Park City

As of May 2026, Park City, Salt Lake City, Provo have 8,284 active Airbnb and VRBO listings. This represents a 3% increase from the previous year.

The average Airbnb or VRBO in Park City generates $64K per year. High-performing properties earn $186K/year, while low-performing properties earn $35K/year. The significant spread between top and bottom earners highlights a high sensitivity to property positioning, as the market struggles with a 21% decline in annual revenue per listing.

Average home prices in Park City vary by property size: 1-bedroom properties cost approximately $597K, 2-bedroom homes average $553K, 3-bedroom properties are around $770K, and 4+ bedroom homes average $1.1M. These prices reflect median home values across the Park City, Salt Lake City, Provo area.

Airbnb and VRBO can be profitable in Park City, with an average gross yield of 7% across all properties. High-performing properties achieve yields up to 19%, which is considered top for short-term rental investment. This wide yield variance reflects an environment where revenue concentration at the top end remains the primary driver of investment returns.

The average occupancy rate for Airbnbs and VRBOs in Park City is 26%. This occupancy level, combined with an average nightly rate of $586, results in a RevPAR (revenue per available room) of $137 per day.

2-bedroom properties demonstrate the strongest performance in Park City, with an average gross yield of 8% and annual revenue of $54K. These properties balance purchase price ($553K), operating costs, and rental demand most effectively in the Park City market.

Short-term rental regulations vary by jurisdiction in the Park City area. Park City: Strict. Business license required, nightly rental permit, owner-occupancy or HOA approval needed, density limits in residential zones. Active enforcement with compliance checks and fines. Salt Lake City: Moderate. Business license and conditional use permit required for whole-home rentals, owner-occupancy mandate for some zones. Moderate enforcement, complaint-driven. Provo: Lenient. Business license required, basic safety standards. Light enforcement, minimal restrictions, hosts operate freely in most areas. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Park City Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 3% year-over-year, while RevPAR has decreased 21%. This indicates balanced supply-demand dynamics. The contraction in revenue amidst stagnant supply growth suggests that existing inventory is facing downward pressure on pricing power.

Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 78% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-May) when gaining traction is harder.

The most common amenities in Park City listings include: Kitchen (92%), Washing Machine (84%), Air Conditioning (77%), Hot Tub (75%), Tv (67%). Amenities that boost revenue the most include Hot Tub, Ski In Out, Washing Machine, with Hot Tub properties earning approximately 35% more ($120K/year vs $89K/year).

Monthly estimated revenue per listing in Park City over the last 12 months: May: $898, June: $2K, July: $2K, August: $2K, September: $1K, October: $1K, November: $1K, December: $8K, January: $10K, February: $10K, March: $9K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Park City is $586, down 8% year-over-year. By property size: 1-bedroom properties average $306/night, 2-bedroom properties average $472/night, 3-bedroom properties average $581/night, 4+ bedroom properties average $1K/night. Rates peak in February and are lowest in May.

Guests in Park City book an average of 45 days in advance, down 5% from last year. By property size: 1-bedroom: 34 days, 2-bedroom: 42 days, 3-bedroom: 49 days, 4+ bedroom: 54 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Park City Airbnb and VRBO market has seen the following changes: supply grew 3%, revenue per listing decreased 21%, occupancy fell 14%, average nightly rates decreased 8%, and lead time decreased 5%. These broad-based declines across occupancy and rates signal a market experiencing increased competitive friction.

In Park City, Friday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 33% higher occupancy than weekdays.