How many renters live in Teton County, Wyoming?
The County of Teton County has 23,346 people living in 9,645 households.
There are 7,696 renters living in 3,642 renter households in this County. Renters make up 32.96 percent of the population living in Teton County.
What is the rental market like in Teton County, Wyoming?
There are an estimated 13,365 housing units in the Teton County area. Of these, 4,231 units are rental homes, making up 32 percent of the housing market. For every renter household in Teton County, Wyoming, there are 1 rental units.
What is the vacancy rate for rentals in Teton County?
The rental vacancy rate in Teton County is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Teton County for each bedroom size?
Occupied Rental Units by Size in Teton County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 381 | 763 | 1,552 | 693 | 208 |
Occupied Rental Units by Size in Teton County
A large number of apartments in Teton County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Teton County are overburdened by housing costs?
Among renter households in this market, 33 percent have housing cost burden. Further, 19 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Teton County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,317 to $2,896. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,317 |
| One BR | $1,326 |
| Two BR | $1,742 |
| Three BR | $2,322 |
| Four BR | $2,896 |
2024 Fair Market Rents in Teton County, Wyoming
How many units are rented at Fair Market Rent (FMR) in Teton County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 220 | 58 percent |
| One BR | 380 | 50 percent |
| Two BR | 763 | 49 percent |
Rental Units Below FMR in Teton County, Wyoming
How many affordable rental units are in Teton County?
There are a variety of federal affordable housing programs serving households in Teton County, Wyoming including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 175 |
| USDA Section 515 Rural Rental Housing | 130 |
Tracked Units by Federal Program in Teton County, Wyoming
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Teton County, Wyoming
Teton County features 130 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Teton County, Wyoming
There are 57 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Teton County.
Housing Choice Vouchers in Teton County, Wyoming
On average, Section 8 Housing Choice vouchers pay Teton County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Teton County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Teton County, Wyoming for a two-bedroom apartment is between $1,568 and $1,916.
Sourced from federal housing data and AffordableHousingOnline.com research.
