Historic buildings and houses add much to the character of a city. There are many sites in Price that either currently have, or have the potential to be given, an official historic designation. National and state historic registers consider a structure to be eligible for listing if that structure is at least fifty (50) years old, has a high degree of physical integrity, meets certain criteria concerning association with historic events, persons, architectural or archeological significance or construction techniques.
The city's historical commission is involved in the preservation and restoration of structures in the downtown area, with the goal to restore older buildings to their original appearance. Also, there are many homes in the community which warrant preservation and possible designation of historic significance. A long range goal for the city and the historical commission is to inventory, preserve and protect these significant structures. (Ord. 2004-001, 2004)