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Park City, UT Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$3,802
Monthly Cash Flow
-$4,121
Principal + Equity
$12,122
Annual Total Gain
$96,006
Cash on Cash
-12.99%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$453
Occupancy Rate
45.16%
Monthly Revenue
$4,285
Monthly Cash Flow
-$4,281
Principal + Equity
$12,122
Annual Total Gain
$94,090
Cash on Cash %
-13.5%
Net ROI %
Market Health & Growth
Median Income
$140,875
Population
8,365
LTR Renter %
26.83%
Forecast (1 yr)
3.5%
Appreciation (1 yr)
1.6%
Appreciation (5 yr)
66.85%
Appreciation (10 yr)
128.87%
Job Growth
1.29%
LTR Rentability
High
STR Demand
48
STR Rentals
6,021
Top Public Schools
A-McPolin School
A-Old Mill School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Places to Live in Utah
#3out of 154 markets
Best Places to Raise a Family in Utah
#11out of 154 markets
Places with the Best Public Schools in Utah
#7out of 134 markets
B
Public School
B-
Crime And Safety
C
Housing
A-
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Park City, UT.
Park City, UT has specific regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Licensing and Permitting: In Park City, all short term rentals must be licensed and permitted by the city. This includes obtaining a business license and a short term rental permit.
2. Zoning Restrictions: Park City has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: Park City has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Park City has strict regulations regarding noise and nuisance behavior in short term rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: Short term rentals in Park City are subject to transient room tax, which is a tax on lodging accommodations. Investors should be aware of their tax obligations and ensure that they are in compliance with all tax laws.
6. Homeowner's Association Rules: If the property is located in a community with a homeowner's association, investors should be aware of any rules or restrictions regarding short term rentals. Some homeowner's associations may have their own regulations that must be followed.
Overall, investors considering purchasing a property for short term rental in Park City, UT should thoroughly research and understand the regulations and requirements in place to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Park City, UT, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Park City, UT.
The LTR Genie Score of Park City, UT is 68, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score is slightly lower at 59, suggesting that short-term rental properties may not be as lucrative as long-term rentals in this market. The LTR Net ROI of 25.22% and STR Net ROI of 24.72% are both strong indicators of potential returns for investors. The 1-Year Price Appreciation Forecast of 3.5% shows a positive outlook for property values in the area.
Park City, UT is a popular destination known for its world-class ski resorts, outdoor recreation opportunities, and vibrant arts and culture scene. The city attracts tourists year-round, making it an attractive location for both long-term and short-term rental investments.
Based on the metrics provided, Park City, UT appears to be a favorable market for long-term rental investment due to its high LTR Genie Score and strong LTR Net ROI. While short-term rentals can also be profitable, the slightly lower STR Genie Score may indicate that long-term rentals offer more stable and consistent returns in this market. Investors looking for a steady income stream and solid ROI may find success in Park City's long-term rental market.