Jackson, MI
The numbers that matter most
What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.
affordable
Price to income
2.81×
The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.
- vs Michigan
- 2.86×-0.04
- vs U.S.
- 3.43×-0.62
Benchmark
ACS median home value ÷ median HHI
comfortable
Rent to income
21.5%
What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.
- vs Michigan
- 22.0%-0.5
- vs U.S.
- 23.3%-1.8
Benchmark
(HUD FMR 2BR × 12) ÷ median HHI
deal-by-deal
Cap rate proxy
4.97%
Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.
- vs Michigan
- 4.81%+0.16
- vs U.S.
- 4.35%+0.62
Benchmark
(FMR 2BR × 12 × 0.65) ÷ ACS median home value
steady
Net migration
+0.12%
Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.
- vs Michigan
- -0.03%+0.15
- vs U.S.
- 0.03%+0.10
Benchmark
IRS net migration ÷ population
tight
Permit pipeline
1.94
permits per 1,000 residents
Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.
- vs Michigan
- 1.68+0.26
- vs U.S.
- 3.52
Benchmark
Census BPS permits TTM ÷ population × 1,000
softening
Unemployment
4.9%
Tighter unemployment means higher wages, more rental demand, lower vacancy.
- vs Michigan
- 4.9%
- vs U.S.
- 3.9%
Benchmark
BLS LAUS, latest month
Where prices are and where they've been
5-year price appreciation
+49.9%
homeValues.yearOverYear
+4.6%
Median home value
$182,900
The rent ladder
| Bedroom | Monthly | Annual | % of median HHI |
|---|---|---|---|
| 1 BR | $946 | $11,352 | 17.5% |
| 2 BR | $1,165 | $13,980 | 21.5% |
| 3 BR | $1,534 | $18,408 | 28.3% |
Labor market direction
Unemployment
4.9%
Median household income
$65,004
What's being built
Total TTM
311
+94.4% YoY
Single-family
209
2–4 unit
0
5+ unit
102
All 1 counties, ranked by population
| County | Population | Home value | Median HHI | Permits TTM | YoY |
|---|---|---|---|---|---|
| Jackson County | 160,637 | $182,900 | $65,004 | 311 | +94.4% |
Similar metros nationally
| Metro | Pop | Med HHI | P/I | Cap proxy | HPI 5y | Permits/1k | Unemp |
|---|---|---|---|---|---|---|---|
| ★Jackson | 160,637 | $65,004 | 2.81× | 4.97% | +49.9% | 1.94 | 4.9% |
| Decatur, AL | 156,218 | $63,987 | — | — | +53.2% | — | 1.9% |
| Bloomington, IN | 161,426 | $62,949 | — | — | +48.5% | — | 2.4% |
| Blacksburg-Christiansburg, VA | 166,304 | $64,627 | — | — | +52.3% | — | 3.5% |
| Vineland-Bridgeton, NJ | 153,588 | $64,499 | — | — | +70.4% | — | 7.4% |
| Elizabethtown-Fort Knox, KY | 155,871 | $67,630 | — | — | +58.9% | — | 4.0% |
Where people are moving in from
Net migration
+198
+0.12% of population
| Origin county | Tax returns |
|---|---|
| Washtenaw County, MI | 340 |
| Ingham County, MI | 297 |
| Wayne County, MI | 274 |
| Lenawee County, MI | 200 |
| Calhoun County, MI | 199 |
| Hillsdale County, MI | 169 |
Who lives in Jackson
- Median age
- 41
- Bachelor's+
- 23.0%
- Owner-occupancy
- 75.0%
- Vacancy rate
- 10.3%
- Rent burdened (30%+)
- 44.1%
- Median household income
- $65,004
This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.