Jackson, TN

There are many factors influencing the real estate market in Jackson, TN and the metropolitan statistical area (MSA). The following is a brief overview of some of the most important trends affecting the market.

The population in Jackson, TN and the MSA has been growing steadily for several years. This growth is expected to continue, which will increase demand for housing. The median home price in Jackson, TN was $160,000 in 2019, and prices are expected to rise as demand increases.

The job market in Jackson, TN is strong, with an unemployment rate of just 3.4% in 2019. This low unemployment rate means that more people have the income necessary to buy a home. Additionally, many people who work in Jackson commute from surrounding areas, which also increases demand for housing.

The inventory of homes for sale in Jackson, TN has been tight in recent years. This has caused prices to increase and made it difficult for buyers to find a home that meets their needs. However, new construction is increasing the supply of homes on the market, which should help to keep prices from rising too rapidly.

Overall, the real estate market in Jackson, TN is healthy and expected to continue growing in the coming years. Population growth and a strong job market will drive up demand for housing while new construction helps to keep prices from rising too quickly.