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Homes Under $300,000 in Lehi, Utah
Lehi has changed fast. Silicon Slopes employers like Adobe, Microsoft and Ancestry sit along the I-15 corridor, and the median single-family price has climbed well past $600,000. That makes a sub-$300K purchase a narrow target here. Most of what fits is condos, older townhomes and a handful of manufactured homes or small older houses. Expect to see units in Traverse Mountain and near Thanksgiving Point, plus older stock around Lehi's historic Main Street, where lots are larger and the homes are smaller.
Buyers in this range usually fall into three groups: first-timers who want to build equity instead of renting, remote workers who like the Utah County location, and downsizers who want a low-maintenance place near the FrontRunner station. Check HOA dues closely, since they can add $150 to $350 a month on newer townhomes and change what you can afford. Also check the loan type. Some condos aren't FHA-approved, which limits your financing options. Inventory under $300K moves quickly, and well-priced listings often get offers in days. Salt Lake City airport is about 30 minutes north, and Provo is about 25 minutes south. Browse the active listings below to see what's on the market today.
September 2026 · Lehi market
Live from the Utah MLS — what's actually happening in Lehi right now.
Median sale
$600,910
73 closed in September 2026
Median DOM
23 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
368
active + pending
5 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.