Mountain West8.3% avg cap rate

Park City, UT

Utah ski and Sundance market - premium dual-season demand

Park City hosts two world-class ski resorts (Park City Mountain and Deer Valley) plus the Sundance Film Festival, creating extraordinary demand spikes across all seasons. Properties near the Town Lift or Park City Mountain Resort base command the highest premiums. Utah has no state income tax on rental income, making after-tax returns especially attractive.

8.3%
Avg Cap Rate
Net operating income / price
63%
Avg Occupancy
Annual average
$695
Avg Nightly Rate
All property types
$1.1M
Avg List Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
63% occ × $695/night
$159,815
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $63,926
Est. net operating income
Before mortgage & depreciation
$95,889
At $1.1M avg price
Implied cap rate
8.3%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Park City

Two world-class ski resorts plus Sundance Film Festival
No Utah state income tax on STR rental income
Town Lift proximity doubles typical nightly rate
Summer concerts and events drive strong shoulder demand
Peak season: Dec - Mar (ski), Jan (Sundance)
Top property types: Condo, Ski-in/Ski-out, Single Family, Townhouse
Primary zip: 84060, 84098

Park City STR investing, answered

Is Park City, UT a good short-term rental market?

Park City is a Mountain West STR market averaging a 8.3% cap rate, 63% annual occupancy, and $695/night across STR-viable listings. Park City hosts two world-class ski resorts (Park City Mountain and Deer Valley) plus the Sundance Film Festival, creating extraordinary demand spikes across all seasons. Properties near the Town Lift or Park City Mountain Resort base command the highest premiums. Utah has no state income tax on rental income, making after-tax returns especially attractive.

What is the average Airbnb occupancy rate in Park City?

STR-viable properties in Park City average about 63% occupancy across the year. Peak season is Dec - Mar (ski), Jan (Sundance). Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.

How much do short-term rentals earn in Park City?

At $695/night and 63% occupancy, a typical Park City STR grosses roughly $159,815 per year before expenses, leaving an estimated $95,889 in net operating income against a $1.1M average price, an implied 8.3% cap rate. Individual results depend on property, amenities, and management.

What types of properties work best for STR in Park City?

The strongest-performing STR property types in Park City are Condo, Ski-in/Ski-out, Single Family, Townhouse. Two world-class ski resorts plus Sundance Film Festival. Matching the local guest profile and the amenities that drive bookings in this market matters more than raw square footage.

What is the median STR-viable home price in Park City?

STR-viable listings in Park City average around $1.1M. Primary STR ZIP codes include 84060, 84098. Combined with the market's 8.3% average cap rate, that price level sets the return baseline you'd underwrite against.

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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