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These days, finding an affordable place to live in the Lehi area can be challenging. Home prices in Lehi are now at a median cost of $594,230, higher than the Utah average of $525,914.
The average cost of rent is $2,055/mo in Lehi, primarily driven by the current value of real estate in the Lehi area. In Lehi, 25.46% of households rent, and 16.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lehi is $11,034 per month. Households that rent pay about 18.62% of their income on rent here. Lehi’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Highland, UT: higher priced homes
- American Fork, UT: equally priced homes
- Saratoga Springs, UT: equally priced homes
- Alpine, UT: higher priced homes
- Cedar Hills, UT: higher priced homes
- Bluffdale, UT: higher priced homes
- Draper, UT: higher priced homes
- Eagle Mountain, UT: equally priced homes
- Pleasant Grove, UT: less expensive homes
- Riverton, UT: equally priced homes
Cities with Similar Populations
- Binghamton, NY: less expensive homes
- Redlands, CA: equally priced homes
- Anderson, IN: less expensive homes
- Lacey, WA: less expensive homes
- Wake Forest, NC: less expensive homes
- Utica, NY: less expensive homes
- Union City, CA: higher priced homes
- Tonawanda, NY: less expensive homes
- Rockville, MD: higher priced homes
- Rocklin, CA: higher priced homes
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