Is Jeremy Ranch, Utah Good for Airbnb Investment?

To start an Airbnb in Jeremy Ranch, Utah, begin by researching Summit County's short-term rental regulations, which typically require a conditional use permit and business license, with properties needing to meet specific safety standards including smoke detectors, carbon monoxide detectors, and fire extinguishers. Contact Summit County Planning Department (435-336-3124) to obtain the necessary Conditional Use Permit for short-term rentals, which costs approximately $500-800 and requires neighbor notification and potential public hearing. Find a suitable property in Jeremy Ranch through local realtors like Coldwell Banker or Park City Sotheby's, focusing on properties with good access to Park City ski resorts and downtown areas, with typical investment properties ranging $800,000-2,000,000. Furnish the property with high-quality, durable furniture emphasizing the mountain/ski lodge aesthetic popular in the area, including essentials like linens, kitchen supplies, ski storage, and outdoor gear storage, budgeting $15,000-30,000 for complete furnishing. List your property on Airbnb, VRBO, and local platforms like Park City Lodging, using professional photography that highlights mountain views and proximity to Deer Valley and Park City Mountain Resort. Manage the property either personally or through local management companies like RedAwning or Park City House Rentals, ensuring compliance with Summit County's occupancy limits (typically 2 people per bedroom plus 2), quiet hours (10 PM-8 AM), and parking restrictions, while maintaining the required guest registry and responding to any neighbor complaints promptly to maintain your permit status.

To identify profitable short-term rental properties in Jeremy Ranch, Utah, focus on properties within 15-20 minutes of Park City ski resorts and downtown, prioritizing locations with mountain views and easy highway access via I-80. Target 3-4 bedroom single-family homes or townhomes built after 2000 with modern amenities, hot tubs, garages, and outdoor spaces that can accommodate 6-10 guests, as these command premium rates of $300-600 per night during ski season (December-March) and $200-400 during summer months. Analyze comparable properties using AirDNA and Mashvisor to identify average daily rates, occupancy rates (typically 60-75% in this market), and seasonal demand patterns, while researching competition through Airbnb and VRBO to identify gaps in amenities or pricing strategies. Utilize Summit County property records, MLS data through local realtors familiar with Jeremy Ranch, and vacation rental management companies like RedAwning or Vacasa for market insights, while ensuring compliance with Summit County's short-term rental regulations and HOA restrictions that may limit rental activities in certain Jeremy Ranch neighborhoods. Properties priced between $800K-1.5M typically offer the best investment potential when targeting the luxury ski market, with successful properties generating $80K-150K annually in gross rental income.

To obtain an Airbnb/STR permit in Jeremy Ranch, Utah, you must first apply through Summit County's planning department since Jeremy Ranch falls under Summit County jurisdiction. Begin by submitting a Conditional Use Permit application to Summit County Planning Department at 60 North Main Street, Coalville, UT 84017, or online through their permitting portal. Required documents include a completed CUP application form, site plan showing parking and access, floor plans of the rental unit, proof of property ownership or authorization letter, septic system approval if applicable, and a good neighbor agreement outlining house rules and contact information. The application fee is approximately $1,500-$2,000 plus additional review fees. You must also obtain a Summit County business license ($50-$100 annually) and register for transient room tax collection with the Utah State Tax Commission. The approval timeline typically takes 60-90 days including a public hearing before the Planning Commission. Jeremy Ranch specific requirements include maintaining adequate off-street parking (minimum 2 spaces per unit), ensuring the property meets all fire safety codes, limiting occupancy to 2 people per bedroom plus 2 additional guests, maintaining quiet hours from 10 PM to 8 AM, and providing 24/7 local contact information to guests and neighbors. Once approved, you must display your permit number in all advertising and renew annually while maintaining compliance with all conditions.

Short-term rentals (STRs) are generally legal in Jeremy Ranch, Utah, as this unincorporated community in Summit County operates under county regulations rather than municipal ordinances. Summit County permits STRs but requires operators to obtain a conditional use permit and business license, comply with occupancy limits typically based on septic system capacity, maintain adequate parking (usually 2 spaces per unit), and follow noise ordinances and good neighbor policies. Properties must meet safety requirements including smoke detectors, carbon monoxide detectors, and fire extinguishers, while operators are subject to transient room tax collection. Recent changes around 2019-2021 have strengthened enforcement mechanisms and clarified permit requirements, though Jeremy Ranch's location near Park City means it benefits from tourism demand while facing ongoing community discussions about housing availability and neighborhood character impacts from STR operations.

Jeremy Ranch in Park City, Utah offers excellent Airbnb investment opportunities primarily in the Palisades and Glenwild neighborhoods, which provide luxury mountain living with easy access to world-class skiing at Park City Mountain Resort and Deer Valley Resort. The Jeremy Ranch Golf Club area is particularly attractive due to its proximity to the championship golf course and upscale amenities that draw affluent tourists year-round. The neighborhoods near Jeremy Ranch Elementary and the main Jeremy Ranch Parkway corridor offer strong potential due to their central location and accessibility to both Park City's historic Main Street (10 minutes away) and Salt Lake City International Airport (45 minutes). These areas benefit from consistent demand driven by winter sports tourism (December-March), summer outdoor recreation including hiking and mountain biking, major events like the Sundance Film Festival in nearby Park City, corporate retreats and conferences, and weekend getaways from Salt Lake City's business community. The combination of luxury mountain settings, proximity to premier ski resorts, golf amenities, and easy access to Park City's dining and entertainment makes Jeremy Ranch an ideal location for high-end vacation rental investments targeting affluent travelers seeking upscale mountain experiences.

Airbnb properties in Jeremy Ranch, Utah are subject to multiple lodging taxes including Utah's state transient room tax of 4.25%, Summit County's transient room tax of 3%, and potentially additional local municipal taxes depending on the specific jurisdiction within Jeremy Ranch. These taxes are typically collected automatically by Airbnb through their platform for most bookings and remitted directly to the appropriate tax authorities on behalf of hosts, though hosts should verify their specific obligations with Summit County and local tax offices. The state tax applies to stays of less than 30 consecutive days, while county taxes generally follow similar short-term rental criteria. Hosts may need to register with the Utah State Tax Commission and Summit County for tax collection purposes, and exemptions are rare but may apply to certain long-term stays exceeding 30 days or specific government/military bookings. Collection occurs at the time of booking, with Airbnb handling remittance monthly to state and local authorities, though hosts remain ultimately responsible for ensuring compliance and may need to file periodic returns even when Airbnb collects taxes on their behalf.

The total cost to start an Airbnb in Jeremy Ranch, Utah would be approximately $1,850,000 to $2,100,000. Property purchase represents the largest expense at $1,600,000 to $1,800,000 based on median home prices in this upscale Park City area. Furnishing costs for a luxury mountain property would range $40,000 to $60,000 including high-quality furniture, bedding, kitchen equipment, and outdoor amenities. Initial setup costs including professional photography, listing creation, and marketing materials would be $3,000 to $5,000. Permits and fees including business license, transient room tax registration, and potential HOA approval would cost $1,500 to $3,000. Insurance including short-term rental coverage and increased liability protection would be $8,000 to $12,000 annually. Utilities including high-speed internet, cable, electricity, gas, water, and waste management would cost $800 to $1,200 monthly. First six months operating costs including utilities ($4,800 to $7,200), cleaning services ($3,600 to $6,000), maintenance and supplies ($2,000 to $4,000), property management if outsourced ($6,000 to $12,000), and marketing ($1,000 to $2,000) would total approximately $17,400 to $31,200.

Airbnb properties in Jeremy Ranch, Utah typically generate annual revenues of $35,000-$55,000 for well-positioned 3-4 bedroom homes, with nightly rates averaging $180-$280 during peak ski season (December-March) and $120-$180 in summer months. Operating expenses generally run 40-50% of gross revenue, including property management fees (20-25%), cleaning costs ($75-$100 per turnover), utilities ($200-$300 monthly), insurance ($150-$200 monthly), and maintenance reserves. Properties within walking distance of Jeremy Ranch Golf Club or with mountain views command premium rates and achieve 65-75% occupancy year-round, resulting in net profit margins of 25-35%. Success factors include proximity to Park City ski resorts (15-minute drive), professional photography showcasing mountain views, responsive property management, and amenities like hot tubs, game rooms, and ski equipment storage. A typical 2,500 sq ft home purchased for $800,000 in 2022 generates approximately $45,000 annual revenue with $22,000 in expenses, yielding $23,000 net profit (2.9% cash-on-cash return), though properties purchased before 2020 show significantly higher returns due to appreciation and lower acquisition costs.

Based on Jeremy Ranch, Utah market conditions, Airbnb investments typically generate annual ROI of 12-18% with cash-on-cash returns ranging from 8-14% depending on property acquisition costs and financing structure. Properties in this Park City adjacent community, with average daily rates of $200-350 during peak ski season (December-March) and $150-250 during summer months, generally achieve profitability within 18-24 months of initial investment. The luxury vacation rental market in Jeremy Ranch benefits from proximity to Park City Mountain Resort and Deer Valley, with occupancy rates averaging 65-75% annually, translating to gross rental yields of 15-22% before expenses, while net returns after property management fees, maintenance, and utilities typically settle at 10-16% annually for well-positioned properties purchased at current market values of $800,000-1,500,000.

STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for investors looking in Jeremy Ranch, Utah. Local real estate agents in the Park City area who focus on investment properties include Windermere Real Estate and Summit Sotheby's International Realty, both of which have agents experienced in vacation rental investments around Jeremy Ranch since the area's development in the 1990s. National services like AirDNA provide market analysis and revenue projections for Airbnb properties in the Park City region, while Mashvisor offers investment property analysis tools that cover the Jeremy Ranch market. RedAwning and Vacasa provide property management services for short-term rentals in the area, and companies like BiggerPockets connect investors with local real estate professionals who understand the Park City vacation rental market. Local property management companies such as Park City Property Management and Alpine Property Management have been serving the Jeremy Ranch area since the early 2000s, helping investors maximize their Airbnb returns through professional management services.