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Affordable
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These days, finding an affordable place to live in the Park City area can be challenging. Home prices in Park City are now at a median cost of $1,650,105, higher than the Utah average of $525,914.
The average cost of rent is $2,502/mo in Park City, primarily driven by the current value of real estate in the Park City area. In Park City, 27.69% of households rent, and 41.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park City is $11,019 per month. Households that rent pay about 22.71% of their income on rent here. Park City’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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