Mountain West5.8% 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.

5.8%
Avg Cap Rate
Net operating income / price
63%
Avg Occupancy
Annual average
$695
Avg Nightly Rate
All property types
$1.1M
Median 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 median 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

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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