Median Home Price
$222,285.58
Median Rent
$1,386.34/mo
Price-to-Rent Ratio
13.4
Property Tax RateTIE
0.71%
Price Change (1Y)BETTER
-1.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$51,775
Median Home PriceBETTER
$215,746.14
Median RentBETTER
$1,363.63/mo
Price-to-Rent RatioBETTER
13.2
Property Tax RateTIE
0.71%
Price Change (1Y)
-1.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$47,776
Key Differences
Home Prices
Jackson's median home price of $222,285.58 is higher than Memphis's $215,746.14 by 3%.
Monthly Rent
Renting in Jackson costs $1,386.34/mo compared to $1,363.63/mo in Memphis—a difference of $22.71/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.