Park City, UT is a desirable area for many homebuyers, with a median house value of $1,454,500. This figure is significantly higher than the median house value in the United States as a whole, which is currently $338,100. In addition to having a much higher home price than elsewhere in the country, Park City has also seen an 8.44% increase in housing prices over the past year compared to 8.27% nationally. These figures demonstrate just how attractive this area is when it comes to buying real estate and show that it's an excellent place to invest in property.
The median home cost in Park City is $1,454,500. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Park City is up 16.3%.
Average Age of Homes
- The median age of Park City real estate is 29 years old
The Rental Market in Park City
- Renters make up 11.7% of the Park City population
- 12.1% of houses and apartments in Park City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.