Market Leaders
Lehi
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Market Leaders
Lehi
Owner Ratings
4
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VERIFIED
Lehi, Utah is a rapidly growing city located in the heart of the Silicon Slopes region, home to many major tech companies like Adobe, Oracle, and IM Flash. With its proximity to outdoor recreation, entertainment, and employment hubs, Lehi has become an increasingly popular destination for short-term vacation rentals. The city's population has grown by over 50% in the last decade, and its thriving economy and family-friendly amenities make it an attractive option for both leisure and business travelers.
According to data from vacation rental platforms like Airbnb and VRBO, Lehi's short-term rental market has seen strong performance in recent years. The average daily rate (ADR) for Lehi vacation rentals is $200, with occupancy rates averaging around 70%. Top-performing Lehi vacation rental properties on Airbnb can earn over $100,000 in annual revenue.
The Lehi market also shows promising growth potential, with a 25% year-over-year increase in the number of active vacation rental listings. This indicates rising demand from both travelers and property owners looking to capitalize on the city's thriving tourism industry.
When it comes to Lehi's vacation rental performance on VRBO, the average rental earns $2,500 per month, with the top 20% of properties generating over $4,000 in monthly revenue. Occupancy rates on VRBO average 65%, demonstrating the strong appeal of Lehi as a vacation destination.
(For more detailed market overview information, please see the Market Overview section.)
The Lehi property management market is highly competitive, with a mix of local and regional companies vying for a share of the growing short-term rental market. According to our research, the top five property management companies in Lehi are:
These companies offer a range of services, including tenant screening, maintenance, financial management, and marketing, to help Lehi property owners maximize the returns on their vacation rental investments.
Vision Real Estate is a leading property management company in the Lehi area, with a strong focus on short-term vacation rentals. They offer a full suite of services, including 24/7 online account access, regular property inspections, and discounted rates with vendors. Vision Real Estate has a strong presence in the local market, with a team of licensed property managers who specialize in the Lehi area.
Awning is a regional property management company that has expanded into the Lehi market, leveraging its expertise in vacation rental management. Awning's data-driven approach and focus on optimizing rental rates have made it a popular choice for Lehi property owners.
Nest Well Property Management is a local Lehi-based company that has built a reputation for its personalized service and attention to detail. They offer a range of property management services, including tenant screening, maintenance, and financial reporting.
Utah Property Solutions is another local Lehi property management firm that has carved out a niche in the short-term rental market. They pride themselves on their responsiveness and ability to maximize the returns for their clients' vacation rental properties.
Wolf Nest is a newer player in the Lehi property management scene, but they have quickly gained traction with their innovative approach to vacation rental management. They leverage technology and data analytics to help their clients optimize their rental performance.
