bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $300,000 in Lehi, Utah
Lehi has changed fast over the last decade, and that shows up directly in what $300K buys today. Most homes under that number in Lehi proper are attached products — condos and townhomes in developments like Traverse Mountain's lower-price pockets, older patio homes near Main Street, or units in the Thanksgiving Point-adjacent communities built in the early 2010s before land prices climbed. A detached single-family house under $300K inside Lehi city limits is now rare; when one shows up, it's typically a smaller older home near downtown Lehi or an entry-level property that needs work. Buyers with this budget often end up widening their search to include manufactured homes on owned land or looking at the edges of the city near Saratoga Springs.
This price point matters here because Lehi sits inside Silicon Slopes, with Adobe, Qualtrics, and Vivint Solar all within a few miles, and tech-sector demand has pushed the median detached home price well past $500K. That makes sub-$300K inventory move quickly, often to first-time buyers using FHA loans or investors eyeing rental income near Utah Valley University and the tech corridor. Inventory turns over fast and doesn't stay listed long, so it helps to know exactly what property type and HOA situation you're comfortable with before you start touring. Browse the active listings below to see what's currently on the market in this range.
June 2026 · Lehi market
Live from the Utah MLS — what's actually happening in Lehi right now.
Median sale
$585,450
92 closed in June 2026
Median DOM
21 days
listing → contract
Sale-to-list
99.1%
of final list price
Unsold inventory
458
active + pending
1 matching · page 1 of 1
Active listings
Prefer the map?
See all 1 homes under $300k on a map
Pan around Lehi and refine by drawing your own boundary.
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.