Ski onto Main Street using Town Lift.
The location of your rental is also an important consideration. As a general rule of thumb, the closer you are to major attractions, the higher your nightly rate will be. Time is money, and a convenient location will save you a ton of time, for a price. In a town like Park City, the ski resorts are the biggest attraction in town. Properties near the slopes cost more—on the average—than those on the outskirts of town. But there are additional factors. Main Street is also a major attraction, and homes/hotels on or near the downtown area come at a premium. Staying a few minutes away in a neighborhood like Prospector Square or Kimball Junction will cut down your bill considerably, and adds a few minutes each way to your transit time. Ultimately, your valuation of price vs convenience will dictate your choice of location.
The biggest location premium in Park City is the prestigious ski-in/ski-out feature. When a property is labeled ski-in/ski-out, it technically means that you can leave and return to your rental with skis on your feet. The term is often stretched a bit to apply to any property with immediate access to the resort, even if you have to cross a parking lot or climb some stairs first. Supremely convenient, this feature is limited by geography. There are only so many buildings that can fit around the resorts, and the limited supply creates exceptional demand. As a result, any property that offers ski-in/ski-out as a feature is going to charge a higher rate than a comparable property just 100 yards away. If you don’t mind a short walk, you can save quite a bit by skipping out on ski-in/ski-out.
It also goes without saying that square footage costs money. The larger your potential accommodations, the larger the nightly rate will tend to be. Smaller lodging choices are more affordable, but the smaller size generally means there is less to do “at home.” If you and three friends are bunking in a studio, you aren’t going to be doing a lot in the evening in your room. There just isn’t enough space. If your family of five is relaxing in a large 3-bedroom home, your time in the house could be just as exciting and enjoyable as your time on the slopes. Interestingly, the increased impetus to go out and seek entertainment around town to keep yourself busy can more than make up the rate difference between a smaller and a larger property. Don’t end up paying more for less by accident.