Lehi, UT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Lehi short-term rental market based on reliable data.

Listings

96 / 246

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$25,131

Middle-Earners Revenue

Occupancy

81%

Middle-Earners Occupancy

Home Value

$573,910

Median Home Sale Price

Top Earners

$55,088

Top-Earners Revenue

Lehi

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lehi.

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C

Challenging to Investors

Lehi Regulations

STRs are legal but limited to owner-occupied primary residences with strict 600-foot school buffers and a 10-guest cap, and enforcement is tightening for marketplace facilitators; permitting is moderate ($50, annual license, documentation, potential inspection), which keeps the process manageable but reduces investor flexibility and raises compliance risk.

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About Lehi

Lehi sits in the north end of Utah County in the U.S. state of Utah, with a population that has grown past 75,000 as the city has become one of the fastest-expanding communities along the Wasatch Front. Once a quiet agricultural town, Lehi now functions as a thriving commuter city and a hub for the technology corridor known as Silicon Slopes, with corporate campuses, master-planned neighborhoods, and a family-friendly suburban feel. It serves as a convenient gateway to Utah Lake to the south and the outdoor recreation of the Wasatch Range, and lies roughly 30 miles south of Salt Lake City along Interstate 15, about a 30-to-40-minute drive depending on traffic.

One of Lehi's most prominent draws is Thanksgiving Point, a sprawling destination that anchors the city's tourism scene. The complex includes the Ashton Gardens, the Museum of Ancient Life with its large dinosaur fossil collection, the Museum of Natural Curiosity, Farm Country, and seasonal events such as a tulip festival and holiday light displays. It sits just off I-15 in central Lehi, within about a ten-minute drive of most parts of the city.

In historic downtown Lehi, the Hutchings Museum offers a smaller, more traditional experience focused on pioneer and Western American history, with collections of Native American artifacts, minerals, and early settler memorabilia. It is a long-running local institution that gives visitors a sense of the valley's earlier days before the tech boom reshaped the region.

For outdoor recreation, Lehi is well positioned between water and mountains. Utah Lake, one of the largest natural freshwater lakes in the western United States, lies just a few minutes south of the city and offers boating, fishing, and shoreline parks. About a twenty-minute drive east leads into American Fork Canyon, where Timpanogos Cave National Monument sits high on the mountain and is reached by a popular but strenuous hiking trail. Bridal Veil Falls and the Sundance Mountain Resort are also within roughly 30 to 45 minutes of Lehi, making it easy for visitors to pair a city stay with a day in the alpine canyons.

For short-term rental owners, Lehi offers a compelling combination of year-round demand, a major in-city attraction, and quick access to some of Utah's most recognizable outdoor destinations. Its proximity to both Salt Lake City and Provo, its family-oriented visitor profile, and its central position along the I-15 corridor give it broad appeal for leisure travelers, visiting families, business travelers in the tech sector, and outdoor enthusiasts heading into the Wasatch.

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