Rent to own Homes in Jackson, TN
With 950 homes for sale, Jackson has plenty of opportunities for prospective home buyers. The median sales price is $110,000, a more than 5 percent increase over last year. Of the homes available for sale, 117 are foreclosures, making rent to own houses a significant possibility. With the number of sales dropping more than a quarter, more and more homeowners face the necessity of renting, giving renters more negotiating power. Homes range from modest two bedroom offerings to four or more bedrooms, depending on the neighborhood.
Jackson, TN is a great place for affordable rent-to-own homes! With a median household income of over $42,549 and a median rent of $878, the Jackson, TN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Jackson, TN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Jackson, TN Property Resources
Rent to own Homes in Cities Near Jackson, TN
Neighborhoods in Jackson, TN
Downtown Jackson rent to own homes Lawrence rent to own homes Northpointe rent to own homes Jackson Central Business District rent to own homes Stanworth rent to own homes Bemis Historic District rent to own homes Gilmore rent to own homes Westwood Gardens rent to own homes Hicksville rent to own homes South Jackson rent to own homesPopular Zip Codes in Jackson, TN
38301 rent to own homes 38305 rent to own homes 38308 rent to own homesBuying a Home in Jackson, TN
Jackson, TN is seeing rapid growth and Jackson, TN's' housing market remains optimal with an average home price that is -36% below the 2024 national average. Jackson, TN is part of Madison county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Madison is 0.72% which is below the national average, which is 0.99%.
Median Home Price in Jackson, TN
Median Rent in Jackson, TN
Weather and Climate Located in the South, Jackson weather rarely drops below freezing. In January, it is not uncommon to have near freezing temperatures, but the typical range is between 33 and 91 degrees Fahrenheit Most months see more than 4 inches of rain, making the humidity reasonably high. Other than the occasional tornado and flood watches, the weather in Jackson makes it pleasant for residents to spend a lot of time outdoors.
School Statistics Ranked squarely in the middle of the national average when ranked by test scores, Jackson's public primary schools offer a reasonable education. Specific schools meet top national standards, including Madison Academic Magnet High School and Parkview Montessori Magnet School. The availability of magnet schools with high rankings allows children with high academic achievement to remain challenged, while those with extracurricular interests can participate in a wide variety of sports, arts and other educational activities.
Neighborhoods There are three main areas in Jackson to choose from when searching for a home, which are described below: