Lehi, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lehi Neighborhoods Since 2000




Lehi, UT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lehi Housing Market Information

With 58,486 people, 13,732 houses or apartments, and a median cost of homes of $305,238, Lehi real estate prices are well above average cost compared to national prices.

Lehi is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lehi than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lehi. Owner-occupied housing accounts for 81.20% of Lehi's homes, and 59.97% have either three or four bedrooms, which is average sized relative to America.

Lehi homes and real estate are some of the newest in America. 61.53% of Lehi's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lehi real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.91%), and between 1940-1969 ( 6.32%). There's also some housing in Lehi built before 1939 ( 4.24%).

Lehi Home Appreciation Rates

Appreciation rates for homes in Lehi have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.60%, which ranks in the top 40% nationwide. This equates to an annual average Lehi house appreciation rate of 0.74%.

Appreciation rates are so strong in Lehi that despite a nationwide downturn in the housing market, Lehi real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lehi appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 87.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lehi. Lehi appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.10%.

Importantly, NeighborhoodScout’s exclusive research found that Lehi's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Utah, our data show that Lehi's latest annual appreciation rate is higher than 50% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lehi differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lehi - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lehi real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$305,238

Lehi, UT HOME PRICES

Value Range
> $1,270,000 0.8
$953,001 - $1,270,000 0.5
$635,001 - $953,000 4.2
$508,001 - $635,000 7.0
$381,001 - $508,000 16.8
$254,001 - $381,000 42.6
$127,001 - $254,000 24.4
$64,001 - $127,000 1.4
$0 - $64,000 2.4

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
15.9176139692957 25.1677852348993

Number Of Homes And Apartments:
13,732

Lehi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.37% 2.74% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,453 / per month

Homeownership Rate

Homeownership
Owners 81.20
Renters 18.80
Vacant 3.42

Housing Market Details

 

Age of Homes

AGE OF Lehi HOMES
2000 or Newer 61.5
1970 - 1999 27.9
1940 - 1969 6.3
1939 or Older 4.2

Types of Homes

TYPE OF Lehi HOMES
Single-Family 79.4
Townhomes 8.4
Small Apt. Buildings 7.4
Apt. Complexes 4.1
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Lehi HOMES
No Bedroom 0.36
1 Bedroom 0.71
2 Bedrooms 7.92
3 Bedrooms 34.32
4 Bedrooms 25.65
5 or more bedrooms 31.04