The short-term rental market is growing in Utah, especially concentrated in particular areas, according to a new report put out by the Kem C. Gardner Policy Ins
titute.
titute.Ellis has lived in the area for a few years. “I was looking for an apartment or a condo or a house for my family to rent for the next year or two, and we couldn’t find anything that went through the ski season,” Ellis said. “All the rentals are only available until November, December and then they want to surcharge everybody for 6 months.”“Park City has prioritized tourism to the point where it just pushes locals out,” Ellis said.
He said in general, Utahn’s won’t notice a housing market impact by short-term rentals, but there are some places that see the impact more than others — like those that hold a big tourism economy, places near ski resorts and national parks. The study shows that over 60% of short-term rentals are in Salt Lake, Summit and Washington Counties.Eskic said short term rentals are an economic benefit, adding that with the Olympics coming, short-term rentals will probably increase.“I know a lot of people are moving to Heber, Kamas and Francis, and I worry after the Olympics those places will then be uninhabitable,” she said.
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