, executive director at the Downtown Bozeman Partnership. “They are coming from there to here simply because they can. There is simply a better quality of life here, and the people who could afford to move here did.”According to data from Zillow Group Inc. , median home value in the Hailey, Montana, micropolitan area — home to Sun Valley ski resort — grew 51.7% from $560,332 in 2019 to $850,231 in 2022.But those gains also represent one of the region's most pressing challenges.
“Middle-ground starter homes are simply not there anymore, and if they are, they are not affordable,” Staley said. In many industries, wages aren’t high enough to lure workers to the region, and even if they are willing to move, it’s hard to find a suitable place to live., CEO and president of the HRDC in Bozeman, said there are structural challenges to creating affordable housing.
In Ketchum, a local group created a housing action plan to explore steps the city, county and local organizations could take to ensure a stable housing market for lower-income residents in the Idaho town. Griffith pointed to the fast-tracking of projects to develop workforce housing and the creation of more multifamily housing units for housing workers across the Sun Valley region as indications of progress., chief operating officer and chief nursing officer at St. Luke’s Hospital Wood River Valley, said the system is creating bridge housing for new hires who are entering the region.
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