The real estate market in Jackson Hole which is the area that includes Jackson and Teton Village is shaped by the area’s natural beauty, limited land availability, and year-round appeal as a resort destination. In Teton County, 97% of the land is publicly owned, leaving only a small portion available for private ownership, which helps keep demand strong. Over time, home values have consistently risen, with an especially active period in 2021 as many buyers sought mountain communities and lifestyle-driven locations. While market activity can vary from year to year, properties held for the long term have historically shown positive appreciation. The community includes a blend of full-time residents, second homeowners, and vacation rental properties, with designated resort areas well suited for short-term rentals, adding to the diversity and vitality of the local market.