The typical owner-occupied home in Jackson is worth about $1,521,900, 4.9 times the Wyoming median of $309,700 and 4.6 times the national median of $332,700. Owners pay a median $5,271 a year in property taxes, about 0.35% of their home's value, lower than the Wyoming rate of 0.57%. The median household earns $118,991 a year, so the median home costs 12.8 times the median income (4.1 times for Wyoming). 42% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Jackson at a glance
| Jackson | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $1,521,900 | $309,700 | $332,700 |
| Median property tax paid per year | $5,271 | $1,767 | $3,119 |
| Property tax as a share of value | 0.35% | 0.57% | 0.94% |
| Median household income | $118,991 | $76,176 | $80,734 |
| Homes lived in by their owners | 42% | 72% | 65% |
| Owner homes with a mortgage | 75% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,444 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 21.0% | 21.0% |
| Median rent | $2,100 | $992 | $1,413 |
| Rent as a share of renters' income | 22.5% | 27.0% | 30.6% |
| Median year homes were built | 1990 | 1981 | 1980 |
| Vacant homes | 16.4% | 12.2% | 10.1% |
| Population | 10,756 | 582,397 | 334,922,499 |
What a typical home costs per month in Jackson
At this week's average 30-year rate of 7.11%, buying the median Jackson home of $1,521,900 with 20% down costs about $9,268 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $12,048, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $397,215 for the 20%-down payment. That payment is 93% of the median Jackson household income of $118,991; at that income and 20% down, the 28% guideline points to a home of about $456,000.
The median rent here is $2,100 a month, so owning the median home costs about $7,168 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $304,380 |
|---|---|
| Loan amount | $1,217,520 |
| Principal and interest | $8,190 |
| Property taxes (0.35% a year) | $444 |
| Homeowners insurance (our estimate, 0.5% a year) | $634 |
| PMI | $0 |
| Total per month | $9,268 |
Change the numbers in the calculator
| Down payment | $53,266 |
|---|---|
| Loan amount | $1,494,335 |
| Principal and interest | $10,052 |
| Property taxes (0.35% a year) | $444 |
| Homeowners insurance (our estimate, 0.5% a year) | $634 |
| FHA mortgage insurance | $918 |
| Total per month | $12,048 |
Change the numbers in the calculator
Questions about home buying in Jackson
What is the median home value in Jackson?
About $1,521,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jackson?
Homeowners pay a median $5,271 a year, which is about 0.35% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Jackson?
For the median home with 20% down at 7.11%, the payment is about $9,268 a month. Keeping that under 28% of gross income takes about $397,215 a year.
More about Jackson
- Mortgage Refinance in Jackson
- Debt Relief in Jackson
- Home Equity Loans in Jackson
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data