Buying a second home in Jackson Hole.
What homes cost, where you can rent them nightly, and how to own here, from someone who lives in the valley.
Talk with RobThe valley in brief.
Jackson Hole is the valley below the Teton Range, home to the Town of Jackson, Teton Village and Jackson Hole Mountain Resort, with Grand Teton and Yellowstone National Parks to the north. Most land is public, so private land is scarce and prices are among the highest in the Mountain West.
Buyers come for skiing in winter, the parks in summer, and Wyoming's lack of a state income tax. The trade-off is strict local rules on nightly rentals, so where you buy decides what you can do with the home.
Prices hit a record in 2026.
Teton County, from the Q2 2026 market report, compared with a year earlier.
Source: Engel & Völkers Jackson Hole, Jackson Hole Report Q2 2026.
Vacation rental performance, last winter
December to March 2025-26 compared with the prior winter, for short-term rentals in Jackson.
Source: AirROI, ski market winter 2026-2027, data as of July 29, 2026. The same report notes that El Niño winters lean less snowy in the northern Rockies. Past results do not predict future income.
Where you can rent nightly.
Teton County and the Town of Jackson set different rules. Rentals of under 31 days in the county, and under 30 days in town, count as short-term. Last checked November 12, 2026.
Nightly rentals allowed
- Town of Jackson Lodging Overlay (business license and permit required)
- Teton Village Areas I and II
- Grand Targhee Resort
- Spring Creek Ranch (up to 200 of 301 units)
- The Aspens; Jackson Hole Racquet Club resort commercial area
- Golf Creek and Teton Shadows (condos only); Crescent H (lot 8)
- Snake River Canyon Ranch Resort Areas II and III; Jackson Hole Golf & Tennis (cabins only)
Limited: Town of Jackson residential zones
In zones NL-1 to NL-5, NM-1, NM-2, NH-1, R, MHP and OR: an annual permit, notice to neighbors, and a maximum of 60 rental nights and 3 separate stays per year.
Long-term only (31 days or more)
Everywhere else in unincorporated Teton County.
Match the home to the rules.
Nightly rental investment
Look in Teton Village, Grand Targhee, Spring Creek Ranch and the Town of Jackson Lodging Overlay. Mostly condos, townhomes and resort residences.
Private home or long-term rental
Most single-family neighborhoods in the county are long-term only. A good fit for a home you use yourself, or lease to locals for 31 days or more.
Co-ownership
Shares of luxury homes are available through co-ownership companies such as Pacaso. Use schedules, fees and resale terms vary by home.
Jackson Hole FAQ
Can I short-term rent a home in Jackson Hole?
Only in certain areas. In unincorporated Teton County, rentals under 31 days are prohibited except in listed resort areas such as Teton Village, Grand Targhee Resort and Spring Creek Ranch. In the Town of Jackson, nightly rentals are allowed in the Lodging Overlay, and some residential zones allow up to 60 rental nights and 3 stays a year with an annual permit.
What does a home cost in Jackson Hole?
The median sale price across Teton County reached a record $2.995 million in the Q2 2026 market report. The median list price for single-family homes was $5.75 million in Q2 2026 (Engel & Völkers Jackson Hole).
Is co-ownership available in Jackson Hole?
Yes. Co-ownership companies such as Pacaso offer shares of luxury homes here. Review each home's use schedule, fees and resale terms before you commit.
Does Wyoming have a state income tax?
No. Wyoming has no state personal income tax. Talk to a tax advisor about how this applies to you.
Do you charge buyers a fee?
No. There is no fee to buyers for our guidance.
Thinking about Jackson Hole?
Tell us what you have in mind and we will share what is available in the areas that fit your plans.