Richfield, UT

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

37 / 58

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$20,191

Middle-Earners Revenue

Occupancy

48%

Middle-Earners Occupancy

Home Value

$335,783

Median Home Sale Price

Top Earners

$34,052

Top-Earners Revenue

Richfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Richfield.

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B

Generally Investor friendly

Richfield Regulations

STRs are clearly permitted with a transparent, step-by-step process; moderate requirements include a business license, fire/building inspections, local lodging tax registration, and a local manager. The 5-day minimum and single-family-only limit reduce demand/operational flexibility but are manageable and not cost-prohibitive, and there are no stated caps or punitive enforcement stances.

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About Richfield

Richfield is a small city in central Utah, serving as the seat of Sevier County and the largest community in the surrounding rural stretch of the Interstate 70 corridor. With a population of roughly 7,500 residents, it has the feel of a traditional agricultural and service hub, surrounded by farmland, red-rock foothills, and high desert vistas. The city is best known as a convenient stopover and gateway for travelers exploring southern Utah's most iconic landscapes, offering a more affordable and quieter alternative to staying directly inside the nearby national parks. It sits about 150 miles south of Salt Lake City, with the drive north typically taking just over two hours along the I-15 and I-70 interchange at Cove Fort.

One of the most significant nearby draws is Capitol Reef National Park, a sprawling preserve of sandstone cliffs, white domes, and the historic Fruita pioneer orchard. Visitors come to hike through slot canyons like Capitol Gorge, drive the scenic Capitol Reef Scenic Byway, and pick fruit in season. The park's visitor center is roughly 90 minutes east of Richfield, making the city a comfortable base for those who want to pair quiet evenings with day trips into the park. Capitol Reef National Park

Further south, Bryce Canyon National Park offers a completely different landscape, famous for its otherworldly hoodoos and amphitheaters of pink and orange rock. Hiking trails rim the canyon and descend among the spires, and the higher elevation means cooler summer temperatures and snowy winter scenery. From Richfield, the drive to Bryce Canyon's visitor center is approximately two hours and fifteen minutes, often combined with stops at scenic overlooks along the way. Bryce Canyon National Park

Closer to home, Fishlake National Forest surrounds the area with high-elevation pine and aspen forests, providing opportunities for camping, fishing, hiking, and wildlife viewing. The forest is named for the largest natural mountain lake in the western United States, Fish Lake, which sits at about 8,800 feet and is popular for rainbow trout fishing and summer cabins. The forest's northern sections are within an hour's drive of Richfield, while Fish Lake itself is roughly 90 minutes to the southeast. Fishlake National Forest

For travelers looking to extend their reach, the Grand Staircase–Escalante National Monument begins a short distance south of the city and contains some of the most remote backcountry in the lower 48, with slot canyons, waterfalls like Calf Creek Falls, and a long, winding scenic byway. The monument's northern sections, including the Cannonville area, can be reached in roughly two hours by car. Grand Staircase–Escalante National Monument

Richfield is a compelling base for short-term rentals because of its central position in one of the most park-dense regions of the country. Guests enjoy the comfort and affordability of a small town, with access to world-class hiking, scenic drives, and stargazing all within a half-day's reach. The combination of mild in-town amenities and dramatic natural surroundings makes it a practical home base for road-trippers, national park hoppers, and outdoor adventurers passing through southern Utah.

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