City-level modeled home values
Park City Home Values in Context, 2019 to 2026
Research question
How did Zillow’s modeled typical home values change in Park City, Midway, and Salt Lake City from 2020 through August 2026?
Zillow’s modeled typical home value rose much faster in Park City and Midway than in Salt Lake City between February 2020 and August 2026. Park City went from $888,982 to $1,607,176, a gain of 80.8%. Midway rose 74.6%, from $538,188 to $939,463. Salt Lake City rose 44.1%, from $396,873 to $572,003, per Zillow Research’s public home value data retrieved September 29, 2026. The most recent year was far quieter than the headline six-year figures suggest: Park City added about 5.0%, Midway 3.7% and Salt Lake City 2.4%. Most of the separation happened between February 2020 and August 2021, when Park City alone gained more than $348,000. This report sets the three cities on one index at four checkpoints, so the long-run gap and the recent slowdown can be read separately rather than collapsed into a single growth number.
Research by Kamee Shrope
Geography: CITY: Park City, Salt Lake City, and Midway, Utah
Period: February 2020 to August 2026, with August 2021 and August 2025 checkpoints
$1.61M
Park City ZHVI
August 2026, up about 5.0% year over year
$939K
Midway ZHVI
August 2026, up about 3.7% year over year
$572K
Salt Lake City ZHVI
August 2026, up about 2.4% year over year
How unevenly did home values change across the three cities?
Park City’s ZHVI moved from about $888,982 in February 2020 to $1,607,176 in August 2026, an increase of about 80.8%. Midway moved from about $538,188 to $939,463, an increase of about 74.6%. Salt Lake City moved from about $396,873 to $572,003, an increase of about 44.1%.
The comparison describes modeled city-level values, not what every home gained. Property type, condition, location, land, renovations, and the timing of an individual purchase still control the property-level analysis.
Zillow Home Value Index checkpoints, rounded to the nearest dollar
| City | Feb. 2020 | Aug. 2021 | Aug. 2025 | Aug. 2026 | 2020 to 2026 |
|---|---|---|---|---|---|
| Park City | $888,982 | $1,237,210 | $1,530,299 | $1,607,176 | +80.8% |
| Midway | $538,188 | $753,999 | $906,375 | $939,463 | +74.6% |
| Salt Lake City | $396,873 | $514,044 | $558,739 | $572,003 | +44.1% |
Sources: Zillow Research, Zillow Home Value Index (ZHVI), retrieved September 29, 2026; city file dated through August 31, 2026.
- City
- Park City
- Feb. 2020
- $888,982
- Aug. 2021
- $1,237,210
- Aug. 2025
- $1,530,299
- Aug. 2026
- $1,607,176
- 2020 to 2026
- +80.8%
- City
- Midway
- Feb. 2020
- $538,188
- Aug. 2021
- $753,999
- Aug. 2025
- $906,375
- Aug. 2026
- $939,463
- 2020 to 2026
- +74.6%
- City
- Salt Lake City
- Feb. 2020
- $396,873
- Aug. 2021
- $514,044
- Aug. 2025
- $558,739
- Aug. 2026
- $572,003
- 2020 to 2026
- +44.1%
Sources: Zillow Research, Zillow Home Value Index (ZHVI), retrieved September 29, 2026; city file dated through August 31, 2026.
What did the most recent year look like?
From August 2025 to August 2026, the modeled increase was approximately 5.0% in Park City, 3.7% in Midway, and 2.4% in Salt Lake City. This is a useful temperature check, but it is not a forecast and does not establish a value for a particular address.
For a buying or selling decision, pair the long-run series with current comparable closed sales and the property’s condition, rights, carrying costs, and intended use.
How were these figures produced?
- 1.Downloaded Zillow’s City ZHVI all-homes, middle-tier, smoothed and seasonally adjusted CSV on September 29, 2026.
- 2.Selected the Park City row in Summit County, the Salt Lake City row in Salt Lake County, and the Midway row in Wasatch County.
- 3.Calculated percentage change as (later value minus earlier value) divided by earlier value. Displayed dollar values are rounded after calculation.
What are the limits of this data?
- ZHVI is a modeled typical value, not a median sale price, appraisal, asking price, or guarantee of what a home would sell for.
- City boundaries and housing mixes differ. Park City, Midway, and Salt Lake City should not be treated as like-for-like property sets.
- The series may be revised by Zillow. This report records the file available on September 29, 2026.
What else does this report answer?
How much have Park City home values risen since 2020?
Zillow’s typical home value for Park City rose 80.8%, from $888,982 in February 2020 to $1,607,176 in August 2026, per Zillow Research retrieved September 29, 2026.
Is Park City appreciating faster than Salt Lake City?
Over the six years to August 2026, yes: 80.8% against 44.1%. Over the most recent year the gap narrows to about 5.0% against 2.4%.
What is the typical home value in Midway, Utah?
$939,463 in August 2026, up 74.6% from $538,188 in February 2020 and about 3.7% over the latest year.
When did Park City values rise fastest?
Between February 2020 and August 2021, when the index moved from $888,982 to $1,237,210. The years since have added far less in percentage terms.
Is the Zillow index the same as a sale price?
No. ZHVI is a smoothed, seasonally adjusted estimate of the typical value for homes in the 35th to 65th percentile. It is not a median sale price, an appraisal, or a figure for any individual home.
Where do these numbers come from?
Retrieved: September 29, 2026; city file dated through August 31, 2026
Smoothed, seasonally adjusted estimate of the typical value for homes in the 35th to 65th percentile. It is not a median sale price or appraisal.
Companion article
How to use the long-run value series in a property decision
Read Kamee’s practical interpretation