How to Own a Home in Jackson

There are several ways to invest in Jackson Hole real estate, but it may not be an easy process. Because Jackson land is protected by federal decree, it can be very difficult to own property. Recent proposed changes in Jackson property and development laws may soon change that, however. Aside from working with a trusted realtor, you may want to explore alternative options.

Renting. Affordable renting and housing is available around the Jackson area, from small studio-sized apartments to cabins and townhouses. Renting may be the best option especially if you have no concrete plans to settle or tend to stay for a few short months a year. However, negotiate for long-term leases because short-term leases can be tumultuous, due to the resort atmosphere of the town.

Buying vacant land. Vacant land is always a good investment, however, Jackson’s development laws are very strict and its proximity to national parks will have a huge impact on your development.

Foreclosed or distressed homes. Although the economy has gone up these past few years, there are a few distressed properties on sale in the market which you might want to look into.

Housing Authorities. If you are planning to work and live and Jackson, the Teton County Housing Authority may be able to help you find home and lodging. If you plan on building or developing land, you may want to approach the Jackson Community Housing Trust to see what your options are.

 

Every option mentioned above has a different application process, but exploring your options can help you make the best decision so you can own real estate in Jackson Hole.