Teton County Real Estate and Livability Trends
Teton County, Wyoming has seen a sharp rise in average taxable income, peaking at $651,047.16 in 2021, along with significant fluctuations in state and local income taxes, highlighting potential for high-end real estate development. The median home value surged from $689,000 in 2015 to $1,137,500 in 2022, significantly outpacing both state and national averages, suggesting strong housing demand... Read more
Teton County Market Trends
Teton County, Wyoming has seen a dramatic rise in median home values, from $689,000 in 2015 to $1,137,500 in 2022, significantly outpacing both state and national averages. This trend might indicate a high demand for housing, presenting both opportunities and challenges for investors and residents alike. Average residential energy tax credits per tax return have also shown considerable... Read more
Median Value of Occupied Housing Units in Teton County, Wyoming Over the Last 8 Years
Teton County, Wyoming has seen a dramatic rise in median home values over the past eight years, soaring from $689,000 in 2015 to $1,137,500 in 2022. This trend significantly outpaces both Wyoming's state average, which grew from $194,800 to $269,900 over the same period, and the national average, which climbed from $125,500 to $179,400. These figures could reflect a high demand for housing in Teton County, presenting compelling opportunities as well as challenges for potential investors, newcomers, builders, and current residents.
Residential Energy Tax Credit Per Tax Return in Teton County, WY Over the Last 8 Years
Teton County, Wyoming has seen considerable fluctuations in average residential energy tax credits per tax return over the past eight years. The peak appears in 2020 with an average credit of $3983.33, possibly due to increased adoption of energy-efficient home upgrades. Conversely, 2013 had one of the lowest averages at $233.33, signaling less incentive utilization. Significant spikes in years like 2016 and 2019, with averages of $2772.73 and $2533.33 respectively, suggest periodic surges in energy-efficient investments. These trends could imply growing residential emphasis on sustainable living and monetary advantages of green energy initiatives, providing valuable insights for potential investors, real estate agents, and appraisers focusing on property value variations linked to energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Teton County, WY Over the Last 10 Years
Teton County, Wyoming has experienced a steady increase in average real estate taxes per tax return over the past decade, rising from approximately $8,392.02 in 2012 to about $22,239.30 in 2021. This surge indicates growing property values and possibly reflects increased demand for real estate in the area, making it potentially attractive for investors and developers. Higher taxes could impact insurance premiums and property appraisals, which real estate agents and potential homeowners should factor into their financial planning.
Percentage of Farm Returns in Teton County, WY Over the Last 10 Years
In Teton County, Wyoming, the percentage of farm tax returns over the last decade has shown some modest fluctuations but generally indicates a slight upward trend. Beginning at roughly 0.93% in 2012, farm returns peaked around 1.20% in 2018, and have hovered around 1.17% in 2021. This data might suggest a slight increase in farm-related activities or at least stable agricultural interests in the region, making it a potential point of interest for investors and new residents considering the agricultural potential of the area.
Number of Mortgages by Occupancy Type in Teton County, WY Over the Last 5 Years in Teton County
Over the last five years in Teton County, Wyoming, there has been a noticeable fluctuation in the number of mortgages across different occupancy types. Principal residences consistently dominate the market, peaking in 2020 with 1,654 mortgages, likely driven by a migration trend or a boom in homeownership. Investment property mortgages saw moderate increases until 2020 but dipped afterwards, possibly reflecting market saturation or shifting investor interests. Mortgages for second residences have remained relatively stable, which might indicate steady demand for vacation homes. Such trends could influence appraisors and insurance agents to assess risk and value differently. Real estate agents and investors might find the high variability essential for forecasting future opportunities or potential downturns, while those looking to move to or build in the area can gauge market competition and home availability.
Economic Outlook
Teton County, Wyoming has seen a considerable rise in average taxable income over the past nine years, peaking at $651,047.16 in 2021. Similarly, average state and local income taxes have fluctuated considerably, hitting $154,117.65 in 2021. Noteworthy is the sharp increase in total tax liability per tax return recently, reaching $163,510.17 in 2021. These trends may signal an increasingly affluent population and potential for higher-end real estate development, offering valuable insights for... Read more
Average Taxable Income per Tax Return in Teton County, WY over the last 9 years
Over the past nine years, Teton County, Wyoming has experienced a dramatic increase in the average taxable income per tax return. Starting at $263,736.90 in 2013, it dipped slightly before peaking significantly at $651,047.16 in 2021. This upward trend, particularly the sharp rise from 2019 to 2021, may attract investors and property developers due to the increasing affluence in the area. Real estate agents and appraisers might find this relevant as it could indicate a growing demand for higher-end properties. For those interested in relocating, it suggests a potentially affluent community with rising economic prospects.
Average State and Local Income Taxes Per Tax Return in Teton County, WY Over the Last 10 Years
Over the past decade, Teton County, Wyoming has experienced significant fluctuations in average state and local income taxes per tax return. For instance, tax values nearly doubled from $58,684.62 in 2012 to $109,502.50 in 2013. A notable peak occurred again in 2020 reaching $126,900.00, before rising to $154,117.65 in 2021. These variations could hint at broader economic factors influencing high-income earners in this region, providing valuable insight for potential investors, real estate agents, and insurance professionals looking to understand the financial landscape of Teton County better.
Average Total Tax Liability Per Tax Return in Teton County, WY Over the Last 10 Years
Teton County, Wyoming has experienced significant fluctuations in average total tax liability per tax return over the past decade, with a sharp increase notable in the last few years. In 2020, the average tax liability per return soared to $124,076.83 from a lower $77,540.00 in 2019, subsequently rising further to $163,510.17 in 2021. These increases might indicate substantial economic growth, heightened incomes, or shifts in the tax landscape, which are crucial for investors, appraisers, insurance agents, builders, and real estate agents to consider. This trend suggests growing affluence or possibly rising property values and investment opportunities in Teton County.
Cost of Living in Teton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,099 | $2,035 | $2,879 | $2,627 | $2,331 |
| 1 adult 4 children | $2,099 | $1,662 | $2,228 | $2,627 | $2,321 |
| 2 adults 3 children | $2,099 | $1,662 | $2,485 | $2,627 | $2,026 |
| 1 adult 3 children | $2,099 | $1,357 | $1,834 | $2,627 | $2,087 |
| 2 adults 2 children | $1,490 | $1,361 | $2,091 | $2,408 | $1,575 |
| 1 adult 2 children | $1,490 | $1,016 | $1,440 | $2,408 | $1,593 |
| 2 adults 1 child | $1,490 | $1,075 | $1,698 | $1,698 | $1,286 |
| 1 adult 1 child | $1,490 | $695 | $1,046 | $1,698 | $1,234 |
| 2 adults | $1,181 | $864 | $1,304 | $0 | $818 |
| 1 adult | $1,174 | $471 | $652 | $0 | $712 |
Safety trends & Data
In Teton County, Wyoming, there's been a concerning uptick in property crime over the past four years. Larceny-theft incidents peaked at 12.00 in 2022, while vandalism cases tripled from 3.00 incidents in 2018 to 9.00 in 2022. Meanwhile, motor vehicle theft and fraud have shown slight increases but remain sporadic. This trend highlights the growing importance of security measures, underlying the necessity for potential investors and newcomers to consider these dynamics when evaluating the... Read more
Property Crime Trends in Teton County, WY Over the Last 4 Years
Larceny-Theft incidents in Teton County, Wyoming have shown a notable increase over the past four years, peaking at 12.00 in 2022. Vandalism also appears to be a growing concern, rising from 3.00 incidents in 2018 to 9.00 in 2022. Although less frequent, cases of Motor Vehicle Theft and Fraud have been sporadically reported, with a small number of incidents both rising slightly or fluctuating. Such trends might suggest a growing need for security measures, making this data crucial for potential investors, real estate agents, and newcomers aiming to gauge the area's safety dynamics.
Demographics
Teton County, Wyoming shows more male adults than female, but the difference isn't glaring. A standout trend is the high level of educational attainment, with a significant chunk of the population holding a bachelor's degree or higher. The age distribution skews towards the younger and middle-aged demographics, potentially reflecting the area's appeal to professionals and young families. The racial makeup is predominantly White, with minor representation from other racial groups, suggesting a... Read more
Race Distribution in Teton County, Wyoming (2022)
Educational Attainment in Teton County, Wyoming (2022)
Age Distribution in Teton County, Wyoming
Citizen Population in Teton County, Wyoming (2022)
Political Trends & Data
In Teton County, Wyoming, the 2020 U.S. Presidential Election results indicate a significant Democratic preference, with Democrats potentially receiving around 66.6% of the vote compared to about 29.4% for Republicans. This is quite notable given Wyoming's strong Republican reputation. Third parties made a minimal impact, possibly capturing under 2.5% of the votes. This unique political climate within the county stands in contrast to broader state trends and could be a factor to consider for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Teton County, Wyoming, the 2020 U.S. Presidential Election saw a substantial leaning towards the Democratic Party, with Democrats possibly securing around 66.6% of the vote. This contrasts with only about 29.4% for Republicans, which seems notable given Wyoming's overall red-leaning reputation. Third parties barely made a dent, with Libertarians maybe gathering just 1.7% and other parties combined under 2.5%. This data might suggest a unique political landscape within the county that diverges significantly from the broader state trends.
29.36% of voters voted for the Republican party in the 2020 Presidential Election
66.60% of voters voted for the Democrat party in the 2020 Presidential Election
1.72% of voters voted for the Livertarian party in the 2020 Presidential Election
2.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Teton County, Wyoming boasts a notably low student-to-teacher ratio, often falling well below the national average of 14 to 1. The ratio peaked just under 11 in 2017 and dipped to almost 7 in 2021 and 2022. This trend could appeal to families, investors, and real estate professionals as it suggests personalized education and strong community growth. Lower ratios can signal enhanced educational outcomes, which may positively influence property values and community... Read more
Student-to-teacher ratio in Teton County, Wyoming over the last 10 years
Teton County, Wyoming has consistently maintained a low student-to-teacher ratio over the last decade, staying well below the United States national average of 14 students per teacher. Even with minor fluctuations, the ratio peaked at just under eleven in 2017, but then declined, hitting its lowest at around seven in 2021 and 2022. This favorable ratio could be particularly appealing to families considering relocation, investors seeking stable community growth, and real estate professionals highlighting the quality of education in the area. Lower ratios often imply more personalized attention for students, potentially leading to better educational outcomes and enhancing the overall attractiveness of the region. For appraisers and insurance agents, this trend might reflect positively on property values and community stability.
