Park City, Utah Short-Term Rental Market Overview
Visitor Profile
Park City, Utah attracts a diverse range of visitors, including outdoor enthusiasts, winter sports lovers, art aficionados, and luxury travelers. Many are drawn to the region’s world-class skiing, snowboarding, and mountain biking, especially during the winter months. Adventure seekers flock to experience thrilling activities like the Utah’s longest mountain coaster or explore scenic mountain trails, all complemented by a vibrant arts scene—highlighted annually by the Kimball Arts Festival.
Top Attractions
Park City, Utah is renowned for its world-class ski resorts, including Deer Valley Resort and Park City Mountain Resort, which offer extensive terrains for snowboarding and skiing enthusiasts. Beyond winter sports, the town transforms into a vibrant summer destination with activities like hiking, mountain biking, scenic hot air balloon rides, and outdoor festivals. Visitors are drawn to its picturesque mountain scenery, historic Main Street with boutique shopping and fine dining, and cultural events such as the Sundance Film Festival, making it a year-round hub of outdoor adventure and entertainment.
The town’s rich history as a mining town is celebrated in museums and cultural sites, while iconic attractions like the Utah Olympic Park and the National Ability Center showcase its Olympic legacy and commitment to accessible outdoor recreation. Whether seeking adrenaline-pumping outdoor activities or relaxing in luxury accommodations, travelers find a perfect blend of adventure, culture, and scenic beauty in Park City. Its proximity to Salt Lake City also makes it an accessible and appealing destination for travelers seeking a diverse and dynamic mountain escape.
Regulations
Park City, Utah, implements a structured and specific regulatory framework governing short-term rentals (STRs), reflecting the community’s unique blend of residential and tourist dynamics. Hosts can expect distinct requirements relating to property location, licensing, and operational standards that balance neighborhood preservation with the accommodation of visitors. Engaging with these regulations is essential for lawful and successful STR hosting, encompassing permits, occupancy limits, and tax compliance. Understanding and adhering to these rules ensures a positive experience for hosts, guests, and the wider community.
Key Regulatory Considerations:
– Licensing and Permits: Park City requires STR operators to obtain a business license and a transient room tax license. These licenses must be renewed annually, with fees dependent on the specific rental category and service scope. Licensing is managed by the Park City Planning Department and the Finance Department for tax-related matters.
– Primary Residence Requirements: Certain STR permits in Park City mandate that the rental property must be the host’s primary residence. This requirement is designed to control the number of non-owner-occupied short-term rentals in residential neighborhoods. There may also be limits on the total days a property can be rented if not a primary residence.
– Zoning and Location: STRs are regulated according to zoning classifications. Park City’s zoning ordinance restricts or prohibits short-term rental activity in specific zones to maintain neighborhood character and address concerns such as noise and parking.
– Occupancy, Health & Safety: The city imposes maximum occupancy limits based on unit size and requires compliance with safety standards including smoke detectors, carbon monoxide alarms, and fire extinguishers. Hosts must ensure properties meet these health and safety regulations before renting.
– Tax Obligations: A transient room tax applies to short-term rentals, and hosts must collect and remit these taxes to the city. This includes the Park City transient room tax as well as state sales tax where applicable.
– Operational Standards & Enforcement: Advertising must accurately represent the property and comply with permit conditions. The city enforces noise ordinances and guest conduct rules, with penalties for violations ranging from fines to revocation of rental permits.
For the most current and legally binding information, property owners should consult the City of Park City’s Official STR Regulations Page which provides the detailed code and guidance documents directly from the Planning Department and related city offices.
Park City, Utah Market Performance Trends
Park City, Utah Rental Market Insights
10-Year Market Growth
Growth chart data is not available for this location.
Booking Activity
- 1-3 Months:67.3% Booked
- 4-6 Months:51.8% Booked
- 7-9 Months:18.6% Booked
- 10-12 Months:4.5% Booked
Cancellation Policies
- Flexible:12.1%
- Moderate:19.4%
- Strict:48.9%
- Super Strict:48.9%
- N/A:1.5%
Minimum Stay
- 1 Day:525
- 2 Days:654
- 3 Days:506
- 4-6 Days:288
- 7-29 Days:97
- 30+ Days:19