Housing in Teton County
97% of all land in Teton County has been federally protected, developed, or conserved. This imbalance between supply and demand explains the median sale price of a home in 2015: $1.76M. Without a systemic change in sight, housing affordability promises to remain a long-term issue in our community.
According to the 2010 census, there are roughly 12,800 housing units in Teton County. Of these, less than 11% are "affordable" to our workforce through deed restrictions, rent restrictions, or other permanent protections.
A 2014 Housing Assessment determined that approximately 1,000 employees plan to retire in the next ten years. With less than 11% of our total housing stock affordable to our workforce, we have to ask: how will we fill these positions? As our experienced, caring nurses, teachers, physical therapists, social workers and government employees retire, we have to ask: where will their replacements live?
Currently, an estimated 62% of our workforce lives in Teton County, Wyoming. The need for affordable housing in Jackson Hole is not going away. Even during cycles when the market softens, the disparity between incomes and home prices remains significant and insurmountable for most.