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West Valley City, 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
$1,656
Monthly Cash Flow
-$856
Principal + Equity
$3,811
Annual Total Gain
$35,465
Cash on Cash
-8.87%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$157
Occupancy Rate
67.74%
Monthly Revenue
$2,320
Monthly Cash Flow
-$540
Principal + Equity
$3,811
Annual Total Gain
$39,258
Cash on Cash %
-5.59%
Net ROI %
Market Health & Growth
Median Income
$88,604
Population
137,955
LTR Renter %
28.94%
Forecast (1 yr)
1.1%
Appreciation (1 yr)
1.1%
Appreciation (5 yr)
42.99%
Appreciation (10 yr)
135.68%
Job Growth
0.61%
LTR Rentability
Moderate
STR Demand
73
STR Rentals
3,563
Top Public Schools
AItineris Early College High School
A-Academy for Math, Engineering & Science (AMES)
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Utah
#2out of 72 markets
Most Diverse Places to Live in Utah
#6out of 154 markets
Best Suburbs for Young Professionals in Utah
#50out of 72 markets
C-
Public School
D
Crime And Safety
C-
Housing
B-
Nightlife
C
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 West Valley City, UT.
As of September 2021, West Valley City, UT has regulations in place for short term rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Licensing: All STRs in West Valley City are required to obtain a business license and a short-term rental permit. The permit must be renewed annually and there are fees associated with both the permit and the license.
2. Occupancy limits: The city has specific occupancy limits for STRs, which vary depending on the size of the property. It is important for investors to ensure that they comply with these limits to avoid fines or penalties.
3. Parking requirements: West Valley City has specific parking requirements for STRs, including the number of parking spaces required per bedroom. Investors should ensure that their property meets these requirements to avoid any issues with the city.
4. Noise regulations: The city has noise regulations in place that apply to all properties, including STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them to avoid complaints from neighbors.
5. Insurance requirements: West Valley City requires all STRs to carry liability insurance with a minimum coverage amount. Investors should ensure that they have the appropriate insurance coverage in place before renting out their property.
6. Zoning restrictions: Investors should also be aware of any zoning restrictions that may apply to their property. Some areas of West Valley City may have specific zoning regulations that restrict or prohibit short term rentals.
Overall, investors should thoroughly research and understand the regulations and requirements for short term rentals in West Valley City before purchasing a property for this purpose. Failure to comply with these regulations could result in fines, penalties, or even the shutdown of the rental property.
Market Trends Over Time
Explore 25 years of market data for West Valley City, 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 West Valley City, UT.
The LTR Genie Score of West Valley City, UT is 56 and STR Genie Score is 73, indicating a moderate and high rating respectively. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0% and a Net ROI of 30.62%. On the other hand, the STR Net ROI is slightly higher at 33.90%, with an Occupancy rate of 67.74% and Revenue of 2320. The 1-Year Price Appreciation Forecast is 1.1%.
The high STR Genie Score can be attributed to the strong Net ROI, Occupancy rate, and Revenue, indicating a potentially lucrative market for short-term rental investments. On the other hand, the moderate LTR Genie Score may be due to the stagnant Rent Growth Rate, despite a decent Net ROI.
Considering the metrics provided, West Valley City, UT seems to be more attractive for short-term rental investments due to the higher Genie Score and stronger performance indicators in the short-term rental market. However, investors should also consider the 1-Year Price Appreciation Forecast and weigh the potential for long-term growth in the market.
West Valley City, UT is a growing suburb of Salt Lake City, offering a mix of residential and commercial properties. The city has a diverse population and a range of amenities, making it an attractive location for real estate investors looking for opportunities in the Salt Lake City metropolitan area.
LTR Genie Score 64
$364,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,612 sqft.🏠 SINGLE FAMILY