Panguitch, UT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

170 / 327

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$29,198

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$209,522

Median Home Sale Price

Top Earners

$64,981

Top-Earners Revenue

Panguitch

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Panguitch.

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C

Challenging to Investors

Panguitch Regulations

STRs are allowed but constrained: the 30-license cap and waiting list in residential/agricultural zones sharply limit supply, and obtaining approvals (inspection, conditional use permit in residential/agricultural zones, business license, tax registration) plus strict fines and revocation for violations create a burdensome, riskier investment environment.

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About Panguitch

Panguitch is a small, historic town in southern Utah that serves as the county seat of Garfield County. With a population of roughly 1,700, it sits at an elevation of about 6,600 feet along scenic U.S. Route 89, offering a quiet, high-desert character shaped by its pioneer Mormon heritage. The town is best known as a gateway to some of southern Utah's most iconic landscapes, including Bryce Canyon National Park, and as a favored stop for travelers exploring the Grand Staircase region. It lies approximately 250 miles south of Salt Lake City (about a four- to five-hour drive) and roughly 170 miles northeast of Las Vegas, placing it within a comfortable day's reach of two major metropolitan areas while still feeling like a world apart.

Just east of Panguitch lies Bryce Canyon National Park, one of the most distinctive national parks in the country, famous for its thousands of crimson-tinged sandstone spires known as hoodoos. The park's rim overlooks, including the famous Bryce Amphitheater and points such as Sunrise, Sunset, Inspiration, and Rainbow Points, are roughly a 25-mile drive from town, typically around 30 to 40 minutes. Visitors can spend days hiking among the surreal rock formations, stargazing under famously dark skies, or simply taking in the canyon views from scenic drives.

A short drive west of town brings travelers into Red Canyon, part of the Dixie National Forest, where the highway passes through a series of natural sandstone arches and vivid pink cliffs. The area offers quick hiking trails, a small visitor center, and an easy introduction to the geology that defines the broader region. It's only about a 10- to 15-minute drive from the center of Panguitch and is a favorite stop for those heading to or from Bryce.

For travelers willing to venture a bit farther, Cedar Breaks National Monument offers a similar hoodoo-filled amphitheater at a higher elevation, with cooler temperatures and far smaller crowds. Located roughly 50 miles southwest of Panguitch (about an hour's drive), it is a popular summer alternative to Bryce and rewards visitors with sweeping vistas, wildflower meadows in season, and a short but scenic rim road. Closer to town, Panguitch Lake and the surrounding Dixie National Forest offer fishing, camping, and a quieter outdoor experience, sitting about 17 miles southwest of the city limits.

Panguitch's appeal as a short-term-rental base comes from this rare combination: a small, walkable pioneer town with a strong sense of place, year-round access to multiple national-park-caliber destinations, and a location that draws visitors in every season, from summer hikers and fall photographers to winter snow enthusiasts. Its limited lodging supply and proximity to several of Utah's marquee parks create consistent demand, while its quiet streets and scenic surroundings give guests a comfortable, authentic base from which to explore one of the most visually dramatic regions in the American West.

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