The story of this market
The typical home in ZIP 83427 sells for about $895,000, or $507 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,533 a month.
ZIP 83427 — Iona
The housing market in 83427 is stabilizing after a period of rapid appreciation, with inventory levels rising to provide more options for buyers. While prices remain elevated, the pace of growth has moderated, reflecting a more balanced market environment. Demand remains supported by the area's strong appeal as a recreational destination and its proximity to Jackson, Wyoming.
This ZIP is ideal for outdoor-focused families and remote professionals seeking a high quality of life in a mountain setting. It is less suited for those requiring urban amenities or short, transit-based commutes.
Median prices moved down 2.1% year over year.
Homes spend a median of 84 days on market with 8.2 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.1% · poverty 12.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 83427, Teton County ID
Crime rates in the Driggs area remain significantly lower than national averages, with property and violent crime incidents reported as infrequent. The region benefits from a small-town environment where community-based safety remains the norm.
Public schools in the area are managed by Teton County School District 401, which generally maintains favorable ratings for student-teacher ratios and academic performance. The district is the sole provider for the county, ensuring consistent educational standards across the region.
The area faces moderate wildfire risk common to the Intermountain West, requiring residents to maintain defensible space around properties. Flood risks are primarily localized to areas near the Teton River and its tributaries.
Economic momentum is driven by tourism, outdoor recreation, and a growing remote-work population. Development is focused on sustainable growth to preserve the rural character while expanding infrastructure to support the increasing resident base.
Property taxes are assessed by Teton County based on market value, with rates determined by local levies including school district and county operations. Idaho provides a homeowner's exemption that reduces the taxable value of primary residences.
Commuting is primarily car-dependent, with residents often traveling to nearby Jackson, Wyoming, for employment. Winter weather conditions frequently impact travel times on mountain passes.
The area is a premier destination for outdoor enthusiasts, offering immediate access to Grand Targhee Resort, hiking trails, and fly fishing in the Teton River. Shopping and dining are concentrated in the historic downtown core of Driggs.
The rental market is characterized by high demand and low vacancy rates, largely driven by seasonal workers and limited housing stock. Short-term rentals are strictly regulated to prioritize long-term housing availability.
The economy is anchored by tourism, hospitality, and construction, with a significant portion of the workforce commuting to Jackson, Wyoming. Agriculture remains a traditional pillar of the local economic base.
Transportation is dominated by private vehicle use, with Highway 33 serving as the primary artery. Public transit options are limited to regional shuttle services connecting to nearby employment hubs.
Development is guided by the Teton County Comprehensive Plan, which emphasizes the preservation of agricultural land and open space. New projects are subject to rigorous design and environmental review.
The Teton County Assessor's office manages property valuations, utilizing annual market analysis to adjust assessments. The county maintains a transparent appeals process for property owners.
Parcels are subject to Teton County School District 401 levies and various local fire and ambulance district assessments. There are no major MUDs or PIDs in the traditional sense.
Property insurance premiums are rising due to increased wildfire risk and regional construction cost inflation. Homeowners are encouraged to participate in Firewise programs to mitigate risk.
The state continues to experience positive net domestic migration, driven by individuals relocating from higher-cost coastal states. This trend has significantly impacted local housing demand.
Idaho is a non-judicial foreclosure state, allowing for a streamlined process through a trustee's sale. Statutory notice periods are strictly enforced to protect borrower rights.
Sellers are required to provide a property condition disclosure form, detailing known material defects. The state follows a 'buyer beware' doctrine regarding items not explicitly disclosed.
Data retrieved from data.census.gov for ZCTA 83427 and Teton County profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional anchor for winter sports and summer mountain biking.
Popular destination for fly fishing and scenic floating.
Central community space hosting local events and farmers markets.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.