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

171 / 316

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$28,450

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$211,903

Median Home Sale Price

Top Earners

$65,761

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, Utah, is a small city located in Garfield County with a population of approximately 1,500 residents. Situated in southwestern Utah, it lies roughly 200 miles south of Salt Lake City, the closest major city. The city is renowned for its historical significance, outdoor recreational opportunities, and scenic beauty, making it an attractive destination for short-term rentals.

Panguitch serves as a gateway to several nearby national parks and monuments. Bryce Canyon National Park, famous for its unique red rock formations called hoodoos, is located about 25 miles to the south and is a major draw for tourists (https://www.nps.gov/brca/index.htm)..) Another significant attraction is the Grand Staircase-Escalante National Monument, offering expansive landscapes and diverse ecosystems (https://www.blm.gov/programs/national-conservation-lands/utah/grand-staircase-escalante-national-monument)..)

The city's historical downtown area features buildings from the late 19th century, adding to its charm and appeal. The Panguitch Quilt Walk Festival, commemorating the pioneering spirit of the early settlers with historical reenactments and quilt displays, also brings in visitors annually.

For outdoor enthusiasts, Panguitch Lake provides opportunities for fishing, boating, and other water activities, making it a popular spot during the warmer months (https://www.utah.com/destinations/resorts/panguitch-lake)..) Additionally, the nearby Dixie National Forest offers a multitude of trails suitable for hiking, biking, and ATV riding (https://www.fs.usda.gov/dixie)..)

Overall, Panguitch's proximity to major natural attractions and its quaint, historical character make it an appealing location for short-term rental properties.

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