Department of Numbers

Jackson Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Jackson, MI (the Jackson metro area) was $713 in 2016 according to the Census ACS survey.1 Average gross rent in Jackson was $701 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Jackson median and average rent data will be released in September of 2018.

Data is also available below for Jackson rental vacancy rates, Jackson rent as a percent of median income and the fraction of renters in Jackson.

Show dollars as: Nominal Real

Real Gross Rent in Jackson Michigan (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Michigan Median Gross Rent $818 +0.49% +5.96%
Jackson, MI Median Gross Rent $713 +1.13% +0.56%

Jackson, MI Real Gross Rent Trends

Median gross rent for Jackson peaked in real terms in 2011 at $800 and is now $87 (10.88%) lower. Average gross rent for Jackson peaked in real terms in 2006 at $781 and is now $80 (10.24%) lower. From a recent low of 652.0 in 2010, real average gross rent has now increased by $49 (7.52%).

Real Gross Rent in Jackson: Jackson MI Median, Jackson MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jackson

Date US
Median
Michigan
Median
Jackson, MI
Median
Jackson, MI
Average
2016 $981 $818 $713 $701
2015 $972 $814 $705 $718
2014 $942 $794 $709 $720
2013 $910 $772 $709 $683
2012 $898 $760 $703 $682
2011 $898 $762 $800 $780
2010 $912 $779 $702 $652
2009 $916 $779 $699 $713
2008 $932 $799 $761 $769
2007 $885 $766 $745 $744
2006 $895 $792 $777 $781
2005 $869 $782 $764 $745

Jackson Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Jackson Michigan was 11.99% according to Census ACS data.

Rental Vacancy Rate in Jackson Michigan

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Michigan 5.41% +0.22% -0.63%
Jackson, MI 11.99% +5.04% +2.68%

Trends in Jackson, MI Rental Vacancy Rate

The rental vacancy rate in Jackson peaked in 2005 at 15.70%. Since then it has fallen by 3.71% to 11.99%. Data records for this series originated in 2005. From a 2015 post peak low of 6.95%, the rental vacancy rate has increased by 5.04%.

Rental Vacancy Rate: Jackson MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Jackson

Date US Michigan Jackson, MI
2016 5.89% 5.41% 11.99%
2015 5.85% 5.19% 6.95%
2014 6.32% 5.88% 8.64%
2013 6.49% 6.04% 9.31%
2012 6.77% 6.73% 7.89%
2011 7.40% 7.72% 7.24%
2010 8.17% 9.60% 11.51%
2009 8.43% 9.48% 7.18%
2008 7.86% 9.73% 14.93%
2007 7.87% 9.66% 9.76%
2006 7.70% 10.42% 7.37%
2005 7.74% 10.09% 15.70%

Rent as a Fraction of Income

Using median household income data for Jackson, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jackson, median monthly gross rent as a fraction of median household income was 17.11% in 2016 according to the ACS.

Jackson Michigan Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Michigan 18.70% -0.16% -0.39%
Jackson, MI 17.11% +0.66% -2.26%

Trends in Jackson, MI Rent as a Fraction of Income

The fraction of median Jackson household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.34%. Since then it has fallen by 5.23% to 17.11%.

Fraction of Income towards Rent: Jackson MI, Michigan, US

Percent of median household income going towards median monthly gross rent in Jackson Michigan

Historical Data for Annual Rent as a Fraction of Income in Jackson Michigan

Date US Michigan Jackson, MI
2016 20.43% 18.70% 17.11%
2015 20.63% 18.86% 16.45%
2014 20.89% 18.97% 18.59%
2013 20.78% 19.09% 19.37%
2012 20.65% 19.16% 19.47%
2011 20.70% 19.29% 22.34%
2010 20.50% 19.29% 18.42%
2009 20.12% 18.99% 16.51%
2008 19.00% 17.44% 17.22%
2007 18.66% 17.09% 18.39%
2006 18.90% 17.17% 18.54%
2005 18.89% 17.07% 16.32%

Renter Fraction in Jackson Michigan

You can calculate the renter fraction in Jackson in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Jackson as a fraction of total Jackson households. In 2016 26.53% of households were renters according to Census ACS data.

Jackson Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Michigan 29.68% +0.10% +0.23%
Jackson, MI 26.53% -2.96% -3.91%

Trends in the Jackson, MI Renter Fraction

The Jackson household renter fraction peaked in in 2013 at 30.44% and is now 3.91% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Jackson MI, Michigan, US

Fraction of renters in Jackson

History of Jackson Renter Fraction

Date US Michigan Jackson, MI
2016 36.88% 29.68% 26.53%
2015 36.97% 29.58% 29.49%
2014 36.90% 29.76% 24.51%
2013 36.50% 29.45% 30.44%
2012 36.09% 28.94% 28.51%
2011 35.42% 28.26% 29.71%
2010 34.65% 27.25% 25.12%
2009 34.13% 26.81% 23.31%
2008 33.36% 26.02% 23.07%
2007 32.80% 25.17% 26.25%
2006 32.73% 24.83% 23.40%
2005 33.10% 25.33% 21.58%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.