Market Overview
Home Prices in Park City, MT
The median home value in Park City, MT is $518,497 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Park City are priced26% above average. Park City is part of the Billings, MT metro area.
Over the past five years, Park City home values have risen by approximately44.2%, reflecting strong long-term appreciation in this market.
Price History
Park City Home Price Trend
City Comparison
Park City vs. National Median
At $518,497, homes in Park City cost 26% above the national median of $410,000. Buyers in Park City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Park City?
20% Down Payment
$103,699
on $518,497
Monthly P&I
$2,704/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,434/mo
incl. taxes & insurance
Income Needed
$137,360
gross annual (30% rule)
10% Down Option
$51,850
+ PMI applies
Loan Amount (20% dn)
$414,798
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Park City, MT?
The median home value in Park City is $518,497 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Park City?
Over the past year, home values in Park City have increased by 9%. Over five years, prices have risen approximately 44.2%.
How much do I need to earn to buy a home in Park City?
To comfortably afford the median home price of $518,497 with a 20% down payment ($103,699) at today's rates (6.8%), you'd need a gross annual income of approximately $137,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Park City compare to the national average home price?
The national median home value is approximately $410,000. At $518,497, homes in Park City are 26% above the national average.
What metro area is Park City part of?
Park City is part of the Billings, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.