Jackson, Mississippi, is experiencing notable shifts in its housing market, characterized by rising home values and significant new developments that are reshaping the city’s real estate landscape.
Surge in Home Values
Recent data indicates a substantial increase in home values across Jackson. According to Redfin, the median sale price of a home in Jackson reached $140,000 in March 2026, marking a 29% rise compared to the previous year. This upward trend suggests a growing demand for housing in the area. Source
New Developments Enhancing the Community
Several new housing projects are contributing to the city’s evolving landscape:
The Flats at Fondren
In April 2026, construction began on The Flats at Fondren, a $59 million apartment complex located on Mitchell Avenue. This development will offer 234 units, including one, two, and three-bedroom apartments, along with amenities such as a pool, fitness center, and game room. The project aims to attract professionals seeking quality, walkable living options. Source
Noel Place
Completed in February 2025, Noel Place is a 27-unit affordable housing development in Jackson’s Midtown neighborhood. The project features two- and three-bedroom homes, including townhomes, apartments, and detached single-family houses. Designed for residents earning 60% or less of the area median income, Noel Place includes units set aside for individuals with special needs. Source
The Pearl
The Pearl is a 76-unit affordable housing development that transformed a former Holiday Inn Motel into apartments reserved for seniors aged 55 and over. The project also includes an on-site healthcare clinic and units designated for people with disabilities and formerly homeless individuals and families. Source
Market Dynamics
Despite the rise in home values, Jackson’s housing market remains relatively affordable compared to national averages. The median listing price in Jackson is approximately $103,800, offering accessible options for first-time buyers. Additionally, the rental market has seen a slight decrease in median rental prices, providing opportunities for renters. Source
These developments and market trends reflect Jackson’s ongoing growth and the city’s commitment to providing diverse housing options for its residents.