Utah · Provo-Orem-Lehi, UT metro area

Buying a home in Lehi, Utah

In Lehi, the median value of owner-occupied homes is $612,100, Utah County's effective property tax rate is 0.44%, a purchase mortgage carried a median $8,784 in total loan costs in 2025, and median gross rent is $1,964 a month.

Data as of : Census ACS 2020-2024, Census Vintage 2024, HMDA 2025, HUD FY 2027. Sources

Lehi home costs, fact by fact

About Lehi

Lehi lies in the Provo-Orem-Lehi, UT metro area, ranked 81st nationally. Owner-occupied homes make up 75.2% of the total, and median gross rent is $1,964 a month.

Reading the Lehi figures

Lehi's owner-estimated median value of $612,100 is above the Utah statewide median of $543,400. South Jordan reports a higher $650,500, Sandy shows $614,100, and Salt Lake City is lower, with $539,500, so Lehi lands near the top of the cities named here. Values are owners' estimates, not sale prices.

With 75.2% of homes owner-occupied, Lehi looks like Sandy and sits below South Jordan's 81.4%, while West Jordan reports 77.2% and Provo only 39.4%. Median gross rent of $1,964 is higher than Provo's $1,193 and Orem's $1,438, yet HUD's Fair Market Rent for a mid-sized apartment in the Provo-Orem-Lehi area is only $1,363 and its larger-unit figure $1,887. Both are benchmarks and not market medians, and in Lehi the local median gross rent runs above them.

Owners in the county pay $2,370 in property tax each year, an effective rate of 0.44% on the typical county home, valued at $538,700. That rate is low for a place with values this high, and the dollar bill follows from it. Borrowers paid fees and points of $8,784 at the middle in Utah County in 2025, and the central band ran from $4,631 to $13,884, across 8,776 purchase loans counted; buyers should compare lender estimates rather than rely on the median. Sandy's rent of $1,777 and South Jordan's $1,991 give the nearest comparison.

Calculate for Utah

If you buy

Utah state transfer tax

Utah has no real estate transfer tax. Change the price: the amount is recalculated instantly.

Price$543,400
State transfer tax$0
Share of the price—

Default price: the Utah median value of owner-occupied homes, $543,400 (Census ACS 2025). Rule: No tax is calculated on the price. The recording fee is flat per instrument. Who pays: No transfer tax. The recording fee is owed by whoever submits the document; the state purchase contract does not assign recording fees, so closing instructions and the loan decide. Not included: county and city transfer taxes, recording fees, title insurance and lender charges. Utah transfer tax guide · all 50 states.

If you sell

Capital gain and the federal tax on it

Same federal rule in every state: Section 121 of the Internal Revenue Code excludes up to $250,000 of gain on a main home ($500,000 for a married couple filing jointly).

Capital gain$350,000
Section 121 exclusion$250,000 (limit $250,000)
Taxable gain$100,000
Type of gainLong-term (owned over 1 year), 15% chosen
Federal tax on the gain$15,000

Section 121 excludes $250,000; the rest is taxable.

Gain = sale price minus your adjusted basis (purchase price, buying costs and improvements); selling expenses reduce it (IRS Publication 523). Long-term rates for sales in 2026, by taxable income including the gain (IRS Rev. Proc. 2025-32, section 4.03): 0% up to $49,450 single or $98,900 married filing jointly, 15% up to $545,500 single or $613,700 jointly, 20% above. Not included: Utah state income tax on the gain (not computed), the net investment income tax, depreciation recapture on a rental or home office, and the reduced exclusion for an early sale. Agent commissions are negotiated and never set by law. Capital gains on a home sale.

Questions about buying a home in Lehi

How much is property tax in Lehi?

Homeowners in Utah County pay a median $2,370 a year in property tax, 0.44% of the county median home value of $538,700 (Census ACS 2020-2024). Your bill depends on your assessed value and local rates.

What are closing costs on a mortgage in Lehi?

Home-purchase mortgages in Utah County carried median total loan costs of $8,784 in 2025; half of the 8,776 loans fell between $4,631 and $13,884 (HMDA). Total loan costs are the lender and settlement-service charges of the Closing Disclosure; transfer taxes and prepaid items come on top.

Is there a transfer tax when you buy a home in Lehi?

Utah has no state transfer tax in the official sources read. Recording a deed costs a flat $40 per document under Utah Code 17-71-407, and Utah is a non-disclosure state where deeds do not state the sale price.

Is it cheaper to rent or buy in Lehi?

It depends on your mortgage rate, down payment and how long you stay. As a benchmark, the median value of owner-occupied homes in Lehi ($612,100) equals 26 years of the median gross rent ($1,964 a month), both from Census ACS 2020-2024.

Run your own numbers: rent vs buy calculator · closing costs calculator.

Utah rules that apply in Lehi

Other large cities in Utah

Who licenses each trade in Utah · All covered cities

Sources

Utah · All states · Federal guides