Rent, population, and median household income are important factors to consider for a 1031 exchange in Jackson due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Jackson, Mississippi is a part of the Jackson, MS metropolitan area, and contains 27 zip codes, including: 39213, 39283, 39216, 39282, 39286, and 39296.
Jackson Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jackson, MS metropolitan area was $812, which is 10.03% lower than 2014 average rent. This represents a compounded annual growth rate of 1.93%. 2019 vacancy in Jackson, MS was 3.00%.
The total population of the city of Jackson, MS has decreased 5.24% since 2010. As of 2018, the population was 164,422. The median household income of the Jackson was $37,563, which is 37.70% lower than the national average.
- metropolitan area Jackson, MS
- avg rent $812
- rent growth 10.03%
- vacancy 3.00%
- median income $37,563
- population (2018) 164,422
- population growth -5.24%
- vs. nat'l avg 37.70%
- zip codes 39201 39202 39203 39204 39205 39206 39207 39209 39210 39211 39212 39213 39215 39216 39217 39225 39236 39250 39269 39271 39282 39283 39284 39286 39289 39296 39298
