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Jackson Rental Prices Soar

JACKSON, Miss. – Home rental prices are booming across the country with the biggest gains coming from Jackson, Mississippi.

According to real estate data firm Zillow, houses in the Mississippi capital are, on average, renting for $1,169 a month. That’s an increase of 22.7 percent from last year.

Many renters remain worried since prices have grown at close to double the rate of wages.

According to Zillow, 61 percent of Americans believe the country is still in the middle of a housing crisis, even though home purchases are at the highest levels since 2007.

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