Park City sits in the mountain ski STR category — a market profile with specific seasonal patterns, guest expectations, and regulatory considerations. The lenient STR regulatory environment shapes which acquisitions are workable.
Park City, UT is a low short-term rental DSCR market. Property type: Mountain ski. Median home value approximately $1.5M. Average nightly rate: $685.
Occupancy rate in Park City averages approximately 60%, which combined with the nightly rate produces gross annual revenue per property of approximately $150K.
Park City Utah premium ski STR. Sundance Film Festival. STR regulatory environment in Park City: lenient.
Park City seasonality and tourism patterns
Tourist demand in Park City tends toward multi-bedroom group bookings during ski season.
Park City STR economics
Park City STR cash flow math: $150K gross revenue minus operating costs of approximately $60K (cleaning, supplies, management, marketing, utilities) leaves roughly $90K for debt service and net cash flow.
Park City specific FAQ
Park City peaks December through March (ski season) with secondary summer. Lenders use annual averaged occupancy in underwriting.
Park City guests prefer multi-bedroom ski groups. Hot tubs and ski storage command premium rates.
Park City is generally STR-friendly with standard registration requirements.
Park City averages approximately 60% occupancy. Premium properties outperform; standard properties cluster near average.
Park City averages approximately $685 per night. Premium units command 1.5-2.5x average.
Full-service STR management in Park City runs 20-35% of gross revenue. Co-host arrangements run 15-25%. Self-management saves the fee but consumes 10-20 hours weekly.
A Park City STR at the median home value of $1.5M typically requires 25-30% down, furniture and setup ($15K-50K), reserves (6-12 months PITIA), and closing costs. Total initial capital roughly $558K+.
Bottom line for Park City STR investors
STR investing in Park City demands more operational attention than long-term-rental DSCR. The trade-off: 1.5-2.5x gross revenue compared to traditional rental, but 30-50% of gross consumed by operations. Net economics typically beat long-term-rental on the same property for operators who execute on the operational side.
STR regulations vary by city and change frequently. Verify current local rules before acquisition.