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Draper, UT Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,737
Monthly Cash Flow
-$2,345
Principal + Equity
$5,430
Annual Total Gain
$37,025
Cash on Cash
-14.06%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$140
Occupancy Rate
64.52%
Monthly Revenue
$2,064
Monthly Cash Flow
-$2,327
Principal + Equity
$5,430
Annual Total Gain
$37,238
Cash on Cash %
-13.95%
Net ROI %
Market Health & Growth
Median Income
$130,680
Population
50,159
LTR Renter %
28.32%
Forecast (1 yr)
1.3%
Appreciation (1 yr)
2.08%
Appreciation (5 yr)
42.98%
Appreciation (10 yr)
100.74%
Job Growth
-1.28%
LTR Rentability
Moderate
STR Demand
68
STR Rentals
223
Top Public Schools
AUtah County Academy of Sciences (UCAS)
AItineris Early College High School
A
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Suburbs to Raise a Family in Utah
#5out of 72 markets
Places with the Best Public Schools in Utah
#1out of 134 markets
Suburbs with the Best Public Schools in Utah
#1out of 72 markets
A-
Public School
B-
Crime And Safety
C
Housing
B-
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Draper, UT.
As of September 2021, Draper, UT has specific regulations in place for short-term rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Zoning Restrictions: Draper has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short-term rentals.
2. Licensing and Permits: In Draper, STR operators are required to obtain a business license and a short-term rental permit in order to legally operate. Investors should factor in the cost of these permits when considering the financial feasibility of purchasing a property for short-term rental purposes.
3. Occupancy Limits: Draper has regulations in place that limit the number of guests allowed to stay in an STR at any given time. Investors should be aware of these occupancy limits and ensure that the property they are considering purchasing complies with these regulations.
4. Noise and Nuisance Regulations: Draper has noise and nuisance regulations in place that STR operators must adhere to. Investors should be aware of these regulations and ensure that the property they are considering purchasing is in compliance with them.
5. Taxation: In Draper, short-term rental operators are required to collect and remit transient room taxes on a regular basis. Investors should be aware of these tax obligations and factor them into their financial projections for the property.
Overall, investors considering purchasing a property in Draper, UT for short-term rental purposes should thoroughly research and understand the local regulations and requirements in order to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Draper, UT, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Draper, UT.
The LTR Genie Score of Draper, UT is 53 and STR Genie Score is 53, indicating a moderate level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0% suggests stable rental prices, while the Net ROI for both LTR and STR properties is relatively high at 18.5% and 18.6% respectively. The 1-Year Price Appreciation Forecast of 1.3% indicates a modest increase in property values. The STR Occupancy rate of 64.52% and STR Revenue of 2064 show a decent demand for short-term rentals in Draper.
Draper, UT is a growing suburb located just south of Salt Lake City, known for its family-friendly neighborhoods, outdoor recreational opportunities, and strong local economy. With a mix of urban amenities and natural beauty, Draper attracts a diverse range of residents and visitors, making it a potentially lucrative market for real estate investors.
In conclusion, Draper, UT presents opportunities for both long-term and short-term rental investments. With stable rental prices, high ROI, and a modest appreciation forecast, investors may find success in either market. However, considering the moderate Genie Scores and the demand for short-term rentals in the area, it may be beneficial to explore opportunities in the short-term rental market as well. Ultimately, conducting thorough market research and analysis will be key to making informed investment decisions in Draper, UT.
LTR Genie Score 66
$1,390,000
🛏 5 Beds🛁 5.0000 Baths🏙 6,071 sqft.🏠 SINGLE FAMILY
