Livermore, Pleasanton, Danville, Short Sale Specialist
  

3. Teton County, Wyo.

  • Affordability rate: 75.4 percent
  • Historical average affordability: 84.3 percent
  • Household median income: $69,020
  • Population density: 5.4 per square mile

Only 22,268 residents live in Teton County year-round; however, the population swells during the summer months. Grand Teton National Park, for instance, hosts between three and four million visitors each year. Additionally, Jackson Hole, a high-end vacation town located in the area, experiences large surges in its population during the tourist seasons — 52,000 in the summer and 5,000 in the winter. It is likely that the disproportionately large number of vacationers compared to year-round residents has increased home prices. Residents spent more than 75 percent of their median annual income on mortgage payments on median-priced homes. Yet, Teton County is more affordable than in previous years. Since January 2000, residents spent an average of 84.3 percent of median income on payments for median-priced homes. As of May, residents had to spend 75 percent of median income to afford such payments.

Slide show: 
America’s fastest-growing small cities

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