The most recent data-driven picture of the Teton area housing situation
The housing shortage in Jackson and the surrounding area has been well documented in the last few years. However, the most recent Housing Needs Assessment brought important metrics to the public eye about employee shortages, lack of housing, and the toll it’s taking on neighboring communities.
The study area consisted of Teton County Wyoming, Teton County Idaho, and Northern Lincoln County. The survey included hundreds of community members as well as businesses, employees, and homeowners. The conclusions showed some alarming facts:
- 91% of businesses are understaffed
- Jobs are growing twice as fast as housing
- In the 2015-2021 timeframe:
- Home sale prices rose 11-16%
- Rental prices rose 9%
- While wages rose 5-7%
Many great housing projects have been built and many more are on the way. We applaud the Housing Department, County Commission, and Town Council for all of their great work and hope to see more great projects in the future.
Below is the link to the full Housing Needs Assessment and the Staff Report: