Market Highlights

Located 85 miles northeast of Memphis and 130 miles southwest of Nashville, Jackson is a 4-county MSA with a population of 181,579. Pulling from 9 total counties, the Jackson regional workforce is 300,000 people. Major existing and target industries include Advanced Food Processing (Kellogg), Automotive Suppliers (TBDN, Toyota Boshoku Tennessee), Customer Care Centers (Kirkland’s, Stanley Black and Decker), and Logistics (Kirkland’s). West Tennessee Healthcare, highlighted by its flagship 642-bed Jackson-Madison County General Hospital, is the largest employer in the MSA with 7,000 jobs.

The 120-acre Tiger Jones Technology Park in Jackson is the first site in Tennessee to be designated as an Enterprise Site. Recent activity at the site includes a 36-acre land sale to Great Wolf Lodge, a resort that is expected to create around 500 jobs. Union University and Jackson State Community College combine for an enrollment of over 7,000. Additional universities in the area include Freed-Hardemann, Lane College, and the University of Memphis Lambuth Campus.

The Jackson MSA’s apartment market consists of 47 properties and 5,756 units with an average asking rent of $1,135.

Multifamily Highlights

Major Employers

  1. West Tennessee Healthcare & Jackson-Madison County General Hospital

    7,000 Jobs; 862 Beds  | Learn More
  2. Jackson-Madison County School System

    1,806 Jobs  | Learn More
  3. Delta Faucet Company

    1,315 Jobs  | Learn More
  4. Kellanova (Kellogg) Plant

    1,164 Jobs  | Learn More
  5. Stanley Black & Decker

    1,008 Jobs  | Learn More
  6. Madison County

    898 Jobs  | Learn More
  7. Union University

    824 Jobs; 2,930 Enrollment  | Learn More
  8. City of Jackson

    724 Jobs  | Learn More
  9. The Jackson Clinic

    715 Jobs  | Learn More
  10. Kirklands Home Distribution Center

    572 Jobs  | Learn More
  11. TBDN Tennessee Company

    533 Jobs  | Learn More
  12. Mental Health & Developmental Services

    450 Jobs  | Learn More
  13. Portfolio Recovery Associates

    450 Jobs  | Learn More
  14. Toyota Boshoku Tennessee (TBTN)

    440 Jobs  | Learn More
  15. Jackson State Community College

    436 Jobs; 4,203 Enrollment  | Learn More

Other Demand Drivers

  1. Old Hickory Mall

    538,641 SF | Belk, JCPenney, Hibbett Sports  | Learn More
  2. The Columns

    268,427 SF; Ross, Old Navy, Best Buy, Marshalls, Dick's Sporting Goods  | Learn More
  3. The Ballpark at Jackson

    6,000-seat stadium; Home of Jackson Rockabilly's  | Learn More
  4. Cypress Grove Nature Park

    265 acre park  | Learn More
  5. McKellar-Sipes Regional Airport

    Southern Airways Express  | Learn More
  6. Casey Jones Home & Railroad Museum

    8,000 SF train museum  | Learn More

Sources & Comments

1. This report is based on 4 counties which are part of the Jackson, TN Metropolitan Statistical Area (1) Chester (2) Crockett (3) Gibson (4) Madison

2. Primary Sources: (1) (2) (1) CoStar (2) (6)

3. This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty, or guarantee, expressed or implied as to its accuracy