Is Park City Overpriced — Or Still a Smart Long-Term Investment?

Prices in Park City have risen quickly, and it’s reasonable to wonder whether buying here now makes financial sense. Park City is undeniably expensive — but that doesn’t mean it’s overpriced.

Here’s the real breakdown based on market fundamentals, neighborhood performance, and long-term demand.

Why Park City Isn’t Overpriced

Park City has unique factors that give it insulation from the typical boom-and-bust cycles you see in larger cities.

1. Permanent Land Scarcity

Protected open space, mountain topography, and strict zoning limit future housing supply. Demand rises while supply stays tight — and that keeps long-term values strong.

2. Dual-Season Appeal

Few ski towns have equally strong winter and summer seasons. Park City does.

Ski season + golf/hiking/biking season = year-round tourism + steady buyer demand.

3. Utah’s No-Income-Tax Advantage

High-net-worth buyers from CA, NY, TX, FL consistently choose Park City for lifestyle and tax reasons.

Nightly Rental Performance Remains Strong

If you’re buying for investment, legal STR zones perform exceptionally well:

• Old Town

• Canyons Village

• Empire Pass

• Upper Deer Valley (select areas)

• Kimball Junction (select buildings)

Premium nightly rates and high winter occupancy levels create powerful income potential.

What About a Market Correction?

Park City historically:

• dips less

• stabilizes sooner

• recovers faster

We’re driven by lifestyle buyers, relocation buyers, and second-home owners — not purely rate-sensitive primary-home shoppers.

Bottom Line

Park City is expensive, yes. But overpriced? Historically, no.

If you’d like a custom breakdown for your situation, reach out to Park City Brokers for a private consult.