Magna, UT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

19 / 52

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$22,760

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$447,818

Median Home Sale Price

Top Earners

$35,745

Top-Earners Revenue

Magna

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Magna.

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B

Generally Investor friendly

Magna Regulations

STRs are clearly allowed and there is an established city licensing path; moderate permitting, compliance (life-safety, taxes, operational rules) is required and costs/inspection specifics are not fully disclosed. No strict caps or citywide bans are indicated, and a functioning STR market (44 listings) supports investor-friendly access.

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About Magna

Magna is a census-designated place in Salt Lake County, Utah, tucked into the western end of the Salt Lake Valley where the Oquirrh Mountains meet the flatlands edging the Great Salt Lake. With a population of roughly 30,000, it carries a working-class, down-to-earth character shaped by generations tied to the nearby copper mining industry. The community is perhaps best known as the gateway town to the Kennecott Bingham Canyon Mine, one of the largest open-pit mines in the world, and as a convenient jumping-off point for adventures on and around the Great Salt Lake. Magna sits about 15 miles west of downtown Salt Lake City, close enough for easy day trips into the city but far enough to feel like its own quiet corner of the Wasatch Front.

A short drive northwest of Magna brings visitors to the southern shore of the Great Salt Lake, the largest saltwater lake in the Western Hemisphere. The historic Saltair venue, once a glittering Gilded Age resort and now a revived concert and event space, sits along these shores and offers an atmospheric stop for travelers curious about the region's past. The lake's mineral-rich waters, shoreline access, and famous sunsets draw visitors year-round, and the surrounding wetlands are popular with birdwatchers.

Just south of town, the Bingham Canyon Mine — also known as the Kennecott Copper Mine — cuts an enormous scar into the Oquirrh Mountains. Operated by Rio Tinto, it has been in continuous production for more than a century and is visible from many vantage points in Magna. A public overlook offers a chance to view the staggering scale of the operation up close, and a visitor center shares the geology and history of one of the most productive copper deposits ever discovered.

About 30 minutes north of Magna, Antelope Island State Park sits in the Great Salt Lake and is reached by a causeway from the nearby town of Syracuse. The park is home to free-roaming bison and mule deer, along with miles of hiking and biking trails, primitive campgrounds, and sandy beaches along the lakeshore. It is a favorite day-trip destination for anyone interested in wildlife, photography, or simply escaping into wide-open space.

Magna's appeal as a base for short-term rentals comes from this mix of industrial heritage, lakefront access, and proximity to Salt Lake City's many offerings, including Temple Square, the Utah State Capitol, and a cluster of museums. In winter, the Cottonwood Canyons ski resorts — Snowbird, Alta, Brighton, and Solitude — are roughly an hour's drive up the canyon, while Park City lies a similar distance to the east. With easy access to Salt Lake City International Airport and a more affordable cost base than the mountain resort towns, Magna offers travelers an underrated home base for exploring both the urban and natural sides of northern Utah.

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