Springville, UT

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

29 / 68

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$28,380

Middle-Earners Revenue

Occupancy

69%

Middle-Earners Occupancy

Home Value

$505,196

Median Home Sale Price

Top Earners

$43,600

Top-Earners Revenue

Springville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Springville.

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C

Challenging to Investors

Springville Regulations

STRs are permitted in residential zones but require both an annual business license and a Short‑Term Rental Use Permit, plus owner occupancy (≥183 days) and a detailed application (site/parking plans, proof of residence, local contact). A strict annual cap (one STR per ~500 residents) with spacing/distribution rules, a 182‑night per year limit, one‑night vacancy, and a 14‑guest limit increase operational constraints and uncertainty around pending revisions, making compliance moderately burdensome and investor risk higher than “friendly.”

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About Springville

Springville is a city in Utah County, Utah, United States, that is part of the Provo–Orem metropolitan area. The population was 35,268 in 2020, according to the United States Census. Springville is a bedroom community for commuters who work in the Provo-Orem and Salt Lake City metropolitan areas. Other neighboring cities include Spanish Fork and Mapleton. Springville has the nickname of "Art City" or "Hobble Creek".

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