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Lehi, UT—84043

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$562,000
2.5% YoY Growth
Household Income
$126,000
41.8% YoY Growth
Days on Market
59
26.0% Shorter YoY
Home Price Forecast
1.5%
Median Rent
$2,100
0.0% YoY Growth
1-Bed Rent
$945
10.8% YoY Growth
2-Bed Rent
$1,530
4.2% YoY Growth
3-Bed Rent
$2,100
3.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lehi, UT

As of Dec '25, the median home price in Lehi, UT is $562,000, with a year-over-year change of 2.5%. This indicates that home prices in Lehi, UT are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$562,0002.5%
Single Family $580,0002.8%
Condos $339,0000.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$452,0006.4%
    3 Bed
    		$481,0001.9%
    4 Bed
    		$600,0002.4%
    5 Bed $735,6322.3%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    2.7%
    2 Bedrooms
    10.6%
    3 Bedrooms
    30.0%
    4 Bedrooms
    25.4%
    5+ Bedrooms
    30.9%

    Rental Trends — Lehi, UT

    As of July '25, Rentcast reports the average rent in Lehi, UT is $2,040, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Lehi, UT is 1-bedrooms: $945, 2-bedrooms: $1,580, 3-bedrooms: $2,130, 4-bedrooms: $2,190. The most common rental property sizes in Lehi, UT are 3-bedroom and 2-bedroom, accounting for 34.6% and 29.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,100$2,040
    Studio Rent N/AN/A
    1 Bed Rent $945$945
    2 Bed Rent $1,530$1,580
    3 Bed Rent $2,100$2,130
    4 Bed Rent $2,400$2,190
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    % of Rental Stock

    Studio
    1.2%
    1 Bedroom
    10.6%
    2 Bedrooms
    29.2%
    3 Bedrooms
    34.6%
    4 Bedrooms
    15.4%
    5+ Bedrooms
    9.1%

    Property Listings — Lehi, UT

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lehi, UT is 62. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$636,00014.0%
    Listing Count
    		159-64.0%
    Listings as % of Homes3.2%-64.0%
    Days on Market
    		59-26.0%
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    Demographics — Lehi, UT

    As of the latest ACS Survey released in 2023, Lehi, UT has a population of 81,800, which has increased by 31.2% over the past 5 years. Lehi, UT is a popular place for families, as children make up 37.2% of the population. The area has a highly educated workforce, with 50.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		81,80031.2%
    % Under 18
    		37.2%-12.3%
    % Seniors
    		5.5%-5.2%
    % WFH
    		22.7%124.8%
    % w/ College Degree
    		50.0%11.1%
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    As of the latest ACS Survey released in 2023, Lehi, UT is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Lehi, UT is hispanic, making up 9.2% of the population. Foreign-born residents account for 6.0% of the population in Lehi, UT, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.7%-3.9%
    % Black
    		0.5%150.0%
    % Hispanic
    		9.2%21.1%
    % Asian
    		2.1%16.7%
    % Foreign Born
    		6.0%20.0%
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    Mortgage and Risk — Lehi, UT

    According to HUD data as of 2023, there were 891 mortgage originations in Lehi, UT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Lehi, UT. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		891
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Lehi, UT

    As of 2024, the percent of homes in Lehi, UT under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lehi, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		127
    Total Units Section 8
    		127
    % Rentals under Section 8
    		2.3%
    % Occupied Section 8
    		93.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$575$945$1,520
    2 Bedroom$230$1,530$1,760
    3 Bedroom$370$2,100$2,470
    4 Bedroom$560$2,400$2,960

    Affordability — Lehi, UT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$562,000
    Median Household Income$126,000

    Lehi, UT — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    84020

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    84065

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    Frequently Asked Questions