Real Estate Investing in Lehi, Utah (84043)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84043 (Lehi, UT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lehi, UT (84043)?
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Market Analysis: 84043 Lehi
The 84043 ZIP in Lehi, UT is a local-operator market. Outside capital chasing a $582K entry has to pair deep knowledge with the discount.
For an experienced owner, 84043 can be a a credible choice for hunting ground — but the discount at $582K reflects genuine risk that outside investors often underestimate.
The gap between 84043 and stronger Lehi ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 81,839 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 84043 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lehi:
Property Strategy for 84043
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $454,914 | $1,840 | 2.9% | +7.1% | $227,457 |
| 3BR | $487,012 | $2,560 | 3.8% | +6.0% | $162,337 |
| 4BR | $605,423 | $3,090 | 3.7% | +6.8% | $151,356 |
| 5BR | $742,051 | — | — | +7.2% | $148,410 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84043 Compare?
| Metric | 84043 | Lehi | Provo-Orem, UT | Utah |
|---|---|---|---|---|
| Home Value | $582,139 | $582,139 | N/A | $530,173 |
| 5-Year CAGR | 3.0% | 3.0% | N/A | 7.0% |
| Avg Rent | $2,331 | $2,331 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84043 (Lehi, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84043 (Lehi, UT)?
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Property managers serving Utah County
Manage rentals here? List your business →ICO Property Management constructs and oversees luxury Utah apartment communities, crafting enriching lifestyle experiences for residents across 17 locations along the Wasatch Front. summary from their website
Property Management Inc. offers residential, association, short-term, commercial, and multifamily property management services. summary from their website
Incline Property Management provides reliable property care for homeowners and investors, handling tenant screening, rent collection, maintenance, and delinquency resolution. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $582,139 |
| Monthly Rent | $2,331 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 84043
Population: 81,839
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 84043
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Lehi, UT?
Our data puts Lehi, UT at 3.0/5 for investability. Home prices of $582K and rents around $2,331/mo create a solid backdrop for investor activity.
How much should I expect to pay for a home in Lehi, UT?
Median home price in Lehi, UT is near $582K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How much do tenants pay in Lehi, UT?
Rental rates in Lehi, UT average $2,331/mo. Tenant demand and $582K home values make the yield look reasonable by investor standards.
What investment strategy works best in Lehi, UT?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lehi, UT. The numbers - $582K homes against $2,331/mo rents - support that play.
Should investors worry about vacancy in Lehi, UT?
Rental vacancy in Lehi, UT is elevated. Investors should budget normal turnover but not chronic empty units.
You know 84043 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84043 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 84043 ranks in Provo-Orem, UT
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