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Investment Properties for Sale in Lehi, Utah
Lehi has been one of Utah's most-watched rental markets for the better part of a decade, and it's easy to see why. The city sits at the heart of Silicon Slopes, with Adobe, Micron, Ancestry, Entrata, and dozens of smaller tech employers all within a short commute. Thanksgiving Point, the FrontRunner station, and direct I-15 access pull tenants from both Salt Lake and Utah Counties, which keeps vacancy tight and rent growth steady. Investor-friendly inventory in Lehi tends to fall into three buckets: older single-family homes near Lehi Main Street and the Pioneer Crossing corridor, newer townhomes in Traverse Mountain and Holbrook Farms, and the occasional basement-apartment or ADU setup in established neighborhoods.
Underwriting in Lehi looks different than in southern Utah or the Wasatch back. Short-term rentals are heavily restricted in most residential zones, so the playbook here is long-term rentals leaning on tech-sector tenants and steady appreciation rather than nightly bookings. Non-owner-occupied properties also lose Utah's primary-residence tax break, so expect property taxes closer to 1.0%–1.3% of market value annually. On the upside, Utah County's population growth and Lehi's job density have historically supported both rent increases and resale value better than most Wasatch Front cities. Browse the active listings below to see what's currently on the market and pencil out which addresses fit your strategy.
May 2026 · Lehi market
Live from the Utah MLS — what's actually happening in Lehi right now.
Median sale
$589,900
133 closed in May 2026
Median DOM
10 days
listing → contract
Sale-to-list
99.5%
of final list price
Unsold inventory
409
active + pending
36 matching · page 2 of 2
Active listings
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Common questions
About investment properties in Lehi.
What kinds of investment properties trade in Lehi? ▾
The mix runs from single-family rentals in older neighborhoods near Lehi Main Street to newer townhomes and condos in Traverse Mountain, Holbrook Farms, and the Mercato area. Small multifamily is rare inside city limits because most of Lehi's growth has been single-family subdivisions, but you'll see the occasional duplex or basement-apartment setup. Short-term rental options are limited compared to southern Utah because Lehi restricts most STRs in residential zones.
What kind of rent can a Lehi single-family home pull? ▾
As of recent comps, a 3-bed/2-bath single-family in Lehi typically rents in the $2,200–$2,800 range, and newer 4-bed homes near Silicon Slopes can clear $3,000+. Townhomes generally land between $1,900 and $2,400. Demand is driven by tech workers at Adobe, Micron, and the dozens of firms along Thanksgiving Point and Traverse Ridge.
Are short-term rentals (Airbnb) legal in Lehi? ▾
Lehi heavily restricts short-term rentals in residential zones — owner-occupied rentals of a room are generally allowed with a license, but full-home STRs in standard residential areas are not permitted. A handful of zones and condo projects allow nightly rentals, so confirm the specific parcel's zoning and any HOA rules before underwriting an STR strategy.
Why is Lehi considered a strong rental market? ▾
Lehi sits in the middle of Silicon Slopes, with employers like Adobe, Xactware, Ancestry, and Entrata within a few minutes' drive, plus easy I-15 access to Provo and Salt Lake. Utah County's population growth has been among the fastest in the country for a decade, and rental vacancy in Lehi typically runs below 5%. That combination keeps both rent growth and resale demand steady.
What should I expect for property taxes and HOA costs? ▾
Utah County property taxes on non-owner-occupied properties are assessed at 100% of market value rather than the 55% primary-residence rate, which roughly doubles the tax bill compared to an owner-occupied home — budget around 1.0%–1.3% of market value annually. HOA dues in newer Lehi communities commonly run $30–$150/month for single-family and $150–$300/month for townhomes.
How competitive is the buy side for investors right now? ▾
Investors compete with a heavy pool of owner-occupant buyers in Lehi, so deeply discounted deals are uncommon on the MLS. Most working investor strategies here focus on long-term rental cash flow paired with appreciation rather than flips. Browse the active listings below to see what's currently priced and on the market.