Brokers — List your Company Here
Featured local agent — ZIP 49203
Sarah Mitchell
Compass Real Estate · ZIP 49203
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
49203 ZIP Code Housing Market
$182,500median sale price
What is the 49203 housing market like right now?
The median home sale price in ZIP code 49203 is $182,500, down 5.6% year-over-year. Homes sell in an average of 56 days with 116 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 49203 ZIP code a buyer's or seller's market?
ZIP code 49203 is currently a leaning buyer's and homes selling in about 56 days. How we determine this →
What are the latest 49203 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $182,500 |
| Median list price | $188,850 |
| Year-over-year price change | -5.6% |
| Average days on market | 56 days |
| Active inventory | 116 listings |
| Sale-to-list price ratio | 98.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 49203 zip code, located in Jackson, MI, is currently classified as a leaning buyer's. The median sale price stands at $182,500, representing a -5.6% change year over year. Homes in this area spend an average of 56 days on the market before going under contract. There are currently 116 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 49203 sits in the Jackson, MI area, roughly 1.5 miles from downtown Jackson. Because home prices are set street by street, this ZIP can move differently from Jackson's citywide averages. The figures below reflect 49203 specifically — drawn from Redfin transactions, U.S. Census data for its 36,474 residents, and Zillow value estimates.
Homes sold
122
Last 12 weeks
Days on market
56
Average pace
Active listings
116
Sale-to-list
98.3%
Below asking
What is driving the 49203 housing market?
The 49203 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 49203 have declined -5.6% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 49203 stands at $172,963, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,205 per month. This gives a price-to-rent ratio of approximately 12.0, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 49203?
Population
36,474
Median income
$56,201/yr
Median age
39 years
Owner-occupied
66.9%
College grads
22.4%
Avg commute
16.42 min
What is it like living in 49203?
Zip code 49203 is home to approximately 36,474 residents. The median household income is $56,201 per year, which shapes the types of homes and amenities available in the area. With a median age of 39 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 66.9% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 22.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 16.42 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 49203.
Which public schools serve ZIP 49203?
12 schools tracked · 3,009 students
The largest public schools serving ZIP code 49203 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Middle School at Parkside
Grades 6-8 · 759 students
Cascades Elementary School
Grades K-5 · 398 students
Townsend Elementary School
Grades PK-6 · 360 students
Sharp Park Academy
Grades K-5 · 318 students
Vandercook Lake High School
Grades 7-12 · 294 students
Dibble Elementary School
Grades K-5 · 276 students
Jackson ISD Local Based Special Education Programs
Grades PK-12 · 264 students
John R Lewis Elementary
Grades K-5 · 136 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 49203
What is the median home price in 49203?
The current median sale price in 49203 is $182,500, based on recent Redfin transaction data. Prices have changed -5.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 49203 a buyer's or seller's market?
The 49203 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 49203?
Zip code 49203 has a population of approximately 36,474 residents. The median household income is $56,201 per year. About 66.9% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 49203?
Properties Incorporated provides comprehensive data for 49203 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 49203 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
Be the brokerage on this page
1 slot per pageGet featured on ZIP 49203
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this neighborhood. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get zip code 49203 market alerts
Weekly updates on prices, inventory, and trends. Free forever.