There are currently 17,284 real estate properties in Park City, UT, with a median automated valuation model (AVM) price of $1,148,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Park City, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Park City, UT, is $1,398,055.00, with the most expensive house in Park City, UT, topping out at $37,254,900.00 and the cheapest home in Park City, UT, clocking in at $146,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Park City, UT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Park City, UT, is on a rollercoaster ride. The average rent price in Park City, UT, is $3,080.00. Indeed, when looking to rent in Park City, UT, you can expect to pay as little as $840.00 or as much as $5,500.00, with the average rent median estimated to be $3,110.00. The good news is that finding an affordable and desirable property to rent in Park City, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Park City, UT area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Park City, UT and much more. Save thousands at closing with home foreclosure listings in Park City, UT — up to 75% off market value!
Park City is located in Summit, Utah, with an estimated municipal population of 8,526 residents. All of the best foreclosed homes for sale in Park City are located in the following zip code areas on Foreclosure.com: 84060 84068. The estimated population per square kilometer (.62 miles) in Park City is 164.
So, about how much do homes cost in Park City? The most recent median value of resident-owned homes in Park City is 1,166,015. An estimated 63 percent of households in Park City own their homes, with an average family size of 3.01. The median household income in Park City is 111,000, with54.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Park City, the median commute time of resident workers (in minutes) is 20. And last, but certainly not least, are you looking for homes to rent in Park City? If so, the average rent price paid by renters in Park City is 1,495, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Park City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Park City is 40, split between 50.3 percent male versus 49.7 female. The percentage of residents who report being married in Park City is 50.3, with an average family size of 3.01.
The percentage of residents who report their race in Park City is as follows:
|Black / African American||2.3%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Park City? Or maybe you are searching for 55+ active adult communities in and/or near Park City?
The percentage of residents who report their age in Park City is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Park City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Park City.
How do you know that living in -- or moving to -- Park City is right where you need to be? Perhaps you grew up in Park City or already live nearby; therefore, the decision to buy a home in Park City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Park City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Park City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Park City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Park City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Park City, meanwhile, can field multiple offers from more qualified buyers.