a city known for its extravagance, and the most expensive neighborhoods in the city don’t disappoint. In neighborhoods like Eastover and Fondren, homes can range from $500,000 to over a million dollars. These exclusive neighborhoods offer residents luxurious amenities such as large swimming pools, sprawling manicured lawns, and stunning architectural designs. While these neighborhoods may be expensive, they provide a lifestyle of exclusivity and sophistication that many residents find worth the investment.

Most affordable neighborhoods in Jackson,MS

Jackson, MS has many affordable neighborhoods to choose from. One great option is the Woodville Heights neighborhood, which has a median home price of around $80,000. Another affordable option is the Presidential Hills neighborhood, with a median home price of $85,000. Clinton Park is also a viable option, with a median home price of $95,000. These neighborhoods offer great value for those looking to purchase a home in Jackson, MS without breaking the bank.

Most popular neighborhoods in Jackson,MS

Jackson, Mississippi is a vibrant and diverse city, with plenty of neighborhoods to choose from. Some of the most popular neighborhoods in Jackson include Belhaven, which is known for its historic homes and beautiful tree-lined streets. Fondren is another popular neighborhood, known for its trendy shopping, dining, and entertainment options. Eastover is a more affluent neighborhood, known for its spacious homes and tree-lined streets, while Downtown Jackson is a bustling area with plenty of condominiums, apartments, and mixed-use buildings. With so many great neighborhoods to choose from, it’s easy to see why Jackson is such a desirable place to call home.

Comparison with other cities

1. New York City, NY – $3,346
2. San Francisco, CA – $3,315
3. Boston, MA – $2,833
4. Washington, DC – $2,136
5. Los Angeles, CA – $2,116
6. Miami, FL – $1,795
7. Chicago, IL – $1,780
8. Seattle, WA – $1,760
9. Atlanta, GA – $1,623
10. Houston, TX – $1,466
11. Denver, CO – $1,462
12. Austin, TX – $1,459
13. Dallas, TX – $1,435
14. Charlotte, NC – $1,406
15. Nashville, TN – $1,360

FAQ

Q: What is the average rent in Jackson, MS in 2023?
A: The average rent in Jackson, MS in 2023 is $1,200 per month.

Q: What is the average rent for a one-bedroom apartment in Jackson, MS in 2023?
A: The average rent for a one-bedroom apartment in Jackson, MS in 2023 is $900 per month.

Q: What is the average rent for a two-bedroom apartment in Jackson, MS in 2023?
A: The average rent for a two-bedroom apartment in Jackson, MS in 2023 is $1,200-$1,400 per month.

Q: What factors affect the rent prices in Jackson, MS?
A: The main factors that affect rent prices in Jackson, MS include location, apartment size and amenities, and market demand.

Q: Are there any areas in Jackson, MS that have lower rent prices?
A: Yes, there are some areas in Jackson, MS that have lower rent prices than others. Some of these areas include West Jackson and Midtown.

Q: Are there any areas in Jackson, MS that have higher than average rent prices?
A: Yes, there are some areas in Jackson, MS that have higher than average rent prices. Some of these areas include downtown Jackson, Fondren, and Eastover.

Q: What is the best way to find an affordable apartment in Jackson, MS?
A: The best way to find an affordable apartment in Jackson, MS is to search online on rental sites, visit apartment complexes in person, and network with friends and family who live in the area. It’s also important to be flexible and open to different apartment sizes and locations.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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