The Vacation Rental Market is Hot in Utah and Here’s Why You Should Buy Now

With all of the responsibilities of the holidays I often find myself needing a vacation from my holiday vacation. Which is why I love the idea of having a winter vacation property to retreat to after the New Year.

Now, if you’re like me, having a house you visit only once a year may seem like an unattainable luxury but purchasing a rental property in a winter vacation destination could actually be a wise investment. The key to finding an amazing rental property isn’t just knowing the best locations, it’s knowing what locations are up and coming.

I discovered a new report from the vacation rental pros at Vacasa that has confirmed something that I’ve believed about the Utah winter rental market for a long time. It’s primed to explode. Vacasa applied their prodigious data analysis skills to the copious amounts of data they have on vacation rental markets around the country and pinpointed the Top 10 best places to buy a winter vacation home right now.

Winter month occupancy in winter vacation destinations are up almost 25% year over year since 2016. That means that winter vacation destinations area real trend. But there’s more to finding a truly lucrative vacation property than proximity to skiing and snowboarding, like you’ll find here in the Salt Lake Valley, and all over much of Northern Utah!

Vacasa’s Winter Vacation Report identifies the markets with the highest average occupancy increases in the winter months and chose the ones with the best one-year return on investment. Park City, Utah was #4 on the list.

Here’s a little more detail on why Park City, UT. made the list:

Median Annual Rental Revenue: $50,410

Median Home Price: $557,700

One-Year Return Rate: 5.5%

As you can see, Park City’s low median home price and relatively high amount of annual rental revenue offers a very competitive one-year return rate.

Want to learn more? You can check out the report here!

And if you’re in the market for a winter vacation home I’d love to start a conversation about how to get into Park City or Any Of Utah’s Top Markets! Comment below with any questions!