Performance indicators for the Provo short-term rental market based on reliable data.
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The highest-performing listings in Provo.
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Challenging to Investors
STRs are technically legal in Provo but severely constrained by strict zone limitations (prohibited in residential/agricultural areas, limited to 8 specific non-residential zones) and a 10% cap on multifamily units. The $125 licensing fee and business registration requirements are moderate, but the narrow zone availability and inflexible caps create significant barriers for investors.
Local STR Agent
STR specialist · Provo, UT
Provo, Utah, is a vibrant city nestled in the Utah Valley and serves as the county seat of Utah County. With a population of approximately 115,000 people, Provo is part of the Provo-Orem metropolitan area and lies roughly 43 miles south of Salt Lake City, the closest major city. Provo is noted for its picturesque mountain scenery, diverse cultural landmarks, and as a hub for educational and entrepreneurial endeavors.
One of the most attractive aspects of Provo for short-term rentals is its proximity to Brigham Young University (BYU), a prominent private university that draws visitors for educational purposes, sports events, and conferences. The BYU campus also hosts the Monte L. Bean Life Science Museum, a popular educational destination. Monte L. Bean Life Science Museum.
Another important landmark is Provo's vibrant downtown area, known for its dining, shopping, and arts scenes, including the Covey Center for the Arts which offers a range of performances and exhibitions. Covey Center for the Arts.
Natural attractions also add to the city's appeal, with the Provo River providing opportunities for fishing, tubing, and kayaking, and nearby Provo Canyon offering hiking and scenic views, including Bridal Veil Falls, a stunning 607-foot waterfall. Bridal Veil Falls.
Provo is also known for its tech industry, part of the Silicon Slopes area which attracts business travelers and professionals. The city’s array of annual events, such as the Freedom Festival around the Fourth of July, further draw numerous visitors.
Overall, Provo, with its combination of educational, cultural, and natural resources, along with its proximity to Salt Lake City, makes it a compelling location for short-term rentals.
