How much house does $500,000 buy you in Jackson?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Jackson?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Jackson right now. Listings below $500,000 were included if necessary.
708 Ratliff Ferry Rd, Canton, MS 39046
- Price: $495,000
- 6 bedrooms, 4 bathrooms
- Square feet: 5,100
- See 708 Ratliff Ferry Rd, Canton, MS 39046 on Redfin.com
211 Monterey Dr, Clinton, MS 39056
- Price: $495,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 3,754
- See 211 Monterey Dr, Clinton, MS 39056 on Redfin.com
865 Wellington Way, Madison, MS 39110
- Price: $489,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 3,130
- See 865 Wellington Way, Madison, MS 39110 on Redfin.com
1005 Laramie Ct, Madison, MS 39110
- Price: $493,500
- 5 bedrooms, 4 bathrooms
- Square feet: 2,900
- See 1005 Laramie Ct, Madison, MS 39110 on Redfin.com
132 Pine Ridge Cir, Brandon, MS 39047
- Price: $499,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,528
- See 132 Pine Ridge Cir, Brandon, MS 39047 on Redfin.com
138 Sunflower Rd, Madison, MS 39110
- Price: $490,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,478
- See 138 Sunflower Rd, Madison, MS 39110 on Redfin.com
1120 Pointe Cv, Brandon, MS 39042
- Price: $499,950
- 4 bedrooms, 4 bathrooms
- Square feet: 3,881
- See 1120 Pointe Cv, Brandon, MS 39042 on Redfin.com
201 Bronson Bnd, Flowood, MS 39047
- Price: $489,900
- 4 bedrooms, 4 bathrooms
- Square feet: 2,619
- See 201 Bronson Bnd, Flowood, MS 39047 on Redfin.com
231 Greenfield Pl, Brandon, MS 39047
- Price: $497,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,061
- See 231 Greenfield Pl, Brandon, MS 39047 on Redfin.com
524 Heatherstone Ct, Ridgeland, MS 39157
- Price: $498,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,185
- See 524 Heatherstone Ct, Ridgeland, MS 39157 on Redfin.com
434 Laural Ct, Madison, MS 39110
- Price: $489,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,993
- See 434 Laural Ct, Madison, MS 39110 on Redfin.com
222 Westfield Rd, Ridgeland, MS 39157
- Price: $499,999
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,828
- See 222 Westfield Rd, Ridgeland, MS 39157 on Redfin.com
101 Blackberry Patch, Madison, MS 39110
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,696
- See 101 Blackberry Patch, Madison, MS 39110 on Redfin.com
624 Falon Way, Brandon, MS 39047
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,683
- See 624 Falon Way, Brandon, MS 39047 on Redfin.com
340 Oakville Cir, Brandon, MS 39047
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,395
- See 340 Oakville Cir, Brandon, MS 39047 on Redfin.com
218 Bronson Bnd, Jackson, MS 39232
- Price: $488,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,384
- See 218 Bronson Bnd, Jackson, MS 39232 on Redfin.com
2 White Oak Pl, Clinton, MS 39056
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 4,528
- See 2 White Oak Pl, Clinton, MS 39056 on Redfin.com
231 Bronson Bnd, Jackson, MS 39232
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,640
- See 231 Bronson Bnd, Jackson, MS 39232 on Redfin.com
157 Speers Valley Rd, Brandon, MS 39042
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,015
- See 157 Speers Valley Rd, Brandon, MS 39042 on Redfin.com
106 Skiers Pt, Canton, MS 39046
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,762
- See 106 Skiers Pt, Canton, MS 39046 on Redfin.com
1411 Rudder Way, Brandon, MS 39047
- Price: $495,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,403
- See 1411 Rudder Way, Brandon, MS 39047 on Redfin.com
518 Heatherstone Ct, Ridgeland, MS 39157
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,900
- See 518 Heatherstone Ct, Ridgeland, MS 39157 on Redfin.com
439 Crossvine Pl, Madison, MS 39110
- Price: $499,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,540
- See 439 Crossvine Pl, Madison, MS 39110 on Redfin.com
100 Waterford Ln, Madison, MS 39110
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,934
- See 100 Waterford Ln, Madison, MS 39110 on Redfin.com
122 Breakers Ln, Ridgeland, MS 39157
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,464
- See 122 Breakers Ln, Ridgeland, MS 39157 on Redfin.com
119 Shore View Dr, Madison, MS 39110
- Price: $490,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,429
- See 119 Shore View Dr, Madison, MS 39110 on Redfin.com
106 La Salle St, Madison, MS 39110
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,213
- See 106 La Salle St, Madison, MS 39110 on Redfin.com
108 Brashear St, Madison, MS 39110
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,023
- See 108 Brashear St, Madison, MS 39110 on Redfin.com
21 Breakers Ln, Ridgeland, MS 39157
- Price: $499,000
- 1 bedroom, 3 bathrooms
- Square feet: 1,704
- See 21 Breakers Ln, Ridgeland, MS 39157 on Redfin.com
