Jackson, WY Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jackson, WY Housing Market Trends

With 10,760 people, 4,597 houses or apartments, and a median cost of homes of $1,091,386, 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 32.04% of the town's housing units. Other types of housing that are prevalent in Jackson include duplexes, homes converted to apartments or other small apartment buildings ( 29.18%), large apartment complexes or high rise apartments ( 20.73%), and a few row houses and other attached homes ( 15.76%).

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 ( 22.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.11%). There's also some housing in Jackson built before 1939 ( 3.18%).

Vacant housing appears to be an issue in Jackson. Fully 13.46% 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 109.87% over the last ten years, which is an average annual home appreciation rate of 7.69%, 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.

Over the last year, Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Jackson's appreciation rate has been 10.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jackson were at 2.62%, which equates to an annual appreciation rate of 10.91%.

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

Average Home Values

 

Median Home Value:
$1,091,386

Jackson, WY HOME PRICES

> $1,306,000
$980,001 - $1,306,000
$653,001 - $980,000
$523,001 - $653,000
$392,001 - $523,000
$261,001 - $392,000
$131,001 - $261,000
$65,001 - $131,000
$0 - $65,000
33.7%
33.7%
20.1%
20.1%
14.7%
14.7%
6.2%
6.2%
1.9%
1.9%
14.0%
14.0%
8.4%
8.4%
0.0%
0.0%
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WY

Value Relative To Nation

Number Of Homes And Apartments:
4,597

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
200.51% 5.07%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,161 / per month

Homeownership Rate

Owners
Renters
Vacant
36.5%
36.5%
63.5%
63.5%
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.8%
22.8%
65.9%
65.9%
8.1%
8.1%
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
32.0%
32.0%
15.8%
15.8%
29.2%
29.2%
20.7%
20.7%
2.3%
2.3%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.8%
5.8%
16.5%
16.5%
37.4%
37.4%
26.8%
26.8%
11.8%
11.8%
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Jackson

Popular Communities Near Jackson, WY

Zip Codes in Jackson, WY