Midvale, UT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

121 / 212

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$29,110

Middle-Earners Revenue

Occupancy

78%

Middle-Earners Occupancy

Home Value

$495,255

Median Home Sale Price

Top Earners

$55,977

Top-Earners Revenue

Midvale

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Midvale.

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B

Generally Investor friendly

Midvale Regulations

Midvale explicitly allows STRs citywide with a straightforward rental dwelling unit license under Chapter 5.30, no strict caps are mentioned, and Utah law protects online listing activity. However, ADUs are prohibited from STR operation, investors must obtain licensing and comply with building/safety codes, and the license includes penalty provisions for violations.

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About Midvale

Midvale sits in the heart of Salt Lake County, Utah, just south of Salt Lake City in the Salt Lake Valley. With a population of approximately 34,000 residents, it functions as a centrally located suburb that doubles as a convenient jumping-off point for both the urban offerings of the capital region and the outdoor recreation of the Wasatch Mountains. The city carries a practical, working-class character with a revitalized historic Main Street, and travelers passing through quickly notice how compact and well-connected it is, anchored at the junction of Interstates 15 and 215. Salt Lake City lies roughly ten miles to the north, and the trailheads, ski resorts, and canyon towns of the Wasatch Range begin about twenty minutes to the east.

Just up Little Cottonwood Canyon from Midvale sit Snowbird and Alta, two of the most storied ski areas in North America. Skiers and snowboarders can leave Midvale in the morning and reach the base of the aerial trams and powder-stacked ridges in thirty to forty minutes, making the city a natural base for winter visitors who prefer more space and quieter evenings than the resorts themselves. In summer the same canyons offer hiking, climbing, and wildflower-strewn meadows, with Cascade Springs and Albion Basin drawing families and photographers.

A short drive north leads to Temple Square in downtown Salt Lake City, the historic and spiritual core of the Church of Jesus Christ of Latter-day Saints. The square's manicured gardens, the Salt Lake Temple, the tabernacle, and the famed Mormon Tabernacle Choir draw visitors year-round, and the surrounding downtown adds museums, restaurants, and a walkable grid of nineteenth-century architecture roughly fifteen minutes from Midvale.

For a family-oriented outing, the Loveland Living Planet Aquarium in nearby Draper is a popular stop about ten minutes south of Midvale, featuring shark tanks, sea otters, and interactive exhibits that appeal to younger visitors. Closer to home, Gardner Village offers a cluster of historic cottages converted into boutiques, bakeries, and seasonal events, giving Midvale itself a small but charming destination for an afternoon of strolling and shopping.

Midvale works well as a base for short-term rentals precisely because of its central, commuter-friendly position in the Salt Lake Valley. Guests can reach the ski lifts, the airport, downtown cultural sites, and the trailheads of the Wasatch without the premium pricing of resort lodging or the congestion of the urban core, while still enjoying a community with its own restaurants, parks, and easy freeway access.

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