Rent to own Homes in Jackson, MS
Jackson, Mississippi, calls itself the "City with Soul," and rightfully so. Devastation and turmoil throughout the years were not enough to keep the city from picking up the pieces and rebuilding. Upon its incorporation as a city and its appointment as Mississippi's capital in 1821, Jackson immediately rose to prominence. Restaurants and hotels lined the streets to accommodate legislatures from around the state who came to conduct their political business in the capitol building. Mississippi's supreme court was also located in the city, and attorneys and their clients traveled to the capital to appeal cases, further bolstering the local economy.
After devastation and destruction in the Civil War paired with unrest during the Civil Rights movement, Jackson's economy is now back on track. Primary industries in the city include financial services, agriculture commodities, manufacturing, and government. Consumer National Bank, First American Bank, First Commercial Bank, and Trustmark National Bank all have headquarters in Jackson. It is the most populous city in the state, with 160,628 residents who are more tolerant of each other than ever. After decades of rebuilding, the state is a great option for people who are looking to move. Jackson's rent-to-own homes are affordable, and there are plenty of jobs available - all the more reason to make the "City with Soul" your new hometown.
Jackson, MS is a great place for affordable rent-to-own homes! With a median household income of over $40,064 and a median rent of $856, the Jackson, MS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Jackson, MS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Jackson, MS Property Resources
Rent to own Homes in Cities Near Jackson, MS
Neighborhoods in Jackson, MS
Presidential Hills rent to own homes West Central Jackson rent to own homes South West Jackson rent to own homes Downtown Jackson rent to own homes Belhaven Heights rent to own homes Downtown Fondren Historic District rent to own homes North West Jackson rent to own homes North East Jackson rent to own homes Broadmeadow rent to own homes Midtown Jackson rent to own homesBuying a Home in Jackson, MS
Jackson, MS is seeing rapid growth and Jackson, MS's' housing market remains optimal with an average home price that is -58% below the 2024 national average. Jackson, MS is part of Hinds county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Hinds is 0.79% which is below the national average, which is 0.99%.
Median Home Price in Jackson, MS
Median Rent in Jackson, MS
Average Cost of Living in Jackson, MS
The cost of living in the capital is only 1.2% higher than average for the state and 17.7% lower than the national average. There are cities in Mississippi that are more affordable, but not in the vicinity of Jackson. Surrounding municipalities include Pearl, Byram, Clinton, Richland, and Ridgeland. Pear is .01% lower than Jackson, while the other three cities are 3.8% to 9.8% higher.
Average Home Prices in Jackson, MS
Jackson houses are well-priced for the area. The median home cost in the city is $134,400 - nearly $6,000 higher than Mississippi's average of $128,000 and close to $97,000 below the national average of $231,200. You'll pay $128,700 for a home in Pearl, but in other neighboring cities like Byram, Clinton, Richland, and Ridgeland, prices range between $147,600 and $194,700. Rent-to-own homes in Jackson are affordable, but even more so compared to the rest of the region.
Jackson, MS Statistics
If you're interested in Jackson, MS rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Jackson, MS statistics compared to the U.S. national average.
| Jackson Averages | National Averages | |
|---|---|---|
| One-Way Commute | 20.5 minutes | 26.4 minutes |
| Violent Crime | 45.8 | 22.7 |
| Property Crime | 71.8 | 35.4 |
| Unemployment Rate | 6.1% | 3.9% |
| Income Tax Rate | 5.0% | 4.6% |
| Air Quality | 42 | 58 |
| Water Quality | 20 | 55 |
| Median Household Income | $33,080 | $53,482 |
| Median Property Taxes | $1,357 | $2,200 |
| Utilities | $160/month | $112/month |
| Monthly Rent | $825 | $1,470 |
| Median Home Cost | $134,400 | $231,200 |
| Median Home Age | 48 years | 40 years |
Popular Amenities and Attractions in Jackson, MS
There's plenty of opportunity for education in Jackson. There are four schools of higher learning with over 12,000 students enrolled in the city, and another 3,000 in the University of Mississippi Medical Center. Nearly 38% of people living in the Jackson area aged 25 years and older have an advanced degree. Jackson preserves a lot of Mississippi's history in its museums. The Mississippi Civil Rights Museum and the Museum of Mississippi History are located in two adjacent buildings in Jackson's downtown. You can learn about the state's early inhabitants, Native Americans, European settlement, the civil rights movement, and more between the two museums.
Due to the city's destruction during the Civil War, the only buildings in Jackson that predate the 1850s are the old capitol and the governor's mansion. Both structures have been restored and turned into museums. Visit the Old Capitol Museum and the Mississippi Governor's Mansion to see stunning Greek architecture and learn about what transpired in those buildings while they were in operation.
If you're a sports fan, Jackson has something for you as well. Many athletes and sports personalities originated from Mississippi. You can learn about their careers and the state's sports heritage at the Mississippi Sports Hall of Fame and Museum. For educational entertainment for people of all ages, visit the Mississippi Museum of Natural Science and the Jackson Zoo.
The "City with Soul" has so much to offer, including a history of rebounding when the going gets tough. If you're looking for a city with employment and education opportunities and whose residents understand the importance of civil rights, you've come to the right place - Jackson, Mississippi.