Orem, Utah Short-Term Rental Market Overview
Visitor Profile
Orem, Utah, is an emerging destination in the heart of Utah County, attracting approximately 1.2 million visitors annually. The city boasts a diverse demographic profile, with a significant portion of visitors aged between 25 and 44 years. Families and outdoor enthusiasts are primary segments, drawn by the area’s stunning natural landscapes and recreational opportunities. The economic impact of tourism in Orem is notable, contributing millions to the local economy through spending on accommodations, dining, and attractions. This influx of visitors supports local businesses and creates jobs, further enhancing the community’s economic vitality.
Key visitor statistics reveal that Orem’s tourism market is characterized by a blend of leisure and business travelers. The average length of stay for visitors is around three nights, with peak seasons occurring during the summer months, particularly from June to August. Visitors are often attracted to the area’s outdoor activities, including hiking in the nearby Wasatch Mountains and enjoying local parks. Additionally, cultural events and festivals throughout the year draw significant crowds. According to the Utah Office of Tourism, the state’s tourism sector generated over $9 billion in 2022, with Orem playing a vital role in this growth. The city’s strategic location near Provo and Salt Lake City enhances its appeal, making it a convenient stop for travelers exploring the region. For more detailed insights, the official tourism site provides comprehensive data on Orem tourism statistics and visitor demographics at https://utah.com. Understanding these dynamics is crucial for STR operators looking to capitalize on the growing tourism market in Orem.
Orem, Utah, is an emerging destination in the heart of Utah County, attracting approximately 1.2 million visitors annually. The city boasts a diverse demographic profile, with a significant portion of visitors aged between 25 and 44 years. Families and outdoor enthusiasts are primary segments, drawn by the area’s stunning natural landscapes and recreational opportunities. The economic impact of tourism in Orem is notable, contributing millions to the local economy through spending on accommodations, dining, and attractions. This influx of visitors supports local businesses and creates jobs, further enhancing the community’s economic vitality.
Key visitor statistics reveal that Orem’s tourism market is characterized by a blend of leisure and business travelers. The average length of stay for visitors is around three nights, with peak seasons occurring during the summer months, particularly from June to August. Visitors are often attracted to the area’s outdoor activities, including hiking in the nearby Wasatch Mountains and enjoying local parks. Additionally, cultural events and festivals throughout the year draw significant crowds. According to the Utah Office of Tourism, the state’s tourism sector generated over $9 billion in 2022, with Orem playing a vital role in this growth. The city’s strategic location near Provo and Salt Lake City enhances its appeal, making it a convenient stop for travelers exploring the region. For more detailed insights, the official tourism site provides comprehensive data on Orem tourism statistics and visitor demographics at https://utah.com. Understanding these dynamics is crucial for STR operators looking to capitalize on the growing tourism market in Orem.
Top Attractions
Orem, Utah, is a vibrant city nestled in the heart of Utah Valley, offering a delightful mix of outdoor adventures, cultural experiences, and family-friendly activities. Known for its stunning mountain views and proximity to the beautiful Utah Lake, Orem is a perfect destination for those seeking a variety of attractions. Visitors can explore the expansive Orem City Center Park, enjoy the interactive exhibits at the Utah Valley University Museum of Art, or take a leisurely stroll through the scenic trails at the nearby Provo Canyon. With so much to see and do, Orem is an ideal spot for both residents and travelers looking for memorable experiences.
One of the top attractions in Orem is the Orem Owlz Baseball Stadium, home to the local minor league baseball team. This family-friendly venue offers an exciting atmosphere for sports enthusiasts and casual fans alike. Enjoy a game while savoring classic ballpark snacks. For art lovers, the Utah Valley University Museum of Art showcases a diverse collection of contemporary and historical works, making it a must-visit for anyone interested in the local art scene. The museum’s official website provides information on current exhibitions and educational programs. Nature enthusiasts will appreciate the Orem City Center Park, a beautifully landscaped area featuring walking paths, playgrounds, and picnic spots. This park is perfect for a relaxing day outdoors. Lastly, the nearby Provo Canyon offers breathtaking views and hiking trails for those looking to immerse themselves in Utah’s natural beauty. For more information about attractions in Orem, visit the official Orem city website. With such a variety of Orem attractions, there is something for everyone to enjoy year-round.
Orem, Utah, is a vibrant city nestled in the heart of Utah Valley, offering a delightful mix of outdoor adventures, cultural experiences, and family-friendly activities. Known for its stunning mountain views and proximity to the beautiful Utah Lake, Orem is a perfect destination for those seeking a variety of attractions. Visitors can explore the expansive Orem City Center Park, enjoy the interactive exhibits at the Utah Valley University Museum of Art, or take a leisurely stroll through the scenic trails at the nearby Provo Canyon. With so much to see and do, Orem is an ideal spot for both residents and travelers looking for memorable experiences.
One of the top attractions in Orem is the Orem Owlz Baseball Stadium, home to the local minor league baseball team. This family-friendly venue offers an exciting atmosphere for sports enthusiasts and casual fans alike. Enjoy a game while savoring classic ballpark snacks. For art lovers, the Utah Valley University Museum of Art showcases a diverse collection of contemporary and historical works, making it a must-visit for anyone interested in the local art scene. The museum’s official website provides information on current exhibitions and educational programs. Nature enthusiasts will appreciate the Orem City Center Park, a beautifully landscaped area featuring walking paths, playgrounds, and picnic spots. This park is perfect for a relaxing day outdoors. Lastly, the nearby Provo Canyon offers breathtaking views and hiking trails for those looking to immerse themselves in Utah’s natural beauty. For more information about attractions in Orem, visit the official Orem city website. With such a variety of Orem attractions, there is something for everyone to enjoy year-round.
Regulations
Orem short-term rental regulations are currently in a state of transition as the city works to establish a formal policy. As of early 2026, short-term rentals are not allowed based on Orem city code 22-19-1, which prohibits transient lodging in the city. However, this is evolving. Following the approval of H.B. 256 in 2025, which gave cities greater authority to regulate short-term rentals, Orem is working to codify a formal policy that will give residents clearer guidance going forward. Property owners interested in operating short-term rentals should stay informed about upcoming policy decisions. For those who may be able to operate in the future, understanding potential licensing requirements, tax obligations, and zoning restrictions will be essential. The city council is expected to make a decision on a comprehensive STR policy in early 2026, which will determine the framework for compliance and operation.
Key requirements that may be established for short-term rentals in Orem include obtaining a short-term rental certificate, which would involve submitting specific documentation and paying applicable fees. Property owners would likely be responsible for collecting and remitting a transient room tax, potentially set at 1.5%, which would be due quarterly. Zoning regulations may restrict short-term rentals to certain residential zones to ensure they do not disrupt neighborhood character. Safety requirements, such as smoke detectors and fire extinguishers, would need to be met to ensure guest safety. Until the new policy is finalized, property owners should refrain from operating short-term rentals in Orem. For the most current information on the evolving regulations, visit the City of Orem’s official website at https://www.orem.org and review updates to the municipal code at https://library.municode.com/ut/orem/codes/code_of_ordinances. Property owners are encouraged to attend city council meetings and monitor official announcements regarding the forthcoming short-term rental policy.
Orem short-term rental regulations are currently in a state of transition as the city works to establish a formal policy. As of early 2026, short-term rentals are not allowed based on Orem city code 22-19-1, which prohibits transient lodging in the city. However, this is evolving. Following the approval of H.B. 256 in 2025, which gave cities greater authority to regulate short-term rentals, Orem is working to codify a formal policy that will give residents clearer guidance going forward. Property owners interested in operating short-term rentals should stay informed about upcoming policy decisions. For those who may be able to operate in the future, understanding potential licensing requirements, tax obligations, and zoning restrictions will be essential. The city council is expected to make a decision on a comprehensive STR policy in early 2026, which will determine the framework for compliance and operation.
Key requirements that may be established for short-term rentals in Orem include obtaining a short-term rental certificate, which would involve submitting specific documentation and paying applicable fees. Property owners would likely be responsible for collecting and remitting a transient room tax, potentially set at 1.5%, which would be due quarterly. Zoning regulations may restrict short-term rentals to certain residential zones to ensure they do not disrupt neighborhood character. Safety requirements, such as smoke detectors and fire extinguishers, would need to be met to ensure guest safety. Until the new policy is finalized, property owners should refrain from operating short-term rentals in Orem. For the most current information on the evolving regulations, visit the City of Orem’s official website at https://www.orem.org and review updates to the municipal code at https://library.municode.com/ut/orem/codes/code_of_ordinances. Property owners are encouraged to attend city council meetings and monitor official announcements regarding the forthcoming short-term rental policy.
Frequently Asked Questions
What are the short-term rental regulations in Orem, Utah?
Do I need a permit to operate a short-term rental in Orem, Utah?
Are there occupancy taxes for vacation rentals in Orem, Utah?
Vacation Rental Market Overview for Orem
Orem attracts visitors with its family-friendly attractions and adventure sports and activities. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Orem, Utah Market Performance Trends
| Month | Average Daily Rate (USD) | Occupancy Rate (%) | Average Monthly Revenue (USD) |
|---|---|---|---|
| Jul 24 | $154.50 | 81.8% | $2,476 |
| Aug 24 | $150.54 | 76.2% | $2,300 |
| Sep 24 | $143.00 | 62.1% | $1,900 |
| Oct 24 | $152.43 | 58.1% | $1,997 |
| Nov 24 | $168.08 | 54.7% | $1,832 |
| Dec 24 | $156.10 | 52.2% | $2,001 |
| Jan 25 | $162.50 | 51.7% | $1,540 |
| Feb 25 | $152.27 | 60.7% | $1,854 |
| Mar 25 | $157.65 | 63.3% | $2,268 |
| Apr 25 | $160.95 | 63.6% | $2,145 |
| May 25 | $154.85 | 65% | $2,116 |
| Jun 25 | $156.07 | 76.7% | $2,552 |
Short-Term Rental Market Performance Analysis for Orem
The short-term rental market in Orem demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: emerging growth market with increasing demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Orem, Utah Housing Market Data
Home Value Trends
| Quarter | Typical Home Value (USD) |
|---|---|
| Q2 17 | $279,769 |
| Q2 17 | $278,391 |
| Q3 17 | $277,603 |
| Q3 17 | $277,935 |
| Q4 17 | $283,290 |
| Q4 17 | $284,565 |
| Q1 18 | $290,746 |
| Q1 18 | $292,055 |
| Q2 18 | $298,308 |
| Q2 18 | $299,651 |
| Q3 18 | $306,820 |
| Q3 18 | $308,201 |
| Q4 18 | $313,438 |
| Q4 18 | $314,848 |
| Q1 19 | $321,163 |
| Q1 19 | $322,609 |
| Q2 19 | $326,174 |
| Q2 19 | $327,642 |
| Q3 19 | $329,812 |
| Q3 19 | $331,297 |
| Q4 19 | $335,876 |
| Q4 19 | $337,387 |
| Q1 20 | $343,776 |
| Q1 20 | $345,323 |
| Q2 20 | $348,881 |
| Q2 20 | $350,451 |
| Q3 20 | $357,392 |
| Q3 20 | $359,000 |
| Q4 20 | $378,226 |
| Q4 20 | $379,928 |
| Q1 21 | $402,934 |
| Q1 21 | $404,748 |
| Q2 21 | $433,416 |
| Q2 21 | $435,367 |
| Q3 21 | $451,503 |
| Q3 21 | $453,535 |
| Q4 21 | $461,305 |
| Q4 21 | $463,381 |
| Q1 22 | $492,736 |
| Q1 22 | $494,954 |
| Q2 22 | $522,590 |
| Q2 22 | $524,942 |
| Q3 22 | $511,112 |
| Q3 22 | $513,413 |
| Q4 22 | $493,053 |
| Q4 22 | $495,272 |
| Q1 23 | $484,459 |
| Q1 23 | $486,640 |
| Q2 23 | $482,458 |
| Q2 23 | $484,629 |
| Q3 23 | $488,598 |
| Q3 23 | $490,796 |
| Q4 23 | $493,151 |
| Q4 23 | $495,370 |
| Q1 24 | $493,642 |
| Q1 24 | $495,863 |
| Q2 24 | $493,107 |
| Q2 24 | $495,326 |
| Q3 24 | $491,150 |
| Q3 24 | $493,360 |
| Q4 24 | $498,419 |
| Q4 24 | $500,662 |
| Q1 25 | $501,526 |
| Q1 25 | $503,783 |
| Q2 25 | $499,857 |
| Q2 25 | $502,106 |
| Q3 25 | $506,060 |
| Q3 25 | $508,338 |
| Q4 25 | $518,693 |
Market Overview
- Typical Home Value:$501,561
- Median Sale Price:$473,701
- Median List Price:$513,098
Current Inventory
- Homes For Sale:162
- New Listings:44
Detailed Market Analysis
Real Estate Market Analysis for Orem, Utah
The residential real estate market in Orem, Utah presents unique opportunities for investors and homebuyers alike. Current market dynamics show steady growth patterns in an established market with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: market stability, reasonable property taxes, and strong rental demand These factors contribute to the overall market performance and future growth potential.
Real estate investments in Orem, Utah benefit from balanced supply-demand dynamics and reasonable price points. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Orem, Utah Rental Market Insights
10-Year Market Growth
| Quarter | Number of Listings |
|---|---|
| Q3 16 | 72 |
| Q4 16 | 72 |
| Q1 17 | 86 |
| Q2 17 | 121 |
| Q3 17 | 151 |
| Q4 17 | 164 |
| Q1 18 | 196 |
| Q2 18 | 234 |
| Q3 18 | 252 |
| Q4 18 | 261 |
| Q1 19 | 267 |
| Q2 19 | 288 |
| Q3 19 | 301 |
| Q4 19 | 297 |
| Q1 20 | 320 |
| Q2 20 | 298 |
| Q3 20 | 282 |
| Q4 20 | 258 |
| Q1 21 | 265 |
| Q2 21 | 289 |
| Q3 21 | 321 |
| Q4 21 | 321 |
| Q1 22 | 347 |
| Q2 22 | 446 |
| Q3 22 | 467 |
| Q4 22 | 426 |
| Q1 23 | 438 |
| Q2 23 | 451 |
| Q3 23 | 451 |
| Q4 23 | 480 |
| Q1 24 | 466 |
| Q2 24 | 460 |
| Q3 24 | 464 |
| Q4 24 | 454 |
| Q1 25 | 432 |
| Q2 25 | 432 |
Booking Activity
- 1-3 Months:59.9% Booked
- 4-6 Months:60.3% Booked
- 7-9 Months:46% Booked
- 10-12 Months:11.5% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Orem
Orem vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Orem, Utah Rental Market Composition
Entire Place by Beds
| Bedroom Configuration | Number of Properties |
|---|---|
| Studio | 3 |
| 1 Bed | 52 |
| 2 Beds | 88 |
| 3 Beds | 56 |
| 4 Beds | 50 |
| 5+ Beds | 73 |
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Orem
The vacation rental market in Orem features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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