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Park City, MT
Challenging To Investors
Local STR Agent
Local STR Agent

Short-term rentals are conditionally allowed in Park City, Utah, but with significant restrictions. STRs are not permitted in most parts of Park City and are only allowed in specific zoning districts. The legality depends entirely on both zoning and jurisdiction, with two main governing areas:
Critical Warning: Even where zoning allows STRs, Homeowners Associations (HOAs) can override city permissions and prohibit rentals entirely.
Park City hosts earn a median $8,875/year with $131 ADR and 43% occupancy.
Top performers pull in $10,025+ per year.
See the full Park City market breakdownCritical Factor: HOAs frequently override zoning permissions. Communities like Red Ledges and Promontory often prohibit nightly rentals or allow only very limited hosted stays. Review CC&Rs before purchase, not just listing descriptions.
Common HOA Restrictions:
Final Investment Recommendation: Park City STRs remain viable but require meticulous compliance. Success depends on purchasing in the right zone, securing proper licensing, managing HOA relationships, and maintaining consistent tax and regulatory compliance. The market rewards prepared investors who understand both the opportunities and constraints in this highly regulated environment.
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Park City, Montana sits in Stillwater County in the south-central part of the state, a small community of roughly 800 residents nestled in the Yellowstone River valley along Interstate 90. It lies about 30 miles southwest of Billings, Montana's largest city, and roughly halfway between that urban hub and the small ranching town of Columbus. The community has a quiet, rural character rooted in agriculture and the surrounding high-plains landscape, and it functions as a low-key gateway to the Beartooth Mountains and the recreational lands that stretch south toward Yellowstone.
Just to the south of Park City rises the Beartooth Range, accessed via the Beartooth Highway (US-212), one of the most celebrated scenic drives in North America. The route climbs from the town of Red Lodge, approximately 65 miles south of Park City, up over Beartooth Pass at more than 10,000 feet before descending toward the northeast entrance of Yellowstone National Park. In summer the highway draws motorcyclists, road cyclists, and sightseers; in winter it generally closes to vehicles but opens to snowcoach and snowmobile tours from Red Lodge. Visitors based in Park City can reach the lower trailheads of the Beartooths in a little over an hour, with access to alpine lakes, fishing streams, and high-country hiking.
The historic Chief Plenty Coups State Park, home of the last recognized chief of the Crow Nation, lies about an hour south of Park City near the town of Pryor. The site preserves Plenty Coups' log home, a sacred spring, and a small visitor center, offering insight into the cultural and political history of the Apsáalooke people and the sweeping changes that came to the region in the 19th century. It is one of the more meaningful cultural stops in southern Montana.
Nearby, the Stillwater and Yellowstone Rivers run through the valley floor just outside town, supporting fly fishing, rafting, and riverside camping that appeal to guests looking for slower-paced outdoor experiences. And for travelers wanting urban conveniences, the dining, shopping, and air service of Billings is an easy 30-minute drive northeast, making Park City a convenient base for visitors who want to mix small-town Montana quiet with broader regional travel.
Park City's appeal for short-term rental guests comes from that balance. It offers a peaceful, affordable alternative to the busier gateway towns of West Yellowstone or Cooke City, while still putting visitors within reach of one of the world's great national parks, a legendary scenic highway, and a wealth of fishing, hiking, and cultural sites across the Yellowstone River country.
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