The story of this market
The typical home in ZIP 83429 sells for about $389,000, or $511 per square foot.
Prices are down 40.2% from a year ago, which gives buyers more room to negotiate. Homes take about 226 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,014 a month.
ZIP 83429 — Island Park
The Driggs housing market is currently experiencing a significant correction, with median sale prices down 40.2% year-over-year and days on market increasing substantially. High inventory levels relative to sales volume suggest a cooling period following the rapid price appreciation seen in previous years. Many specific metrics, such as rent and tax rates, are not currently published at the ZIP level.
This area is primarily suited for outdoor enthusiasts and those seeking a mountain lifestyle, as it serves as a more accessible alternative to nearby luxury resort markets like Jackson Hole.
Median prices moved down 40.2% year over year.
Homes spend a median of 226 days on market with 18.4 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — 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 -5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 83429, Idaho
Driggs is experiencing growth as a mountain-adjacent community, with development momentum linked to the expansion of the Grand Targhee Resort and its proximity to the Wyoming border.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Idaho) — Homestead Property Tax Exemption: Exempts the lesser of $125,000 or 50% of the market value for assessment purposes from property taxation. Formula: Exemption = min($125,000, 0.50 * Market Value).
The area is known for its proximity to the Grand Targhee Resort, offering significant access to skiing, hiking, and outdoor mountain recreation.
The local economy is heavily influenced by tourism, outdoor recreation, and its role as a residential hub for those working in or near the Teton Valley.
Data retrieved from US Census Bureau profile for Driggs city.
- Yellowstone Big Gun Fun4.918.9 mi
- Wild West Pizzeria & Saloon4.418.9 mi
- Yellowstone Playhouse at Island Park4.99.3 mi
- Yellowstone Horseback Riding Ranch4.815.5 mi
- The Playmill Theatre4.83.9 mi
- Harriman State Park4.812.9 mi
- Island Park Dam4.66.1 mi
- High Mountain Adventures4.84.4 mi
- Island Park Dam4.66.1 mi
- Museum of the Yellowstone4.518.7 mi
- The Yellowstone Camera Store4.718.8 mi
- Henrys Lake State Park4.68.1 mi
- Harriman State Park4.812.9 mi
- Big Springs4.97.9 mi
- Madison Arm Resort3.719.5 mi
- Island Park Village Golf Course3.94.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional anchor for skiing and summer mountain recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.