Moab, UT
Adventure capital - Arches and Canyonlands gateway
Moab is the gateway to two national parks - Arches and Canyonlands - plus world-famous mountain biking on Slickrock Trail. The adventure tourism demographic skews younger and is extremely repeat-visitor oriented, creating strong shoulder season demand that more established markets can't replicate.
Across 132 active STR-viable listings analyzed this month, Moab shows a 2.7% median cap rate at a $590K median list price, 45% occupancy, and $198/night. That ranks #31 of 57 markets in STRROI's live ranking. At typical prices, cash flow is tight: most listings only pencil out with a large down payment, a below-list purchase, or above-market nightly rates.
Moab real estate market right now
As of October 16, 2026, STRROI is tracking 132 homes for sale in Moab that could run as short-term rentals, at a median list price of $589,500. The middle half are priced between $448K and $780K. That works out to a median of $431 per square foot for a typical 1,506 square foot home. Homes here have been on the market 217 days on average, longer than the 101 days typical across the 56 markets in STRROI's ranking, which usually leaves more room to negotiate on price. 21 of them were listed in the last 30 days.
These numbers cover the homes for sale STRROI analyzes as potential short-term rentals in Moab, ZIP 84532. They are not every home sale in the area, so they can differ from MLS-wide figures. Month-by-month price history starts Oct 2026 and fills in as the market is re-checked each month.
What's for sale in Moab right now
Of the 132 homes for sale we analyzed in Moab, 1 (1%) project positive monthly cash flow with 20% down at a 7.5% rate, and none rate Buy or better on STRROI's 1-10 scale. 3-bedroom homes are the most common (61 for sale, median $679K). Returns are strongest in 4-bedroom homes at a 3.0% median cap rate, and weakest in 1-bedroom homes at 2.5%. By property type, manufactured homes lead at a 3.1% median cap rate across 18 listings.
- Weak: 10
- Avoid: 122
| Beds | For sale | Median price | Cap rate |
|---|---|---|---|
| 1 | 16 | $317K | 2.5% |
| 2 | 34 | $464K | 2.7% |
| 3 | 61 | $679K | 2.7% |
| 4 | 15 | $948K | 3.0% |
| 5+ | 6 | $873K | 3.0% |
| Type | For sale | Median price | Cap rate |
|---|---|---|---|
| Single-family homes | 41 | $750K | 2.4% |
| Townhouses | 35 | $620K | 2.9% |
| Condos | 34 | $431K | 2.7% |
| Manufactured homes | 18 | $415K | 3.1% |
| Multi-family | 4 | $2.1M | 2.7% |
Top-ranked homes for sale in Moab this month
Scored 1-10 against real Airbnb comps. Addresses, photos and the full underwriting are in the app.
- #1Weak · 4/103 bd · 2 ba manufactured homeZIP 84532 · listed at $105K
- Cap rate
- 10.0%
- Cash flow
- +$286/mo
- Nightly
- $154 at 45%
- #2Weak · 4/102 bd · 2 ba manufactured homeZIP 84532 · listed at $62K
- Cap rate
- 6.3%
- Cash flow
- -$21/mo
- Nightly
- $87 at 45%
- #3Weak · 3/102 bd · 1 ba manufactured homeZIP 84532 · listed at $105K
- Cap rate
- 4.7%
- Cash flow
- -$179/mo
- Nightly
- $96 at 45%
How Moab compares
Moab ranks #2 of 6 Mountain West markets in STRROI's live ranking; Steamboat Springs leads the region with a median cap rate of 3.0%. Its 2.7% cap rate is 0.2 points below the 2.9% median across all 57 ranked markets, and its $590K typical list price is cheaper than the Mountain West median of $2.3M.
| Rank | Market | Cap rate | Typical price |
|---|---|---|---|
| #28 | Steamboat Springs, CO | 3.0% | $1.5M |
| #31 | Moab, UT | 2.7% | $590K |
| #41 | Breckenridge, CO | 2.3% | $1.0M |
| #51 | Jackson Hole, WY | 1.7% | $3.2M |
| #55 | Vail, CO | 0.9% | $3.9M |
| #57 | Park City, UT | 0.4% | $3.1M |
Rank is national, by median cap rate across active STR-viable listings. Cash flow uses STRROI's default financing assumptions. See the full ranking
Estimated Annual Performance
* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.
Why Investors Choose Moab
Moab STR investing, answered
Is Moab, UT a good short-term rental market?
Moab is a Mountain West STR market with a 2.7% median cap rate, 45% annual occupancy, and $198/night across STR-viable listings, based on 132 active listings. It ranks #31 of 57 markets by median cap rate in STRROI's live ranking. This month none of its 132 homes for sale rate Buy or better.
What is the average Airbnb occupancy rate in Moab?
STR-viable properties in Moab average about 45% occupancy across the year. Peak season is Mar - May, Sept - Nov (avoids summer heat). Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.
How much do short-term rentals earn in Moab?
At $198/night and 45% occupancy, a typical Moab STR grosses roughly $32,811 per year before expenses, leaving an estimated $19,687 in net operating income. Across analyzed listings the median cap rate is 2.7%. Individual results depend on property, amenities, and management.
What types of properties work best for STR in Moab?
Among homes for sale right now, 4-bedroom homes post the strongest median cap rate by size (3.0%), and manufactured homes lead by property type (3.1%). With guests, the best-performing STR types here are Single Family, Cabin, Unique/Glamping, Casita. Matching the local guest profile and the amenities that drive bookings matters more than raw square footage.
How many homes for sale in Moab cash flow as an Airbnb?
1 of 132 STR-viable listings (1%) project positive monthly cash flow after the mortgage, assuming 20% down at a 7.5% rate on a 30-year loan. The top-ranked listing this month is a 3-bedroom manufactured home in ZIP 84532 listed at $105K, projecting a 10.0% cap rate and +$286 a month.
What is the median home price in Moab, UT right now?
The median list price of the 132 homes for sale STRROI tracks in Moab is $589,500, and the middle half are priced between $448K and $780K. The median price per square foot is $431. These are homes that could run as short-term rentals, ZIP 84532, not every sale in the area. Against a 2.7% median cap rate, that price level sets the return baseline you'd underwrite against.
How long do homes stay on the market in Moab?
Homes for sale in Moab have been listed 217 days on average, longer than the 101 days typical across the 56 markets in STRROI's ranking, which usually leaves more room to negotiate on price. 21 of them were listed in the last 30 days.
Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 132 active listings · last updated Oct 16, 2026
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