LYCOS RETRIEVER 
Jackson Hole: Valley
built 647 days ago
The least expensive single-family home, currently on the market in Jackson Hole, is almost forty miles north in Buffalo Valley for $545,000. This means, with a 20% down payment, you would need to have a combined family income of over $125,000 to qualify for a conventional 30 year mortgage.
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Jackson Hole is a valley in the U.S. state of Wyoming. It is located in west-central Wyoming, and gets the name "hole" from early trappers or mountain men, who primarily entered the valley from the north and east and had to descend down into the valley along relatively steep slopes, giving the sensation of entering a hole. These low-lying valleys surrounded by mountains contain rivers and streams, good habitat for beaver and other fur-bearing animals. The valley is thought to be named for David (Davey) Edward Jackson, a mountain man who trapped the area for beaver in the early nineteenth century. Though used by Native Americans for hunting and ceremonial purposes, the valley was not known to harbor year round human settlement prior to the 1870's. Descriptions of the valley and its features were recorded in the journals of John Colter, who had been a member of the Lewis and Clark Expedition.
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If you’ve recently been looking for a single-family home in Jackson Hole, for under $1 million dollars, then you will agree this valley has a real Housing Crisis. This is not an “affordable housing” crisis though, it ‘s a “free-market Housing Crisis”. The following are just a few indicators:
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Concern for wintering elk began early in Jackson Hole . The severe winter of 1908-9 brought the concern to a head; thousands of elk were starving in the valley. The townspeople, with the help of the state of Wyoming , bought hay to help the animals through the winter, but the following winter was no better. Through the crusading efforts of Stephen Leek and his photographs, the U.S. Biological Survey Elk Refuge was established in 1912 with an allotment of one thousand acres. Today the National Elk Refuge, the direct descendant of the original refuge, contains nearly 25,000 acres and feeds over 7,000 elk every winter.
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