Nephi, UT
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Nephi short-term rental market based on reliable data.
Listings
5 / 12
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$41,616
Middle-Earners Revenue
Occupancy
71%
Middle-Earners Occupancy
Home Value
$445,535
Median Home Sale Price
Top Earners
$57,492
Top-Earners Revenue
Nephi
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Nephi.
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Generally Investor friendly
Nephi Regulations
Short‑term rentals under 30 days are explicitly allowed citywide under Ordinance 11‑05‑2024 with a straightforward licensing pathway and standard safety inspections. Compliance is moderate (annual license, inspections, TRT/sales tax registration), and the tone appears supportive with no evident caps. The main caveats are the state‑level prohibition on renting Internal Accessory Dwelling Units (IADUs) for under 30 days and the lack of disclosed fee levels, which add modest cost and risk but are not prohibitive.
Local STR Agent
STR specialist · Nephi, UT
About Nephi
Nephi ( NEE-fy) is a city in Juab County, Utah, United States. It is part of the Provo–Orem metropolitan area. The population was 6,443 at the 2020 census. It is the county seat of Juab County. It was settled by Mormon pioneers in 1851 as Salt Creek, and it acquired its current name in 1882. It is the principal city in the Juab Valley, an agricultural area. Nephi was named after Nephi, son of Lehi, from the Book of Mormon.