Park City, Utah.
Typical home $1,598,285 (+5.6% in a year), asking rent $3,594 (+12.2%). Heber, UT metro.
to buy the typical home at today's mortgage rate — +$5,204 (+163%) since Jan 2020.
- 1 year
- Up $84,490 +6%
- $1,513,794$1,598,285 since Sep 2025
- 5 years
- Up $355,798 +29%
- $1,242,486$1,598,285 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Park City$8,389
- Utah$2,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Park City, UT rose 5.6% over the past year — faster than the nation's +1.2%.
Asking rents in Park City, UT rose 12.2% over the past year — faster than the nation's +2.7%.
Owning the typical home in Park City runs $6,968/mo more than renting one — the widest that gap has been in this data.
That is $10,562 a month against $3,594 rent: a $8,389 mortgage payment, plus $462 property tax and $1,711 insurance & upkeep.
Owning vs renting — Park City
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$10,562
- Renting$3,594
- Mortgage only$8,389
Property tax · $462/mo 0.35% of value a year — the ACS 2020-2024 median bill over the median home value for Summit County, UT
Insurance & upkeep · $1,711/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Park City, Summit County, Utah
Park City is a city of 8,396 people in Summit County. Half its households earn more than $133,558 a year and half less, against $138,114 across Summit County; 6% of its people live below the poverty line. 75% of its homes are lived in by their owners and 25% are rented. Unemployment in Summit County was 3.0% in August 2026, and the county had 2.2% more jobs in 2025 than the year before. The most residents work in restaurants and hotels, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Park City is a small mountain city whose residents are older than in most American places, and most of them hold a four-year degree. Incomes are high, though a little below the county's, and homes here cost far more than the typical American home, with rents to match. Most households own the home they live in, and winters are cold and snowy, with a mild, pleasant summer.
Work. Many residents work in restaurants, hotels and entertainment, with others in schools, hospitals and social care, in banks, insurance and property, or in professional and business services. Among the town's largest workplaces are VR-CPC Holdings, which runs skiing facilities, Montage Deer Valley, a hotel, and the Sundance Institute. Commutes are short, and a good number of people work from home.
Things to do. The ski areas Deer Valley and Park City Mountain Resort sit in or beside town, along with the Egyptian Theatre and the Historic Union Pacific Rail Trail State Park. A short drive away, Jordanelle Reservoir offers water and shoreline, and Solitude Mountain Resort is another ski area close by.
Report a mistake
- 3,596households
- 67%of adults have a degree
- 6%below the poverty line
- 15 mintypical commute
- 25%work from home
What residents work in
Employed residents by industry, from the Census survey. Summit County had 32,506 jobs in 2025, 2.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 16°; warmest in July, with highs near 80° and lows near 53°. About 22 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Park City weather station, under a mile away (NOAA).
Largest workplaces in Park City
- VR-CPC HoldingsAlpine skiing facilities without accomodations912
- Montage Deer ValleyHotels499
- Sundance InstituteBroadway theaters324
- High West HospitalityRetail174
- Marriott's MountainSideResort hotels without casinos93
- Associated Food StoresGrocery stores87
- TruNortheTelecommunications management consulting services75
- SSI VentureSporting goods stores71
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 11 workplaces with 20 or more staff, 2,334 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- AvalanchesVery high
- Winter weatherVery high
- LightningVery high
- WildfireRelatively high
- Strong windRelatively high
- Inland floodingrelatively high in parts of Park CityRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Park City’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Summit County and the Heber, UT metro.
Park City home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Park City$1,598,285
- Utah$532,920
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Park City listings, and the typical home goes pending in 46 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Park City19.44%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Park City46
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Park City847
New listings per month
Sellers arriving at the market.
- Park City143
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Park City$1,739,248
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Park City96.26%
Zip codes with a Park City address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Park City — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Park City
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 84098 | Park City | 20,357 | $3,639 | $1,375,209 |
| 84060 | Park City | 8,619 | $3,345 | $2,197,763 |