105 Mercill Unit 204

This is a Workforce Ownership home. Households are not required to have a complete interest application before the start of the drawing period (July 2, 2025); however, they must complete one to enter.  

Mercill Condos Unit 204, located at 105 Mercill Avenue 

• 2-bedroom, 2-bathroom
• 1 covered parking space in the parking garage
• Storage unit in parking garage
• Range, refrigerator, microwave, dishwasher, washer, and dryer
• 840 square feet 
• Home price: $687,637
• Pets allowed
• Income Range: Workforce Ownership unit - see eligibility requirements below.
• Minimum Occupancy Requirement: No minimum Occupancy Requirement. Any household size may apply. 
• Deadline to Apply: Tuesday, July 15th by 4:00 PM 
• Workforce Restriction
• CCRS

This drawing has closed.

Eligibility highlights:

• At least one adult in the household must be employed full-time in Teton County for a minimum of one year. The Housing Department defines full-time employment as working a minimum of 1560 hours per year (30 hours/week average).  Housing Department Rules & Regulations, Section 4: Weighted Drawing.
• The household may not own any residential real estate within 75 miles of the Town of Jackson.
• 75% of the Household’s combined income must be earned working for a business located in Teton County. 
• Households must live in the home 10 months out of each year. 

Calculation of Income

Household income is based on the current income earned by all intended adult occupants of the rental unit at the time of weighted drawing, using the current household income to estimate an annual (12-month) income basis. Households must use their current income and may not make changes or adjustments to earnings to fit within the income range.

The business income of a qualifying Household is calculated using an average of the last three (3) years of income from the business’s tax returns. A year-to-date profit and loss determination will also calculate business income. If the business has not been operating for three (3) years, the Housing Department will average the income over the time the business has been operating.

Please contact the Housing Department if you have any questions or need assistance completing the forms.

Example cost breakdown for a purchase price of $687,637:

3.5% down payment (required)                                                                          $ 24,067          

Loan Amount                                                                                                         $663,570

Monthly Principal & Interest Payment (estimated 6.48% interest rate)      $4,185

Monthly Property Tax (estimate)                                                                        $327

Monthly Insurance (estimate)                                                                             $50

Monthly HOA Dues (estimate)                                                                            $310

Total Estimated Monthly Payment                                                                    $4,872

Optional -Once selected in a drawing, there are additional application items required.  For your convenience, a checklist is being provided, along with a link to some of the other required forms.  You do not have to complete these forms to enter a drawing; they are being provided simply as a convenience for anyone who may want to get a head start.

• Checklist
• Completed Home Buyer Education Class Certificate.  The Home Buyer Education Certificate is good indefinitely. Homebuyer Education Link

 For questions, please contact the Housing Department via housing@tetoncountywy.gov or 307-732-0867