Park City, UT

Park City vacation rentals are top performers, but those who are willing to invest for the future will see better ROI in the up-and-coming areas outside of town.

Overview

Perched high in Utah’s craggy Wasatch Range, 30 miles east of Salt Lake City, Park City is an iconic winter vacation rental destination that caters to guests all year long. Home to Deer Valley and Park City Mountain Resorts—both major locations for events during the 2002 Winter Olympics—and dubbed one of America’s prettiest towns by Forbes Traveler, Park City has come a long way from its roots as a silver mining town. Between legendary skiing, 400 miles of wooded trails for hiking and mountain biking, and the star-studded Sundance Film Festival, Park City offers something to keep heads in beds all year long.


Insider tip

Park City is in a vacation rental real estate bubble right now. There are few new places to build and it’s hard to buy into the market below $900,000. Instead, consider nearby Deer Valley Resort (which just approved a $50 billion development project) and new developments near the Jordanelle Reservoir and Heber-Kamas border. There are a lot of great places to buy vacation rental property outside of town if you’re patient—they won’t be ideal rental income drivers for a few years.

Learn more and compare Park City with other top markets in our insider's guide to the best places to buy a vacation rental.

Market size

5,000+ rental units

Median annual rental revenue

$50,410

Median home price

$557,700

Cap rate

5.5%

*This document is for information and illustrative purposes only. It is not intended to provide “investment advice” or a “recommendation” regarding a course of action. The discussion is general in nature and has not taken into account your personal financial position or objectives. You should consult a licensed financial advisor or other professional to discuss your specific situation.

Estimated rental income figures and home sale prices are based on historical averages; for any specific property, the actual revenue, purchase price, and cap rate may differ materially from estimated amounts and depend on a wide range of factors outside Vacasa's knowledge or control, such as the property's condition, layout, and furnishings; expenses associated with the acquisition and ownership of the property (such as property taxes, utility fees, HOA fees, insurance fees, and mortgage-related expenses); rental calendar availability; existing and future regulations; current and future economic, social, and political trends and conditions; and weather and environmental factors. These estimates do not take into account the potential impact of state income taxes.

Vacasa makes no representations or warranties, express or implied, about the accuracy of this document. Furthermore, Vacasa has no obligation to update, modify or amend this document or to otherwise notify users in the event that any opinion, assumption, forecast or estimate set forth herein changes or subsequently becomes inaccurate. Therefore, you should not place undue reliance on statements in this document.

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