Teton County, Wyoming Housing Market

In Teton County, Wyoming, the median home value is $1,633,900, with a median monthly rent of $1,904. This places Teton County at #1 nationally out of 3134 counties by median home value, and #1 within Wyoming.

Median Home Value $1,633,900
Median Rent $1,904/mo
Owner Occupancy 58.3%
Price/Rent Ratio 71.5

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2022

💡 Year-over-Year Trend: Home prices in Teton County fell -6.4% year-over-year as of 2022. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

21,054
jobs (private sector)
  • Avg weekly wage: $1,578
  • Establishments: 2,863
  • BLS QCEW, 2025
🏗️

Housing Supply

157
new units authorized (2025)
  • Single-family: 81
  • Multi-family: 76
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1645
net migration (filers, 2021-2022)
  • Inflow: 13,116 (avg $631,674)
  • Outflow: 11,471 (avg $614,918)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 2 active ZIP codes in Teton County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 83014 375.3 +23.82% 2021
2 83001 302.9 +2.90% 2021

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Teton County Compares

MetricTeton CountyWyoming AverageU.S. Average
Median Home Value $1,633,900 $346,991 $227,706
Median Gross Rent $1,904 $941 $968
Owner Occupancy Rate 58.3% 73.6% 73.3%
Price/Rent Ratio 71.5 28.8 18.7

Market Analysis

The median home value in Teton County is 370.9% above the Wyoming state average and 617.5% above the U.S. national average. The median rent of $1,904/month is 102.3% above the state average.

With a price-to-rent ratio of 71.5, Teton County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.

Teton County has an owner-occupancy rate of 58.3%, compared to 73.6% in Wyoming and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Nantucket County Massachusetts $1,593,800 $2,213
San Mateo County California $1,559,600 $2,922
Marin County California $1,507,300 $2,668
Santa Clara County California $1,490,600 $2,857
San Francisco County California $1,394,500 $2,476

Other Counties in Wyoming

CountyMedian Home ValueMedian RentOwner Occ.
Park County $400,500 $925 75.3%
Sheridan County $394,900 $939 70.7%
Sublette County $376,200 $1,209 83.6%
Lincoln County $372,600 $960 77.0%
Laramie County $348,700 $1,160 70.6%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).