Zip Code 84043

Lehi, UTUtah County

Real Estate Market Analysis

Q3 2025 Report
$581,149 (Zillow, July 2025)
Median Home Value
Estimated 80,000+ (Lehi city, 2025 projection)
Population
$102,000 (Lehi, UT, 2024 estimate)
Median Income
Above average (statewide comparisons)
School District Rating

Market Statistics

Property Values

$581,149 (Zillow, July 2025)
Median Home Value
$1,425 for 2bd/1ba (Zillow, July 2025)
Median Rent
$216/sqft (RealtyTrac, March 2025)
Price per Sq Ft

Market Performance

Home Appreciation+0.8% YoY (Zillow, July 2025)
Market VelocityHomes go pending in ~15 days (Zillow, July 2025)
Foreclosure Rate42 properties in foreclosure, 29 in pre-foreclosure (RealtyTrac, Property Focus, 2025)

Area Information

Area Sizeapprox. 27 sq mi
CountyUtah
Primary CityLehi

Housing Profile

Housing Statistics

Total Housing Units~14,642 properties with >50% equity (Property Focus, Jan 2025)
Owner Occupied6,164 fully paid-off homes (Property Focus, Jan 2025)
Rental PropertiesData not specified; rental market active with median rent $1,425
Vacant UnitsNot specified
New ConstructionActive new construction; 96 homes listed as of March 2025 (RealtyTrac)

Housing Types

Single-family homesCondosTownhomes

Demographics

Estimated 80,000+ (Lehi city, 2025 projection)
Population
~27 years (Lehi, UT, 2024 estimate)
Median Age
$102,000 (Lehi, UT, 2024 estimate)
Median Income
~97% (Lehi, UT, 2024)
Employment Rate
High school grad or higher: 95%; Bachelor’s or higher: 45% (Lehi, UT, 2024)
Education Levels
Predominantly families with children; high percentage of married households
Family Composition

Education Quality

School District Performance

Above average (statewide comparisons)
District Rating
School DistrictAlpine School District
Test ScoresConsistently above state average (Alpine SD, 2024)
Graduation Rates~93% (Alpine SD, 2024)

Schools in Area

  • Lehi High School
  • Skyridge High School
  • Willowcreek Middle
  • Traverse Mountain Elementary

Economic Factors

Employment & Business

Job GrowthStrong, driven by tech sector expansion (2024-2025)
Unemployment Rate~3% (Lehi, UT, 2024)
Business EnvironmentPro-business, tech-focused, rapid commercial growth
Commercial ActivityHigh; new retail, office, and mixed-use developments

Major Employers

  • Adobe
  • IM Flash
  • Vivint
  • Xactware
  • Lehi City
  • Silicon Slopes tech companies

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-15 freeway
  • FrontRunner commuter rail (Lehi station)
  • UTA bus service

Utilities & Services

  • Rocky Mountain Power
  • Dominion Energy
  • Lehi City Utilities

Quality of Life

Safety & Environment

Low to moderate; below national average for violent crime

Good; clean air, suburban environment

Healthcare Access

  • Intermountain Primary Children’s Hospital (Lehi)
  • Mountain Point Medical Center

Development Trends

Planned Developments

  • Silicon Slopes tech campus expansion
  • Mixed-use retail/residential at Traverse Mountain

Infrastructure Projects

  • I-15 interchange improvements
  • New schools and parks

Investment Outlook

Growth Outlook

Strong; population and job growth projected through 2030

Investment Opportunities

  • New construction
  • Value-add single-family rentals
  • Tech-adjacent commercial properties

Marketing Intelligence

Target Demographics

  • Young families
  • Tech professionals
  • Move-up buyers
  • Investors

Competitive Advantages

  • Tech hub location
  • Strong schools
  • Modern infrastructure

Pricing Strategies

Competitive pricing just below median to attract move-up buyers and tech workers

Common Objections & Response Strategies

Objection: High home prices compared to nearby areas

Response Strategy:

Emphasize tech job access, school quality, and long-term appreciation potential

Objection: Rapid growth and construction traffic

Response Strategy:

Highlight infrastructure improvements and future value

Objection: Rising interest rates

Response Strategy:

Showcase local wage growth and potential for refinancing

Professional Recommendations

1

Target tech professionals and families in marketing

2

Leverage school and recreation amenities in listings

3

Monitor inventory and price trends monthly

4

Educate buyers on long-term appreciation and local job growth

5

Network with relocation services and tech employers

Competitive Analysis

Comparable Markets

  • 84096 (Herriman)
  • 84020 (Draper)
  • 84003 (American Fork)

Market Positioning

Premium suburban tech hub with family appeal

Competitive Advantages

  • Proximity to Silicon Slopes
  • Higher new construction volume
  • Better school ratings

Price Comparison

Slightly higher than American Fork, lower than Draper

Investment Metrics

~4.5% for single-family rentals (2025 est.)
Cap Rates
~5.2% gross yield (median rent/median price)
Rental Yields
~34:1 (using $581,149 median and $1,425 median rent)
Price-to-Rent
Positive for well-leveraged rentals; best in new or value-add properties
Cash Flow
+2% annual through 2026 (statewide projection)
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenged by high prices; down payment assistance and new construction incentives available

Move-Up Buyers

Strong options in new builds and larger homes; motivated by school quality and tech jobs

Downsizers

Limited inventory; focus on townhomes and condos near amenities

Investors

Opportunities in single-family rentals and high-equity homes; watch for softening prices

Relocators

Attracted by tech jobs, schools, and quality of life; virtual tours and relocation services effective

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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