ZIP Code · MI

ZIP 49203

Part of Jackson, MI

Pop. 36,474·Jackson County·148th most expensive ZIP in Michigan

Median rent (all units)

$1,162/mo

Year-over-Year

+6.0%

Month-over-Month

-1.6%

vs US Median

-$770

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 49203 · $1,162

More affordable than 93% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$910

1 BR

$1,020

2 BR

$1,260

3 BR

$1,660

4 BR+

$1,760

Research median

$1,260/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Michigan

Rent in ZIP 49203 changed +6.0% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($56,201) is $1,405 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,260); a 3-bedroom is $1,660.

From Zillow's monthly rent index (ZORI) for ZIP 49203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,944/yr

At $1,162/mo median

Location

CityJackson

StateMI

CountyJackson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (6.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+6.0% YoY, -1.6% MoM), not inventory.

Demographics

Who lives here

ZIP 49203 (Jackson, MI) is majority owner-occupied, has a median income below the national average, 22.4% of residents hold a bachelor's degree or higher.

Population

36,474

Median income

$56,201

Median age

Renters

33.1%

Age distribution

22.8%

22.5%

23.5%

12.1%

19.1%

Under 1822.8%

18–3422.5%

35–5423.5%

55–6412.1%

65+19.1%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

74.3%

13.4%

White74.3%

Black13.4%

Hispanic4.8%

Asian0.8%

Other6.6%

Education (25+)

32.9%

36.8%

22.4%

No HS diploma8%

HS diploma32.9%

Some college36.8%

Bachelor's+22.4%

Housing tenure

66.9%

33.1%

Owner66.9%

Renter33.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 49203 in Jackson, MI has changed in 5 years

Income

$50,073 → $56,201

up 12.2%

Population

37,745 → 36,474

down 3.4%

Renter share

32.9% → 33.1%

+0.2 pts

Bachelor's+

22.7% → 22.4%

-0.3 pts

Local incomes tracked alongside that move, going from a median of $50,073 in 2021 to $56,201 more recently. Headcount in the area went from 37,745 to 36,474 between 2021 and 2024, a 3.4% change.

Community

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Local insights

Tips for renters in ZIP 49203

About renting in ZIP 49203

Last updated: October 17, 2026

ZIP code 49203 covers Jackson, MI. The median rent here is $1,162/mo as of October 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,260/mo.

At 25% of local median household income ($56,201/yr), ZIP 49203 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 49203?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (about $22/hour full-time) to afford the median rent of $1,162/mo in ZIP 49203. The local median household income is $56,201/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 49203?

Rent in ZIP 49203 has risen 6.0% over the past year.

How does ZIP 49203 compare to other ZIPs in Michigan?

ZIP 49203 is one of the more affordable among Michigan ZIP codes for rent, ranking #148 of 168 at $1,162/mo. Over the year to September 2026, rent in ZIP 49203 changed +6.0%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.