How much is a home worth in ZIP code 49202?

The typical home in 49202 is worth $138,825, based on the Zillow Home Value Index.

Are home values rising in 49202?

Home values in 49202 are up 2.6% over the past year, and up 4.9% a year over five years.

What is the typical rent in 49202?

A typical home in 49202 rents for about $1,196 a month, a gross rental yield of 10.3%.

What is the property tax rate in 49202?

The effective property tax rate in 49202 is 1.4% — roughly $1,877 a year on a typical home.

ZIP code 49202 has a population of 18,519 and a median household income of $42,632.

HousingHandbookReference data

…

U.S. ZIP Code · MI49202

Jackson County · Jackson, MI

Typical home value

$138,825^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +4.9%
10-year / yr: +7.6%

Relative price

vs U.S.: -51.1%
vs metro: -46.2%
vs state: -41.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 49202 is worth $138,825 — 46.2% below the Jackson, MI median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,196 a month — a 10.3% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,196^[2]
Gross yield: 10.3%^[2]
Cap rate: 6.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.4%^[3]
Typical annual tax: $1,877^[3]

#Climate risk

FEMA National Risk Index ratings for Jackson County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 18,519^[3]
Median household income: $42,632^[3]

#Migration

Household moves in and out of Jackson County over a year, from IRS tax-return data.

Net migration: -10^[5]
Moved in: 2,942
Moved out: 2,952

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 6
Middle: 0
High: 2

Northwest Early Elementary School
Elementary · Grades K–2 · Northwest Community Schools
849 students
Northwest Elementary School
Elementary · Grades 3–5 · Northwest Community Schools
757 students
Northeast Elementary School
Elementary · Grades K–5 · Jackson Public Schools
502 students
South Central Michigan Virtual
Other · Grades K–12 · Jackson Public Schools
426 students
East Jackson Secondary School
High · Grades 7–12 · East Jackson Community Schools
373 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield10.3%

Net yield (after ~40% expenses)6.2%

Annual rent$14,357

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$702

Loan principal$111,060

Down payment$27,765

Total interest paid$141,651

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.81

Monthly cost to own$974

Monthly rent$1,196

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 75th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49202?: The typical home in 49202 is worth $138,825, based on the Zillow Home Value Index.
Are home values rising in 49202?: Home values in 49202 are up 2.6% over the past year, and up 4.9% a year over five years.
What is the typical rent in 49202?: A typical home in 49202 rents for about $1,196 a month, a gross rental yield of 10.3%.
What is the property tax rate in 49202?: The effective property tax rate in 49202 is 1.4% — roughly $1,877 a year on a typical home.
Who lives in 49202?: ZIP code 49202 has a population of 18,519 and a median household income of $42,632.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

49203 vs 49202 →
Jackson, MI
Typical home
$169,281
Gross yield
9.0%
49284 vs 49202 →
Springport, MI
Typical home
$203,001
Gross yield
—
49254
Michigan Center CDP, MI
Typical home
$203,183
Gross yield
—
49237
Concord, MI
Typical home
$241,256
Gross yield
—
49241
Hanover, MI
Typical home
$242,415
Gross yield
—
49201
Napoleon CDP, MI
Typical home
$249,104
Gross yield
5.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 49202 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI49202

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