Those who hail from Park City, Utah know that it is a haven for recreation. While it may be a popular tourist spot, what about those who are looking to relocate to this city? Here is our ultimate guide to living in Park City, Utah.
Where is Park City, Utah?
Utah is part of the western United States, and is bordered by Idaho to the north, Wyoming to the northeast, Colorado to the east, Arizona to the south, and Nevada to the west.
Located in the Summit County of Utah, Park City is located about 40 minutes south of Salt Lake City. Its location makes it part of the Wasatch Back, which is a region of the Rocky Mountains.
About Park City
Park City began as a mining town. But when the industry shut down, the city started to rebuild in the ’80s and ’90s as a recreational resort destination. Park City Ski Resort and the Canyons resort merged in 2015, which is now the largest ski area in the USA, with 17 slopes, 300 trails, 14 bowls and over 22 miles of lifts.
Because Park City, Utah has become such a destination, tourism brings in over $529 million a year to the Utah economy. They also host the Sundance Film Festival, which can account for $80 million.
The Sundance Film Festival is held every winter in Park City. This festival hosts original filmmakers and audiences that come together to view original work, which usually includes dramas and documentaries, and many of these films become critically acclaimed.
Park City’s Old Town has a colorful history
and is full of character.
Old Town reflects the rich mining history of Park City, which was incorporated as a city in 1884, eighteen years after silver was discovered in its mountains.
Many of the original commercial and residential buildings still remain, reflecting the Victorian architecture of that era. Main Street in Old Town is known for its great shops, world class restaurants, art galleries and unique character.
You'll see multi-million dollar penthouses on Main Street right next to inexpensive condos. There are spacious ski-in, ski-out homes and small miner’s cottages, right next to homes that are maintained beautifully next to rental properties in need of some love. That’s the beauty of Park City’s Old Town. It’s not cookie cutter subdivision bland. The beauty is in the diversity, the diversity of homes and of residents. Approximately 50% of the homeowners are full-time, the other 50% are either second home owners or investment/rental properties.
Land is at a premium in Old Town. It is hard to find lots to build on - nobody wants to let them go!
From Old Town you can walk to Historic Main Street for dining or shopping. The City has installed stairs at intervals to get you up to Lowell and down to Park Ave. You are in the middle of all the action. Many of the Old Town homes are within walking distance to Park City Mountain Resort for skiing or hiking and biking in the summer.
Prices range from the $200’s for a condo up to $8+ Million dollars for a large home on a large lot. The average home right now is 3-4 bedrooms, 1 car garage, 2000 sq ft and runs between $799,000 and about $900,000.