Employment Based Homes

BackgroundWooden Homes Front Door

Employment-based housing exists in Town and Teton Village. This type of housing targets higher income earners who are still unable to afford a market home and provides some diversity in our programs.

Applying for an Employment-based home requires 2 years of working full time in Teton County, WY, employment by a local business full time, and earning 75% of your income locally. You need to continue your local full time employment and earn 75% of your income from a local business for as long as you live in the home. You may continue to own the home if you retire as long as you are 62 years old and reside in the home full time. These homes typically sell between $180,000 to $490,000.

Restriction Key Points

  • No Income limit
  • May not own residential real estate within 150 miles of Teton County, Wyoming
  • 75% of total household's income must be earned from a local business at time of purchase and during ownership
  • No income or asset categories
  • Appreciation is limited
  • Lottery sales process
  • Must work full-time in Teton County, Wyoming
  • Must have worked full-time in Teton County, Wyoming to be eligible
  • Must occupy the home 10 months out of each calendar year
  • Must be a U.S. Citizen or Lawful Permanent Resident (Green Card)
  • May not rent the home or a room
  • May not own residential real estate within 150 miles of Teton County, Wyoming.

(Link) Employment Based FAQs

(Link) Eligibility, Qualifying, and Preference