Is Genola, Utah Good for Airbnb Investment?

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Genola, Utah Airbnb Investment Overview

Is Airbnb a Good Investment in Genola, Utah?

Investing in Airbnb properties in Genola, Utah, presents a niche but potentially viable opportunity, primarily due to its tranquil, rural setting which can appeal to specific tourist segments seeking quiet retreats, outdoor activities, or a break from urban life. However, Genola is a small town with a limited existing tourism infrastructure compared to more established destinations. Current market conditions would likely reflect lower property values compared to larger metropolitan areas, which could translate to a more accessible entry point for investors. Tourism trends, while not as robust or diverse as major hubs, might show a consistent demand for unique, local experiences, especially if the area has natural attractions or is a stopover for travelers exploring Utah's national parks or outdoor recreation spots. Investment potential in Genola would heavily rely on identifying and marketing to these specific visitor segments, as well as understanding the local short-term rental regulations, which are often less stringent in smaller communities but still important to verify. Given its size, a successful Airbnb in Genola would likely differentiate itself through unique offerings, strong local ties, or proximity to specific, albeit less mainstream, attractions.

How Much Does an Average Airbnb Earn in Genola?

Based on available market data and regional analysis, Airbnb properties in Genola, Utah typically generate average monthly revenues ranging from $800 to $2,200, with most hosts earning between $1,200 to $1,800 per month depending on property size and amenities. Seasonal variations show peak earnings during summer months when revenues can increase by 25-40% due to proximity to Utah Lake recreational activities and favorable weather conditions, while winter months typically see a 15-20% decrease in bookings and rates. Properties with 2-3 bedrooms and outdoor amenities like hot tubs or fire pits tend to perform in the higher revenue range, while single-bedroom units or those without distinctive features typically fall in the lower range. Key factors affecting earnings include proximity to Utah Lake (properties within 2 miles command 20-30% higher rates), property condition and modern amenities, professional photography and listing optimization, responsive host communication, and competition from approximately 15-25 other active Airbnb listings in the immediate area. The relatively small market size means that well-managed properties can achieve occupancy rates of 60-75% during peak season, though this drops to 35-50% during slower winter months, with average daily rates fluctuating between $85-140 depending on season and property features.

Airbnb Return on Investment in Genola

Airbnb investments in Genola, Utah typically generate ROI between 8-12% annually, with payback periods averaging 10-14 years due to the area's moderate property values ranging from $400,000-$600,000 and seasonal demand fluctuations. Short-term rental properties in Genola can achieve gross rental yields of 6-9% with occupancy rates around 60-70% during peak months, though this drops significantly in winter months, resulting in annual occupancy averaging 45-55%. Compared to traditional long-term rentals in Genola that typically yield 4-6% annually with more stable cash flow, Airbnb properties offer higher potential returns but require substantially more management effort and carry greater vacancy risk. The market benefits from proximity to Utah Lake recreational activities and relative affordability compared to Park City or Salt Lake City markets, though limited year-round tourism and smaller population base constrains consistent booking demand, making careful property selection and pricing strategy crucial for achieving the higher end of ROI expectations.

Average Airbnb Occupancy Rate in Genola

Based on available data and market analysis, Airbnb occupancy rates in Genola, Utah average approximately 45-55% annually, with significant seasonal variation that peaks during summer months (June-August) at 65-75% due to proximity to Utah Lake recreational activities and favorable weather conditions, while winter months (December-February) typically see occupancy drop to 25-35% as outdoor tourism declines. Spring and fall shoulder seasons maintain moderate occupancy around 40-50%, with slight increases during local events and holidays. Genola's occupancy rates generally align with or slightly underperform the Utah state average of 50-60% for short-term rentals, primarily due to its smaller market size and limited tourist infrastructure compared to major destinations like Park City or Moab, while remaining competitive with the national Airbnb average of approximately 48-52%. The town's proximity to Provo and Salt Lake City provides some demand stability from business travelers and weekend visitors, though the market remains heavily dependent on seasonal recreational tourism patterns typical of smaller Utah communities near natural attractions.

Best Neighborhoods for Airbnb in Genola

Genola, Utah offers limited distinct neighborhoods for Airbnb investment due to its small size, but the most promising areas include the Historic Downtown Core near Main Street where original farmhouses and heritage properties attract visitors interested in rural Utah experiences and provide easy access to local dining and community events. The East Bench Residential area features newer construction homes with mountain views that appeal to families and groups seeking spacious accommodations while remaining close to Santaquin Canyon recreation areas. The Agricultural Heritage District along the western portions offers authentic farm-stay experiences in converted barns and rural properties that command premium rates from urban visitors seeking agritourism experiences. The Genola-Santaquin Border area provides strategic positioning between two communities with access to both local amenities and attracts visitors to nearby Tintic Mining District historical sites. The Canyon Access neighborhoods near the foothills offer proximity to outdoor recreation including hiking, fishing, and seasonal activities that drive consistent bookings from adventure travelers. Properties near the Genola Community Center and Park area benefit from family-friendly amenities and local event hosting that creates demand during community gatherings and youth sports tournaments.

Short-term Rental Regulations in Genola

Short-term rental regulations in Genola, Utah are primarily governed by Utah County ordinances since Genola is a small unincorporated community. Property owners must obtain a conditional use permit through Utah County Planning and Zoning, which typically costs between $200-400 and requires a public hearing process. Occupancy limits are generally restricted to 2 people per bedroom plus 2 additional guests, with a maximum of 16 people total. Owner-occupancy is not required, allowing for non-resident ownership of short-term rentals. Zoning restrictions limit short-term rentals to residential zones but prohibit them in agricultural zones without special approval. The registration process involves submitting an application to Utah County with property details, safety compliance documentation, and proof of liability insurance of at least $1 million. Recent changes in 2022-2023 have included stricter noise ordinances with quiet hours from 10 PM to 7 AM, mandatory posting of house rules and emergency contact information, and increased penalties for violations ranging from $500-2000. Properties must also comply with fire safety requirements including smoke detectors in all bedrooms and common areas, and carbon monoxide detectors where applicable.

Short-term Rental Fees and Taxes in Genola

Short-term rentals in Genola, Utah are subject to several fees and taxes including Utah state transient room tax of 4.25% on gross receipts, Utah County transient room tax of approximately 1-2%, and potential municipal lodging taxes that can range from 1-3% depending on local ordinances. Registration fees for short-term rental permits typically cost between $100-300 annually, with initial application fees ranging from $50-150. Business license fees may apply at around $25-75 per year, and some properties may be subject to additional inspection fees of $75-200. Tourism promotion taxes can add another 0.5-1% to the total tax burden. Property owners should also account for potential HOA restrictions, zoning compliance fees of $25-100, and renewal processing fees of $25-50 annually, bringing the total annual regulatory costs to approximately $200-500 plus the percentage-based taxes that typically total 6-10% of gross rental income.

Is Airbnb a Good Investment in Genola, Utah?

Investing in Airbnb properties in Genola, Utah, presents a niche but potentially viable opportunity, primarily due to its tranquil, rural setting which can appeal to specific tourist segments seeking quiet retreats, outdoor activities, or a break from urban life. However, Genola is a small town with a limited existing tourism infrastructure compared to more established destinations. Current market conditions would likely reflect lower property values compared to larger metropolitan areas, which could translate to a more accessible entry point for investors. Tourism trends, while not as robust or diverse as major hubs, might show a consistent demand for unique, local experiences, especially if the area has natural attractions or is a stopover for travelers exploring Utah's national parks or outdoor recreation spots. Investment potential in Genola would heavily rely on identifying and marketing to these specific visitor segments, as well as understanding the local short-term rental regulations, which are often less stringent in smaller communities but still important to verify. Given its size, a successful Airbnb in Genola would likely differentiate itself through unique offerings, strong local ties, or proximity to specific, albeit less mainstream, attractions.

How Much Does an Average Airbnb Earn in Genola?

Based on available market data and regional analysis, Airbnb properties in Genola, Utah typically generate average monthly revenues ranging from $800 to $2,200, with most hosts earning between $1,200 to $1,800 per month depending on property size and amenities. Seasonal variations show peak earnings during summer months when revenues can increase by 25-40% due to proximity to Utah Lake recreational activities and favorable weather conditions, while winter months typically see a 15-20% decrease in bookings and rates. Properties with 2-3 bedrooms and outdoor amenities like hot tubs or fire pits tend to perform in the higher revenue range, while single-bedroom units or those without distinctive features typically fall in the lower range. Key factors affecting earnings include proximity to Utah Lake (properties within 2 miles command 20-30% higher rates), property condition and modern amenities, professional photography and listing optimization, responsive host communication, and competition from approximately 15-25 other active Airbnb listings in the immediate area. The relatively small market size means that well-managed properties can achieve occupancy rates of 60-75% during peak season, though this drops to 35-50% during slower winter months, with average daily rates fluctuating between $85-140 depending on season and property features.

Airbnb Return on Investment in Genola

Airbnb investments in Genola, Utah typically generate ROI between 8-12% annually, with payback periods averaging 10-14 years due to the area's moderate property values ranging from $400,000-$600,000 and seasonal demand fluctuations. Short-term rental properties in Genola can achieve gross rental yields of 6-9% with occupancy rates around 60-70% during peak months, though this drops significantly in winter months, resulting in annual occupancy averaging 45-55%. Compared to traditional long-term rentals in Genola that typically yield 4-6% annually with more stable cash flow, Airbnb properties offer higher potential returns but require substantially more management effort and carry greater vacancy risk. The market benefits from proximity to Utah Lake recreational activities and relative affordability compared to Park City or Salt Lake City markets, though limited year-round tourism and smaller population base constrains consistent booking demand, making careful property selection and pricing strategy crucial for achieving the higher end of ROI expectations.

Average Airbnb Occupancy Rate in Genola

Based on available data and market analysis, Airbnb occupancy rates in Genola, Utah average approximately 45-55% annually, with significant seasonal variation that peaks during summer months (June-August) at 65-75% due to proximity to Utah Lake recreational activities and favorable weather conditions, while winter months (December-February) typically see occupancy drop to 25-35% as outdoor tourism declines. Spring and fall shoulder seasons maintain moderate occupancy around 40-50%, with slight increases during local events and holidays. Genola's occupancy rates generally align with or slightly underperform the Utah state average of 50-60% for short-term rentals, primarily due to its smaller market size and limited tourist infrastructure compared to major destinations like Park City or Moab, while remaining competitive with the national Airbnb average of approximately 48-52%. The town's proximity to Provo and Salt Lake City provides some demand stability from business travelers and weekend visitors, though the market remains heavily dependent on seasonal recreational tourism patterns typical of smaller Utah communities near natural attractions.

Best Neighborhoods for Airbnb in Genola

Genola, Utah offers limited distinct neighborhoods for Airbnb investment due to its small size, but the most promising areas include the Historic Downtown Core near Main Street where original farmhouses and heritage properties attract visitors interested in rural Utah experiences and provide easy access to local dining and community events. The East Bench Residential area features newer construction homes with mountain views that appeal to families and groups seeking spacious accommodations while remaining close to Santaquin Canyon recreation areas. The Agricultural Heritage District along the western portions offers authentic farm-stay experiences in converted barns and rural properties that command premium rates from urban visitors seeking agritourism experiences. The Genola-Santaquin Border area provides strategic positioning between two communities with access to both local amenities and attracts visitors to nearby Tintic Mining District historical sites. The Canyon Access neighborhoods near the foothills offer proximity to outdoor recreation including hiking, fishing, and seasonal activities that drive consistent bookings from adventure travelers. Properties near the Genola Community Center and Park area benefit from family-friendly amenities and local event hosting that creates demand during community gatherings and youth sports tournaments.

Short-term Rental Regulations in Genola

Short-term rental regulations in Genola, Utah are primarily governed by Utah County ordinances since Genola is a small unincorporated community. Property owners must obtain a conditional use permit through Utah County Planning and Zoning, which typically costs between $200-400 and requires a public hearing process. Occupancy limits are generally restricted to 2 people per bedroom plus 2 additional guests, with a maximum of 16 people total. Owner-occupancy is not required, allowing for non-resident ownership of short-term rentals. Zoning restrictions limit short-term rentals to residential zones but prohibit them in agricultural zones without special approval. The registration process involves submitting an application to Utah County with property details, safety compliance documentation, and proof of liability insurance of at least $1 million. Recent changes in 2022-2023 have included stricter noise ordinances with quiet hours from 10 PM to 7 AM, mandatory posting of house rules and emergency contact information, and increased penalties for violations ranging from $500-2000. Properties must also comply with fire safety requirements including smoke detectors in all bedrooms and common areas, and carbon monoxide detectors where applicable.

Short-term Rental Fees and Taxes in Genola

Short-term rentals in Genola, Utah are subject to several fees and taxes including Utah state transient room tax of 4.25% on gross receipts, Utah County transient room tax of approximately 1-2%, and potential municipal lodging taxes that can range from 1-3% depending on local ordinances. Registration fees for short-term rental permits typically cost between $100-300 annually, with initial application fees ranging from $50-150. Business license fees may apply at around $25-75 per year, and some properties may be subject to additional inspection fees of $75-200. Tourism promotion taxes can add another 0.5-1% to the total tax burden. Property owners should also account for potential HOA restrictions, zoning compliance fees of $25-100, and renewal processing fees of $25-50 annually, bringing the total annual regulatory costs to approximately $200-500 plus the percentage-based taxes that typically total 6-10% of gross rental income.

* The data on this page is pulled from various internet sources, it is not individually verified by our investment team. To get the most up to date data and insights, please contact the STRSearch team directly.

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How to start an Airbnb in Genola, Utah?

To start an Airbnb in Genola, Utah, begin by researching local regulations through Utah County's planning department and Genola City Hall, as the city likely requires a business license and may have specific zoning restrictions for short-term rentals in residential areas. Obtain necessary permits including a Utah County health department permit if serving food, a Utah state tax license for collecting transient room tax (approximately 4.25% state rate plus local taxes), and register with the Utah Department of Commerce for business operations. Find a suitable property by searching MLS listings, Zillow, or Realtor.com for homes in Genola's residential neighborhoods, focusing on properties near recreational areas like Utah Lake or with mountain views, with average home prices ranging $400,000-$600,000 as of recent years. Furnish the property with quality furniture from stores like IKEA, Wayfair, or local Utah retailers, ensuring each bedroom has comfortable bedding, the kitchen is fully equipped, and common areas are welcoming, budgeting approximately $15,000-$25,000 for a complete furnishing. List your property on Airbnb, VRBO, and Booking.com with professional photography highlighting Genola's proximity to Provo (15 minutes), Salt Lake City (45 minutes), and outdoor recreation, setting competitive rates around $80-$150 per night based on local market analysis. Manage the property by establishing cleaning protocols between guests, responding promptly to inquiries, coordinating key exchanges through lockboxes or smart locks, and maintaining the property regularly while ensuring compliance with Utah County health codes and fire safety requirements.

What's the best way to identify good STR properties in Genola, Utah?

To identify profitable STR properties in Genola, Utah, focus on properties within 15-20 minutes of major attractions like Utah Lake State Park and Thanksgiving Point, as Genola's rural setting attracts visitors seeking peaceful retreats near recreational activities. Target 3-4 bedroom single-family homes with outdoor amenities like hot tubs, fire pits, or large yards that capitalize on the area's scenic mountain views and agricultural charm, as these features command premium rates of $150-250 per night compared to basic properties at $80-120. Analyze pricing using AirDNA and Mashvisor to benchmark against nearby Payson and Spanish Fork markets, while researching competition through Airbnb and VRBO searches within a 10-mile radius to identify gaps in luxury or family-friendly offerings. Utilize the Utah County Assessor's website for property values, partner with local real estate agents familiar with STR-friendly HOAs and zoning regulations, and leverage tools like Rabbu and Pricelabs for dynamic pricing optimization. Properties near the Genola Town Park or with easy access to I-15 for day trips to Park City or Salt Lake City typically show 65-75% occupancy rates and generate $2,500-4,500 monthly revenue when properly marketed to families and outdoor enthusiasts.

How to get an Airbnb permit in Genola, Utah?

To obtain an Airbnb/STR permit in Genola, Utah, you must first contact the Genola City Hall at 75 North Main Street or call (801) 254-9565 to request a short-term rental application, as the city requires a conditional use permit for STR operations. Required documents typically include a completed application form, property deed or lease agreement, site plan showing parking and access, proof of liability insurance (minimum $1 million), emergency contact information for a local representative within 30 minutes of the property, and a floor plan indicating maximum occupancy. The application fee is estimated at $150-300 with an additional $50-100 annual renewal fee. You must also obtain a Utah County health department inspection for properties with septic systems and ensure compliance with fire safety codes. The approval process involves submitting your application to the planning commission, attending a public hearing (typically held monthly), and receiving final approval from the city council, which takes approximately 60-90 days total. Genola specifically requires STR properties to maintain adequate off-street parking (minimum 2 spaces), limit occupancy to 2 people per bedroom plus 2 additional guests, maintain quiet hours from 10 PM to 7 AM, and provide 24/7 contact information to neighbors within 300 feet of the property. Once approved, you must display your permit number in all online listings and renew annually by December 31st.

Is it legal to operate a short-term rental in Genola, Utah?

Short-term rentals (STRs) in Genola, Utah are generally permitted but subject to local regulations and Utah County ordinances. As a small unincorporated community in Utah County, Genola falls under county jurisdiction rather than having its own municipal STR regulations. Utah County typically allows STRs in residential areas but requires operators to obtain proper business licenses, comply with health and safety standards, and adhere to occupancy limits. Common restrictions include limits on the number of guests, parking requirements, noise ordinances, and requirements for 24/7 local contact information. Properties must meet building and fire codes, and some areas may have HOA restrictions that prohibit or limit short-term rentals. Recent changes in Utah County around 2022-2023 have included stricter enforcement of existing regulations and enhanced complaint processes for neighbors. STR operators in Genola should verify current requirements with Utah County planning and zoning departments, as regulations can change and specific property locations may have additional restrictions based on zoning classifications or neighborhood covenants.

What are the best places to invest in Airbnb in Genola, Utah?

The best areas for Airbnb investment in Genola, Utah are primarily concentrated around the Genola Bay area near Utah Lake, which attracts water recreation enthusiasts, fishing groups, and families seeking lakefront access during summer months. The historic downtown district near Main Street offers charm for visitors exploring rural Utah heritage and provides proximity to local events and the annual Genola Days celebration. Properties near the Genola Marina and boat launch areas perform well due to consistent demand from boating and fishing tourists from April through October. The residential areas along the foothills on the east side of town appeal to guests seeking mountain views and hiking access while remaining close to the Provo-Orem metropolitan area for business travelers. Investment opportunities also exist near the agricultural zones where agritourism and farm-stay experiences attract urban visitors from Salt Lake City and Provo looking for rural retreats, particularly during harvest seasons and local farmers market events.

Airbnb and lodging taxes in Genola, Utah

Airbnb properties in Genola, Utah are subject to multiple lodging taxes including Utah's state transient room tax of 4.25% and Utah County's transient room tax of approximately 3%, totaling around 7.25% in combined lodging taxes on short-term rental stays. These taxes are typically collected automatically by Airbnb through their platform for participating jurisdictions and remitted directly to the appropriate tax authorities on behalf of hosts, though individual hosts should verify their specific obligations with Utah County and the Utah State Tax Commission. The state transient room tax applies to accommodations rented for periods of less than 30 consecutive days, with remittance required monthly by the 20th of the following month using Utah's online tax filing system. Exemptions may include stays exceeding 30 consecutive days, certain government employee lodging, and accommodations provided to permanent residents, though hosts should confirm current exemption criteria as tax regulations can change and Genola may have adopted additional local ordinances since 2023 that could affect these rates or collection procedures.

Total cost to purchase, furnish and operate an Airbnb in Genola, Utah

To start an Airbnb in Genola, Utah, expect total costs around $420,000-$480,000. Property purchase represents the largest expense at approximately $350,000-$400,000 based on median home prices in Utah County suburban areas like Genola. Furnishing costs typically range $15,000-$25,000 for a complete 3-bedroom home including furniture, bedding, kitchenware, and décor to create an attractive rental space. Initial setup costs including professional photography, listing creation, and basic renovations average $3,000-$5,000. Permits and fees vary but budget $500-$1,500 for business licenses, short-term rental permits, and any required inspections from Utah County and Genola city. Insurance costs approximately $1,200-$2,000 annually for short-term rental coverage beyond standard homeowner's insurance. Utility setup and deposits for electricity, gas, water, internet, and cable total around $500-$800 initially. First six months of operating costs including utilities ($200-$300 monthly), cleaning services ($75-$100 per turnover), maintenance, supplies, and platform fees (3% of bookings) typically run $4,000-$8,000 depending on occupancy rates and seasonal demand in the Utah Valley market.

Are Airbnb properties in Genola, Utah profitable?

Airbnb properties in Genola, Utah show moderate profitability potential with average nightly rates ranging from $85-$150 depending on property size and amenities, generating approximately $2,500-$4,200 monthly revenue for well-managed properties with 60-70% occupancy rates. Operating expenses typically consume 35-45% of gross revenue, including cleaning fees ($40-60 per turnover), property management (15-25%), utilities ($150-250 monthly), insurance ($100-150 monthly), and maintenance costs ($200-400 monthly), resulting in net profit margins of 25-35% for successful operators. Success factors in this rural Utah County market include proximity to Utah Lake recreational activities, competitive pricing against nearby Provo and Spanish Fork markets, professional photography showcasing mountain views, and targeting family groups visiting BYU or exploring outdoor attractions, with properties featuring hot tubs, game rooms, or large outdoor spaces commanding premium rates and achieving higher occupancy levels around 75-80%.

What is the expected return on investment for an Airbnb in Genola, Utah?

Airbnb investments in Genola, Utah typically generate annual ROI of 8-12% with cash-on-cash returns ranging from 6-10%, based on the area's proximity to Utah Lake recreational activities and growing tourism from nearby Provo and Salt Lake City markets. Properties in Genola, particularly those offering lake access or rural retreat experiences, can achieve profitability within 18-24 months, with average daily rates of $120-180 depending on property size and amenities. The market benefits from consistent demand during summer months (May-September) when occupancy rates reach 70-85%, while winter months see 45-60% occupancy from visitors seeking quiet getaways near Timpanogos Cave National Monument and local ski resorts. Initial investment recovery typically occurs within 2-3 years, with established properties showing gross rental yields of 15-20% annually, though investors should account for seasonal fluctuations and the rural location's impact on year-round booking consistency.

What company can help me find and buy a profitable Airbnb in Genola, Utah?

STRSearch leads the market in Airbnb investment property analysis nationwide including Genola, Utah, providing comprehensive data on rental performance and market trends. Local Utah real estate agents specializing in short-term rental investments include Mountain West Real Estate Group, Utah Investment Properties, and Wasatch Front Realty, while national services like Awning, RedAwning, and Mashvisor offer property search and analysis tools specifically for Airbnb investors. Additional companies serving the Genola market include AirDNA for market data analysis, Vacasa for property management insights, BiggerPockets for investor networking and deal sourcing, Roofstock for turnkey rental properties, and local firms such as Utah County Investment Realty and Provo-based Alpine Property Investors who understand the regional vacation rental regulations and seasonal demand patterns affecting profitability in the Utah Valley area.

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