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Draper sits at the south end of the Salt Lake Valley where I-15 meets the Point of the Mountain, which makes it one of the more interesting — and more regulated — rental markets in Utah. The city does not permit nightly short-term rentals in most residential zones, so the vacation rental conversation here is really a furnished mid-term and corporate housing conversation. With Silicon Slopes tech campuses minutes north in Lehi, IHC's regional hospital at the bottom of the hill, and the new Utah State Prison redevelopment (The Point) bringing thousands of future jobs, demand for 30-day-plus furnished stays has grown faster than the nightly rental rules have loosened.
Properties that work best as rentals tend to cluster in SunCrest on Traverse Mountain, the foothill streets east of Wasatch Boulevard with Wasatch Front views, and the walkable pockets near Draper Town Center and the FrontRunner station. Median single-family prices in Draper run roughly $750K to $900K, with SunCrest and the eastern bench pushing past $1.2M. Buyers shopping this filter should verify zoning with Draper City and read HOA CC&Rs carefully — both can override your business plan. Property taxes here are lower than in resort markets like Park City, and year-round occupancy from traveling professionals tends to be steadier than seasonal tourist towns. Browse the active listings below to see which homes currently on the market fit a furnished rental strategy, and reach out if you want help cross-checking zoning before you write an offer.
April 2026 · Draper market
Live from the Utah MLS — what's actually happening in Draper right now.
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Common questions
Draper City restricts short-term rentals (stays under 30 days) in most residential zones. A handful of properties with legal nonconforming use or specific zoning may qualify, but buyers should verify directly with Draper City Community Development before writing an offer. Mid-term furnished rentals of 30+ days are generally permitted and have become the more common play here.
Most investors here run 30-day-plus corporate and traveling-nurse rentals. With Silicon Slopes employers like Adobe, Pluralsight, and eBay just minutes north, and IHC and MountainStar hospitals nearby, demand for furnished mid-term housing is steady. Monthly rates typically run $3,500–$6,000 for a furnished 3-bedroom depending on neighborhood and finish level.
SunCrest at the top of Traverse Mountain draws remote workers who want quiet and views, while South Mountain and Suncrest Town Center give quick I-15 access for commuter tenants. Closer to the valley floor, areas near 12300 South and Highland Drive put renters within 10 minutes of the FrontRunner and Silicon Slopes campuses.
Single-family homes suitable for furnished rental generally start around $700K and run past $1.5M in SunCrest or the foothills east of Wasatch Boulevard. Townhomes and newer condos near Draper Town Center start in the mid $400Ks and tend to cash flow better given lower entry price and HOA-handled exteriors.
Park City and St. George allow true nightly rentals in many zones and post higher gross income, but Draper offers steadier year-round occupancy through corporate housing and lower property taxes than resort markets. It's a different investment profile — less seasonal swing, less regulatory risk, lower ceiling.
Yes, and they matter as much as the city code. Many Draper HOAs (especially SunCrest and newer Daybreak-style communities) have their own minimum-lease terms, often 6 or 12 months, that can be stricter than city rules. Always pull the CC&Rs before assuming a property can be rented furnished or short-term.