Garden City, UT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

512 / 844

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$31,308

Middle-Earners Revenue

Occupancy

42%

Middle-Earners Occupancy

Home Value

$624,739

Median Home Sale Price

Top Earners

$72,431

Top-Earners Revenue

Garden City

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Garden City.

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C

Challenging to Investors

Garden City Regulations

Garden City explicitly allows STRs with licensing, but the one-license-per-dwelling cap, narrow Jan–Apr application window, mandatory building/fire inspections, HOA pre-approval, and high license fees ($960–$1,200) plus layered taxes (11–15%) create a significant compliance burden and limit portfolio scalability, making investor onboarding challenging.

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About Garden City

Garden City, Utah, is a small resort town situated on the shores of Bear Lake, which is often referred to as the "Caribbean of the Rockies" due to its strikingly clear turquoise water. The town is in Rich County and has a modest population of around 600 residents. It is located approximately 120 miles northeast of Salt Lake City, the closest major city, which makes it a relatively convenient getaway destination for urban dwellers seeking natural beauty and recreation.

Garden City is a popular destination for short-term rentals due to its plethora of outdoor activities and scenic landmarks. Bear Lake is the main attraction, offering a variety of water sports including boating, fishing, and swimming. The Bear Lake State Park (https://stateparks.utah.gov/parks/bear-lake/)) is a prime spot for visitors and provides excellent facilities for camping and picnicking.

The town is also close to the Bear Lake National Wildlife Refuge (https://www.fws.gov/refuge/bear-lake/),,) which is located just across the border in Idaho and offers bird-watching and wildlife-viewing opportunities. Additionally, the area is known for its winter sports, with Beaver Mountain Ski Resort (http://www.skithebeav.com/)) located about 25 miles away, providing skiing and snowboarding options during the colder months.

Garden City’s picturesque setting, combined with its diverse range of recreational activities, makes it an appealing option for short-term rentals. It serves as an excellent base for both relaxation and adventure, accommodating the needs of various types of travelers.

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