Jackson, MI home prices
Typical home $224,560 · +2.6% in a year · income needed $66,700
The Jackson, MI metro area ranks 550 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.6% in a year and +21.3% over five years. With 20% down at 7.11%, the typical home costs about $1,556 a month including 1.26% property tax (Jackson County rate).
Mortgage on the typical Jackson home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,912 | $179,648 | $1,209 | $0 | $347 | $1,556 | $66,700 |
| 10% down | $22,456 | $202,104 | $1,360 | $84 | $347 | $1,791 | $76,800 |
| 5% down | $11,228 | $213,332 | $1,435 | $89 | $347 | $1,871 | $80,200 |
| 3.5% down (FHA) | $7,860 | $220,493 | $1,483 | $99 | $347 | $1,930 | $82,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.26% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Jackson area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jackson County, MI | $224,556 | +2.6% | 1.26% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Jackson?
The typical home in the Jackson, MI metro area is worth $224,560 (Zillow, September 2026).
What salary do you need to buy a house in Jackson?
About $66,700 a year for the typical home with 20% down at 7.11%.