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Homes Under $300,000 in Lehi, Utah
Lehi's median home price has climbed well past the $500K mark over the last few years, driven by Silicon Slopes job growth and steady demand from Salt Lake and Utah County commuters. That makes homes under $300K a narrow slice of the market here — mostly attached product: condos, townhomes, and the occasional older single-family home in one of Lehi's original pockets near Main Street or Thanksgiving Point's outer edges. Traverse Mountain and the newer master-planned communities like Holbrook Farms rarely produce anything at this price point; what you'll see instead are smaller-footprint condos in developments like Vantage Pointe or resale townhomes built in the early 2000s before land costs spiked. Because inventory this affordable turns over fast, buyers need to move efficiently once something lists. HOA dues matter more at this price tier than square footage — a $180/month fee on a $270K condo changes your real monthly payment more than people expect, so run the full numbers, not just the mortgage estimate. This price range also tends to attract first-time buyers, UVU and tech-employee renters ready to stop paying rent, and investors eyeing Lehi's rental demand from Adobe, Qualtrics, and other Silicon Slopes employers. Browse the active listings below to see what's currently on the market.
July 2026 · Lehi market
Live from the Utah MLS — what's actually happening in Lehi right now.
Median sale
$625,000
105 closed in July 2026
Median DOM
23 days
listing → contract
Sale-to-list
98.8%
of final list price
Unsold inventory
387
active + pending
3 matching · page 1 of 1
Active listings
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Common questions
About homes under $300k in Lehi.
What kind of homes are actually available in Lehi under $300K? ▾
Almost entirely attached housing — condos and interior townhome units in communities like Cold Spring, Ivory Ridge, and pockets near Thanksgiving Point. You'll also see manufactured homes, and very rarely a small, older single-family home in central Lehi needing significant updates. True detached homes with a yard under $300K are essentially extinct in current Lehi inventory.
Are HOA fees a big factor at this price point? ▾
Yes. Since most sub-$300K listings are condos or townhomes, HOA dues typically run $150–$300 per month and cover exterior maintenance, landscaping, and sometimes water or trash. Factor this into your DTI when getting pre-approved — it can shift your buying power by $20K–$40K.
Is Lehi under $300K realistic for a first-time buyer with an FHA loan? ▾
It can be, but most lenders will want the condo project to be FHA-approved, which not all Lehi communities are. Ask your loan officer to verify project approval before you write an offer. Conventional 3% and 5% down loans are often a smoother path for condos in Lehi.
How fast do homes in this price range sell in Lehi? ▾
Quickly. Well-priced condos and townhomes in Lehi under $300K frequently go pending within 3–10 days, and competitive listings still see multiple offers. Having pre-approval in hand and being able to tour within 24 hours of a new listing is close to mandatory.
Are these properties good rental investments? ▾
Lehi is one of the stronger rental markets in Utah County thanks to Silicon Slopes employment. A two-bed condo bought near $290K typically rents in the $1,650–$1,900 range, though cash flow gets tight after HOA, taxes, and insurance. Check the HOA's rental cap before you buy — some communities limit the percentage of investor-owned units.
What neighborhoods in Lehi should I focus on at this budget? ▾
Look at condo communities along 2100 North, the Cold Spring area near the freeway, older units near Lehi Main Street, and the Traverse Mountain condos when they pop up. Each has tradeoffs — Traverse Mountain gives you trails and views but higher HOAs, while central Lehi units are closer to FrontRunner and downtown.