Performance indicators for the Nephi short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Nephi.
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Generally Investor friendly
Short‑term rentals under 30 days are explicitly allowed citywide under Ordinance 11‑05‑2024 with a straightforward licensing pathway and standard safety inspections. Compliance is moderate (annual license, inspections, TRT/sales tax registration), and the tone appears supportive with no evident caps. The main caveats are the state‑level prohibition on renting Internal Accessory Dwelling Units (IADUs) for under 30 days and the lack of disclosed fee levels, which add modest cost and risk but are not prohibitive.
Local STR Agent
STR specialist · Nephi, UT
Nephi ( NEE-fy) is a city in Juab County, Utah, United States. It is part of the Provo–Orem metropolitan area. The population was 6,443 at the 2020 census. It is the county seat of Juab County. It was settled by Mormon pioneers in 1851 as Salt Creek, and it acquired its current name in 1882. It is the principal city in the Juab Valley, an agricultural area. Nephi was named after Nephi, son of Lehi, from the Book of Mormon.