Thanks to this being a beautiful, trendy area, the cost of living is high, roughly 50% above the national average, and real estate in town and throughout Jackson Hole is pricey (the median home price is $1.3 million).  That nearly 98% of the Jackson Hole valley is protected national forest also increases prices because private land is limited.   In town, property consists of condos, town homes and single family homes, many with mountain chalet-style or sophisticated log cabin-style architecture.  Small one-bedroom condominiums and town homes can be found in the mid to high $200,000s, but many more are priced in the mid-$400,000s.  Average (for this area) single family homes with 1,500 to 1,600 square feet in Jackson itself start in the mid-$500,000s.   The expensive properties are in the valley.

Here in the Jackson Hole valley exquisite luxury residences nestled in Aspen groves along gentle creeks or carved into rugged mountainsides inspire, let's be honest, awe and envy.   Two bedroom, three bath homes, many with 1/2 acre of land or more and mountain views, start in the $1.25 million range and dramatically increase in price from there.  Condo prices begin in the mid- to high-$400,000s.   Snake River Sporting Club is a private, gated community with home sites beginning at $1.25 million.  Teton Village, 12 miles north of Jackson, is the community at the base of the local ski resort.   Here all residences are considered luxury properties; condominiums start at around $1 million  (and are ski-in/ski out), and single family homes start at roughly $2 million.   There are also ranches for sale in the valley; some of these are working cattle spreads and some are "trophy ranches" owned by city slickers.

 This is an interactive map.  Click on the arrows in the upper left hand corner to move the map to the East, West, North or South, and click on (more than once if necessary) the +/- signs to zoom in and out.

Lots are for sale throughout this area.  In the valley, 75 acres, for example, can cost $1.2 million and 240 acres can run $5 million or more.  Generally, the farther east one travels, away from the Tetons, the less property costs.   Two-acre parcels of prairie land with very distant views of the mountains sell for $80,000 and up.  

Tax on real estate within Jackson and throughout the valley is charged at $58 per $1,000 in assessed value, and property is assessed at 9.5% of fair market value.    On a $500,000 home, the annual tax would be $2,755.   There is no homestead exemption, but there is a veteran's exemption and the Wyoming Department of Health provides annual tax refunds to elderly and disabled residents.  Wyoming does have a homeowner's tax credit program, but it is not always funded.  There is no state personal income tax, and retirement pensions are not taxed.

Jackson, Wyoming Continued...

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