Jackson, WY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Jackson, WY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Jackson Housing Market Information

With a population of 10,532, 3,799 total housing units (homes and apartments), and a median house value of $901,779, Jackson house prices are not only among the most expensive in Wyoming, Jackson real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Jackson, accounting for 39.62% of the town's housing units. Other types of housing that are prevalent in Jackson include large apartment complexes or high rise apartments ( 27.73%), duplexes, homes converted to apartments or other small apartment buildings ( 20.37%), and a few row houses and other attached homes ( 7.45%).

People in Jackson primarily live in small (one, two or no bedroom) single-family detached homes. Jackson has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Jackson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Jackson built between 2000 and later ( 22.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.26%). There's also some housing in Jackson built before 1939 ( 2.75%).

Vacant housing appears to be an issue in Jackson. Fully 18.89% of the housing stock is classified as vacant. Left unchecked, vacant Jackson homes and apartments can be a drag on the real estate market, holding Jackson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Jackson Home Appreciation Rates

In the last 10 years, Jackson has experienced some of the highest home appreciation rates of any community in the nation. Jackson real estate appreciated 33.76% over the last ten years, which is an average annual home appreciation rate of 2.95%, putting Jackson in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jackson definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Jackson that despite a nationwide downturn in the housing market, Jackson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jackson appreciation rates continue to be some of the highest in America, at 9.39%, which is higher than appreciation rates in 89.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jackson. Jackson appreciation rates in the latest quarter were at 1.77%, which equates to an annual appreciation rate of 7.26%.

Importantly, this makes Jackson one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Wyoming, our data show that Jackson's latest annual appreciation rate is higher than 90% of the other cities and towns in Wyoming.

Average Home Values

 

Median Home Value:
$901,779

Jackson, WY HOME PRICES

Value Range
> $1,401,000 12.5
$1,051,001 - $1,401,000 15.2
$700,001 - $1,051,000 24.7
$560,001 - $700,000 9.9
$420,001 - $560,000 7.5
$280,001 - $420,000 6.5
$140,001 - $280,000 18.4
$70,001 - $140,000 3.1
$0 - $70,000 2.1

Very High for WY
Very High for Nation

Value Relative to Nation Value Relative to State
1.65255474452555 1.88679245283019

Number Of Homes And Apartments:
3,799

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
171.34% 5.32%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,555 / per month

Homeownership Rate

Homeownership
Owners 36.86
Renters 63.14
Vacant 18.89

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 22.8
1970 - 1999 61.2
1940 - 1969 13.3
1939 or Older 2.8

Types of Homes

TYPE OF Jackson HOMES
Single-Family 39.6
Townhomes 7.5
Small Apt. Buildings 20.4
Apt. Complexes 27.7
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 6.96
1 Bedroom 21.84
2 Bedrooms 26.99
3 Bedrooms 23.16
4 Bedrooms 17.25
5 or more bedrooms 3.80

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Zip Codes in Jackson, WY