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 limi...