Mortgage payment estimates, closing cost breakdowns, and homebuying data for Jackson, Wyoming.
Median Home Price
$1.3M
Population
11K
Avg Monthly Rent
$2,850
Property Tax Rate
0.61% *
* Property tax shown is the Wyoming state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Jackson.
Jackson vs Wyoming Median
The median home price in Jackson is $1,250,000, which is 268% above the Wyoming state median of $340,000.
Mortgage Calculator — Jackson, WY
Pre-filled with Jackson median home price and Wyoming tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $1.3M home using Wyoming's 0.61% tax rate and $1,800/yr insurance.
5% Down
$8,984/mo
Down: $62,500
Loan: $1.2M
P&I: $7,506
Tax: $635
Insurance: $150
PMI: $693
10% Down
$8,552/mo
Down: $125,000
Loan: $1.1M
P&I: $7,111
Tax: $635
Insurance: $150
PMI: $656
20% Down (No PMI)
$7,106/mo
Down: $250,000
Loan: $1.0M
P&I: $6,321
Tax: $635
Insurance: $150
Income needed (28% rule): $305K/year with 20% down, $367K/year with 10% down.
Rent vs Buy in Jackson
Rent
$2,850/mo
vs
Buy (10% down)
$8,552/mo
Price-to-rent ratio: 36.5 — At a ratio above 20, renting may be more economical in Jackson for shorter stays. Buying costs $5,702 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Jackson is $1,250,000, 268% above the Wyoming state median of $340,000. With a population of 10,729, Jackson is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Jackson buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Jackson is $2,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Jackson is a higher-cost market. At $1.3M median, buyers need significant savings or strong income. Down payment assistance through Wyoming's WCDA Spruce Up Wyoming program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Jackson.