Airbnb City Guide: The Best Places To Invest in Jackson, Mississippi

Airbnb Rules and Regulations in Jackson, Mississippi

In 2024, Jackson, Mississippi, has implemented specific regulations for short-term rental operations to ensure community harmony and safety. Hosts are required to obtain a permit from the city, which involves a compliance check with local zoning laws. Additionally, there is a mandatory safety inspection that properties must pass, focusing on fire safety and general habitability standards. Jackson has also introduced a cap on the number of days a property can be rented out annually to 180 days, aiming to balance the needs of short-term visitors and long-term residents.

Noise ordinances are strictly enforced, with quiet hours set from 10 PM to 7 AM. Hosts must also collect and remit local occupancy taxes to the city, aligning with Jackson's efforts to benefit from the thriving short-term rental market while minimizing disruptions to its neighborhoods. These measures reflect the city's proactive approach to integrating the economic advantages of short-term rentals with the preservation of community welfare.

Jackson Airbnb Market Data:

• Average Revenue – $24.4K per year
• Average Daily Rate – $155.7 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $67.1
• Average Home Prices – $61,474

1. Top Place to Invest in Jackson, Mississippi - Fondren

Fondren, the historic heart of Jackson, Mississippi, is a neighborhood brimming with character, offering a mix of artistic flair and Southern hospitality. It's a community where eclectic local businesses and vibrant street life paint a picture of a lively, engaging area.

Fondren Airbnb Market Data:

• Average Revenue – $27.2K per year
• Average Daily Rate – $151.9 per night
• Average Occupancy Rate – 49%
• Average RevPAR – $75

Convenience - 6/10

Fondren's convenience is moderate, with essential amenities within reach but a reliance on personal transportation. The area's walkability to local shops and restaurants is a plus, yet public transport options are not as robust, affecting the score.

Tourist Attractions - 7/10

Tourist attractions in Fondren are quite charming, with the neighborhood's historic streets, local art galleries, and annual festivals drawing visitors. While it may not have the draw of a major tourist destination, its cultural offerings are significant.

Things to Do - 8/10

Fondren has no shortage of activities, from exploring the vibrant arts scene to enjoying the culinary delights of local eateries. The neighborhood's community events and live music venues offer entertainment that appeals to a wide audience.

Average Home Prices - 5/10

The average home price in Fondren stands at $223,284, with a notable decrease in home values by 7.4% compared to the previous year. This depreciation suggests a buyer's market, yet the lower prices may attract investors looking for value purchases.

Proximity to Work-Related Travel - 6/10

Fondren's location offers reasonable access to Jackson's main hospitals and business districts, but it is less ideal for those needing to travel to convention centers or sports venues regularly.

'X-Factor' - 9/10

Fondren presents a good investment opportunity for investors looking to start an Airbnb business, particularly those looking to capitalize on its cultural richness and lower property prices. While the area's convenience and proximity to work-related travel are average, its unique character and range of activities provide a strong draw for visitors.

2. Top Place to Invest in Jackson, Mississippi - Belhaven

Belhaven, a historic district in Jackson, Mississippi, is a neighborhood steeped in charm and culture. It's a community where the arts flourish amidst tree-lined streets and stately homes, offering a warm Southern welcome to all who visit.

Belhaven Airbnb Market Data:

• Average Revenue – $27.2K per year
• Average Daily Rate – $148.9 per night
• Average Occupancy Rate – 50%
• Average RevPAR – $73.9

Convenience - 7/10

Belhaven's convenience is notable, with its central location providing easy access to downtown Jackson and major highways. The neighborhood's amenities, including grocery stores and cafes, are within walking distance for many residents. However, public transportation options are limited, which slightly lowers the score.

Tourist Attractions - 8/10

Belhaven is rich in attractions, with the Eudora Welty House and Garden and Belhaven University's cultural events drawing visitors. The neighborhood's historic homes and the Belhaven Town Center add to its tourist appeal, though it may not have the widespread recognition of larger tourist destinations.

Things to Do - 9/10

There is a wealth of activities in Belhaven, from dining at acclaimed restaurants like Elvie's to enjoying performances at local theaters. The neighborhood's vibrant arts scene and community events offer diverse entertainment options catering to various interests.

Average Home Prices - 6/10

The average price for a three-bedroom standalone home in Belhaven hovers around $295,000, above the median housing price in Jackson. While this indicates a healthy demand for homes in the area, the higher entry cost may be a barrier for some investors.

Proximity to Work-Related Travel - 7/10

Belhaven's proximity to Jackson's business and medical districts, including several hospitals and the convention center, makes it convenient for work-related travel. Its location may not be as optimal for those frequently traveling to sports venues, which are situated further away.

'X-Factor' - 9/10

Belhaven's 'X-factor' is its historical and cultural richness. The neighborhood's association with literary figures, architectural diversity, and strong sense of community make it a unique and desirable location for launching short-term rentals, particularly for those looking to capitalize on its charm and character.

3. Top Place to Invest in Jackson, Mississippi - Washington Addition

Washington Addition in Jackson, Mississippi, is a neighborhood with a rich historical backdrop and a vibrant community spirit. This area offers a unique blend of cultural heritage and modern urban development, making it an intriguing option for real estate investors.

Washington Addition Airbnb Market Data:

• Average Revenue – $10.9K per year
• Average Daily Rate – $82.6 per night
• Average Occupancy Rate – 36%
• Average RevPAR – $30

Convenience - 5/10

Washington Addition's convenience is moderate. It benefits from being close to major roads that connect to downtown Jackson, enhancing accessibility. However, public transportation options are limited, and residents often rely on personal vehicles for commuting, which can detract from its overall convenience for visitors and residents alike.

Tourist Attractions - 4/10

While not a major tourist destination, Washington Addition is near some of Jackson's cultural sites, such as the nearby universities and historical landmarks. The area lacks direct tourist attractions, impacting its score in this category.

Things to Do - 6/10

The neighborhood is close to several of Jackson's larger parks and museums, which are just a short drive away. Local events and community gatherings are common, which might appeal to visitors looking for an authentic local experience. However, the variety of activities within the neighborhood itself is somewhat limited.

Average Home Prices - 7/10

As of 2024, the median listing price in Washington Addition is approximately $29,651, with homes appreciating at a rate of 4.4% over the past year. This low entry cost for investment is attractive, though the modest appreciation rate suggests a slower return on investment compared to more rapidly growing areas.

Proximity to Work-Related Travel - 6/10

The neighborhood's proximity to Jackson State University and other educational institutions provides some opportunities for rental demand from academic professionals and staff. However, its distance from Jackson's main business hubs and medical centers might limit its appeal to those who prioritize a short commute.

'X-Factor' - 8/10

Washington Addition's 'X-factor' lies in its deep historical roots and the strong sense of community. Washington Addition offers a unique angle not found in more commercially developed zones for investors looking to market properties with a story or those who value community-driven areas.

4. Top Place to Invest in Jackson, Mississippi - Downtown

Downtown Jackson, the vibrant heart of Mississippi's capital, offers a dynamic blend of history, culture, and modernity, making it an attractive locale for investors and visitors alike. This bustling area is the administrative hub and a cultural hotspot, providing a rich tapestry of experiences.

Downtown Airbnb Market Data:

• Average Revenue – $11.7K per year
• Average Daily Rate – $106.6 per night
• Average Occupancy Rate – 30%
• Average RevPAR – $25.1

Convenience - 9/10

Downtown Jackson excels in convenience with its comprehensive public transportation network and pedestrian-friendly streets. The area is well-served by numerous bus routes and is easily navigable on foot, offering quick access to local amenities and services. The only drawback is the occasional traffic congestion during peak hours.

Tourist Attractions - 8/10

The district is rich in attractions, including the Mississippi State Capitol, the Mississippi Museum of Art, and Thalia Mara Hall. While these sites draw a steady stream of visitors, the area's appeal might be slightly niche, focusing primarily on those interested in arts and history.

Things to Do - 9/10

Downtown Jackson is bustling with activities ranging from cultural exhibitions at its numerous museums to live music events and festivals. The area's vibrant nightlife and culinary scene offer something for everyone, making it a lively place to explore year-round.

Average Home Prices - 6/10

As of 2024, the average home price in Downtown Jackson is approximately $195,500, experiencing a significant depreciation of 14.1% from the previous year. This decrease in property values, while potentially a concern, also presents a lower barrier to entry for investors.

Proximity to Work-Related Travel - 8/10

Downtown Jackson is ideally located for corporate rentals, targeting those visiting for work-related travel, housing the Jackson Convention Complex, and numerous business headquarters. Its central location is perfect for professionals looking for minimal commute times, though the area can be less appealing for those needing frequent access to suburban or industrial zones.

'X-Factor' - 9/10

Downtown Jackson's 'X-factor' lies in its rich cultural tapestry and historical significance. The area's ongoing revitalization efforts and its status as a cultural and governmental hub make it uniquely positioned to offer a blend of educational, recreational, and investment opportunities.

5. Top Place to Invest in Jackson, Mississippi - Northpointe

Northpointe, a suburban neighborhood in Jackson, Mississippi, offers a blend of residential comfort and accessibility, making it a prime location for real estate investment. Known for its well-established homes and peaceful environment, Northpointe caters to those seeking a suburban lifestyle with city amenities close at hand.

Northpointe Airbnb Market Data:

• Average Revenue – $29.5K per year
• Average Daily Rate – $197.1 per night
• Average Occupancy Rate – 41%
• Average RevPAR – $81.9

Convenience - 7/10

Northpointe is noted for its convenience, with easy access to major highways and a variety of local amenities. The area's reliance on personal vehicles is balanced by its efficient road network, facilitating smooth commutes to and from Jackson's core. However, limited public transportation options slightly lower its score.

Tourist Attractions - 4/10

While Northpointe itself lacks major tourist attractions, its proximity to downtown Jackson allows residents and visitors quick access to the city's museums and cultural sites. The neighborhood's quiet charm is not a tourist draw on its own, which is reflected in the lower score.

Things to Do - 6/10

The neighborhood offers a range of activities primarily centered around community and family life, including local parks and recreational areas. While it may not boast the vibrant nightlife or array of dining options found in more central locations, it provides a peaceful setting for family-oriented activities.

Average Home Prices - 7/10

In 2024, the median real estate price in Northpointe is $361,071, with homes appreciating at a steady rate. This price point makes it more expensive than many other neighborhoods in Mississippi, but it also offers stability for investors looking for long-term growth in a well-established area.

Proximity to Work-Related Travel - 8/10

Northpointe's strategic location near major roads provides excellent connectivity to Jackson's business districts and medical centers, making it ideal for professionals. Its accessibility to the city's commercial hubs enhances its appeal to potential renters working in Jackson.

'X-Factor' - 8/10

Northpointe's 'X-factor' lies in its community feel and the quality of life it offers. The neighborhood's well-maintained homes, safety, and quiet, family-friendly atmosphere make it desirable for all visitors, distinguishing it from more transient, high-traffic areas.