Median Home Price
$125,429.9
Median Rent
$1,343.33/mo
Price-to-Rent RatioBETTER
7.8
Property Tax RateTIE
0.81%
Price Change (1Y)BETTER
+1.3%
Price Change (5Y)BETTER
+6.3%
Break-Even Years
N/A
10-Year Wealth Difference
$11,359
Median Home PriceBETTER
$122,774.7
Median RentBETTER
$1,195.67/mo
Price-to-Rent Ratio
8.6
Property Tax RateTIE
0.81%
Price Change (1Y)
-0.9%
Price Change (5Y)
-4.7%
Break-Even YearsBETTER
12 years
10-Year Wealth DifferenceBETTER
$1,396
Key Differences
Home Prices
Jackson's median home price of $125,429.9 is higher than Meridian's $122,774.7 by 2%.
Monthly Rent
Renting in Jackson costs $1,343.33/mo compared to $1,195.67/mo in Meridian—a difference of $147.66/mo.
Buy vs Rent Verdict
Both cities currently favor either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.