Park City, UT—84098
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Park City, UT
Home Price Trends — Park City, UT
As of Oct '25, the median home price in Park City, UT is $1,308,000, with a year-over-year change of 0.4%. This indicates that home prices in Park City, UT are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,308,000 | 0.4% |
| Single Family | $1,663,000 | 0.5% |
| Condos | $741,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $464,000 | -4.3% |
2 Bed | $779,000 | -1.3% |
3 Bed | $1,209,000 | 0.7% |
4 Bed | $1,832,000 | 0.5% |
| 5 Bed | $2,655,000 | 0.6% |
% of Housing Stock
Rental Trends — Park City, UT
As of July '25, Rentcast reports the average rent in Park City, UT is $4,080, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Park City, UT is 1-bedrooms: $2,490, 2-bedrooms: $3,360, 3-bedrooms: $3,780, 4-bedrooms: $5,000. The most common rental property sizes in Park City, UT are 2-bedroom and 3-bedroom, accounting for 31.2% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,650 | $4,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,400 | $2,490 |
| 2 Bed Rent | $2,700 | $3,360 |
| 3 Bed Rent | $3,600 | $3,780 |
| 4 Bed Rent | $4,500 | $5,000 |
% of Rental Stock
Property Listings — Park City, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Park City, UT is 101. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,420,000 | -10.0% |
Listing Count | 553 | 0.0% |
| Listings as % of Homes | 4.6% | 0.0% |
Days on Market | 101 | 6.0% |
Demographics — Park City, UT
As of the latest ACS Survey released in 2023, Park City, UT has a population of 20,300, which has increased by 4.9% over the past 5 years. Park City, UT is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 70.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,300 | 4.9% |
% Under 18 | 24.4% | -7.9% |
% Seniors | 13.2% | 23.4% |
% WFH | 30.7% | 99.4% |
% w/ College Degree | 70.8% | 3.7% |
As of the latest ACS Survey released in 2023, Park City, UT is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Park City, UT is hispanic, making up 7.1% of the population. Foreign-born residents account for 8.3% of the population in Park City, UT, and this percentage has decreased by 10.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.2% | -1.6% |
% Black | 0.1% | -83.3% |
% Hispanic | 7.1% | 1.4% |
% Asian | 2.3% | -11.5% |
% Foreign Born | 8.3% | -10.8% |
Mortgage and Risk — Park City, UT
According to HUD data as of 2023, there were 691 mortgage originations in Park City, UT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Park City, UT. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 691 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Park City, UT
Park City, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$640 | $2,400 | $1,760 |
| 2 Bedroom | -$540 | $2,700 | $2,160 |
| 3 Bedroom | -$740 | $3,600 | $2,860 |
| 4 Bedroom | -$1,530 | $4,500 | $2,970 |
Affordability — Park City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $1,308,000 |
| Median Household Income | $171,000 |