Draper, UT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Draper short-term rental market based on reliable data.

Listings

170 / 306

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$30,648

Middle-Earners Revenue

Occupancy

76%

Middle-Earners Occupancy

Home Value

$801,050

Median Home Sale Price

Top Earners

$61,705

Top-Earners Revenue

Draper

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Draper.

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B

Generally Investor friendly

Draper Regulations

Draper clearly permits short‑term rentals in single‑family, condos, and townhomes (including renting a room), and imposes no city STR license for single‑unit STRs, keeping entry easy. Constraints include the ban on using internal ADUs as STRs, detached ADUs limited to 30+‑day rentals, and business licensing for portfolios of 4+ homes or any multi‑family STR, which introduces moderate friction but remains manageable.

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About Draper

Draper is a city in Salt Lake and Utah counties in the U.S. state of Utah, about 20 miles (32 km) south of Salt Lake City along the Wasatch Front. As of the 2020 census, the population is 51,017, up from 7,143 in 1990.Draper is part of two metropolitan areas; the Salt Lake County portion is in the Salt Lake City metropolitan area, while the Utah County portion is in the Provo-Orem metropolitan area. The Utah State Prison is in Draper, near Point of the Mountain, alongside Interstate 15. Gary Gilmore's execution occurred on 17 January 1977. The Utah Legislature voted to relocate the state prison to Draper in 2014 and in 2015 approved the Salt Lake City location the prison relocation commission recommended. The Draper Prison will close in 2022. Inmates will be moved to a new prison facility in Salt Lake City; the new prison is slated for completion in mid-2022.Draper has two UTA TRAX stations (Draper Town Center, 12300/12400 South and Kimball's Lane 11800 South) as well as one on the border with Sandy (Crescent View 11400 South). A FrontRunner commuter rail station serves the city's west side. The city has around 5 FLEX bus routes connecting neighboring communities and two bus routes to Lehi Frontrunner Station and River/Herriman, connecting at Draper Town Center and the Draper Frontrunner Stations. The city is home of 1-800 Contacts and a large eBay campus.

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