Home Values in Exclusive Jackson Hole Explode Up to 2,000% in 30 Years

Since the 1990s, home prices throughout the country have skyrocketed—but the increase in home values in one exclusive, ultraluxury territory far exceeds the national average.Nationally, home values rose about 300% from 1995 to 2025, according to data from the Case-Shiller home price index.Meanwhile, in the exclusive resort town of Jackson Hole, WY, home values have exploded up to 2,000% over the same 30-year period, according to a new analysis of property transactions in the area.While the area has become popular in recent years as a world-class destination for hunting, fishing, and skiing, Jackson Hole has a unique feature that sets it apart even from similar resort communities: scarcity. “In Teton County, we are surrounded by approximately 97% of protected lands.So we have the national forest, we have the national park, we have properties that people have privately put into conservation,” real estate agent Ashley DiPrisco of Evans & DiPrisco tells Realtor.com.“So we really don’t have the opportunity to completely explode, like some other mountain towns, as far as urban sprawl because we have such a limited supply.

And then that’s just basic economics, right? You have a limited supply and a lot of demand, then your pricing structure just gets crazy,” says DiPrisco.In its semiannual Jackson Hole Report, the Viehman Group compared more than 100 comparable properties that were sold between 1995 and 1999 and then sold again between 2024 and 2025 in order to identify price trends over 30 years.The single-family home in the report with the highest appreciation, found in Spring Creek Resort, was sold for $525,000 in 1996.It was sold again in 2024 for $10.95 million—a staggering 2,085% gain.The single-family home in the report with the lowest appreciation was also located in Spring Creek Resort.

The home was sold for $1.595 million in 1999, and again in 2025 for $5.1 million.This home’s value increased by 320%—still higher than the nat...