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Park

Learn about the people, housing, costs and businesses in Park, Utah

Median Home$1,709,105
Median Rent$2,386/month
Population8,495
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare7% education
Home Value Growth+0.1% over 2 years
Retirees27% of residentsabove average nationally
Homeowners73% of occupied units
NotableHighly Educated39% bachelor's · 18% graduate · top 1% nationally
NotableAmenity Score78/100 · highly walkable area
Park City
UT

Frequently Asked Questions

What are today's mortgage rates in Park?

As of today, the 30-year fixed mortgage rate for Park is approximately 6.800% (6.833% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Park?

The median home value in Park is $1.7M. The median monthly rent is $2,386. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Park?

Home values in Park have increased 0.1% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Park?

Based on a typical all-in ownership cost of $2,445/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Park is $122k/year.

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What industries drive the economy in Park?

The largest employment sectors in Park are public administration (22%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.