How much is a home worth in ZIP code 49203?

The typical home in 49203 is worth $169,281, based on the Zillow Home Value Index.

Are home values rising in 49203?

Home values in 49203 are up 2.6% over the past year, and up 5.0% a year over five years.

What is the typical rent in 49203?

A typical home in 49203 rents for about $1,266 a month, a gross rental yield of 9.0%.

What is the property tax rate in 49203?

The effective property tax rate in 49203 is 1.2% — roughly $1,993 a year on a typical home.

ZIP code 49203 has a population of 36,474 and a median household income of $56,201.

HousingHandbookReference data

…

U.S. ZIP Code · MI49203

Jackson County · Jackson, MI

Typical home value

$169,281^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +5.0%
10-year / yr: +6.5%

Relative price

vs U.S.: -40.4%
vs metro: -34.3%
vs state: -29.2%

Price history

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

The typical home in 49203 is worth $169,281 — 34.3% below the Jackson, MI median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,266 a month — a 9.0% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,266^[2]
Gross yield: 9.0%^[2]
Cap rate: 5.4%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $1,993^[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: 36,474^[3]
Median household income: $56,201^[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: 12
Elementary: 6
Middle: 2
High: 2

Middle School at Parkside
Middle · Grades 6–8 · Jackson Public Schools
759 students
Cascades Elementary School
Elementary · Grades K–5 · Jackson Public Schools
398 students
Townsend Elementary School
Elementary · Grades PK–6 · Vandercook Lake Public Schools
360 students
Sharp Park Academy
Elementary · Grades K–5 · Jackson Public Schools
318 students
Vandercook Lake High School
High · Grades 7–12 · Vandercook Lake Public Schools
294 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 yield9.0%

Net yield (after ~40% expenses)5.4%

Annual rent$15,195

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$856

Loan principal$135,425

Down payment$33,856

Total interest paid$172,727

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 ratio0.92

Monthly cost to own$1,164

Monthly rent$1,266

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: 81st percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 81st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49203?: The typical home in 49203 is worth $169,281, based on the Zillow Home Value Index.
Are home values rising in 49203?: Home values in 49203 are up 2.6% over the past year, and up 5.0% a year over five years.
What is the typical rent in 49203?: A typical home in 49203 rents for about $1,266 a month, a gross rental yield of 9.0%.
What is the property tax rate in 49203?: The effective property tax rate in 49203 is 1.2% — roughly $1,993 a year on a typical home.
Who lives in 49203?: ZIP code 49203 has a population of 36,474 and a median household income of $56,201.

#Comparable ZIPs

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

49202 vs 49203 →
Jackson, MI
Typical home
$138,825
Gross yield
10.3%
49284 vs 49203 →
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%

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Pit ZIP 49203 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI49203

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