Lehi is located in Utah County, just 30 miles from Downtown Salt Lake City. The community?s slogan since the early 1900s, ?Lehi is a Good Place to Live,? is apparent in the ever-increasing popularity of the area. A thriving economy based largely on local agriculture and manufacturing, as well as many other residential advantages, inflated Lehi?s population by over 10,000 in the 1990s. Currently, there are an estimated 21,500 residents. Real estate options consist of single-family detached, multi-family and historic homes, condominiums and townhouses, investment property and retirement communities. Named after a place in the Book of Mormon, Lehi is known for its extremely low crime rate and quiet, family-friendly atmosphere. A quality K-12 school district and several nearby higher education institutions, such as Brigham Young University, are available to local scholars. The I-15 freeway passes through the town and the Salt Lake City airport is less than an hour away. Outdoor activities abound, including skiing and snowboarding on the ?Greatest Snow on Earth.? A lake front home along Utah Lake is a popular choice for those looking to relocate from the hustle and bustle of city life. Many well-preserved historic buildings house Lehi?s downtown businesses, shops and eateries. Emphasizing the ?Old West? ambiance, the town?s arena holds seasonal rodeos and events. The resort communities of Thanksgiving Point and Saratoga Hot Springs play host to locals and visitors alike, with such amenities as golf courses, Olympic-size swimming pools, beautiful gardens and performing arts centers. Historically authentic, safe, friendly, convenient and exciting, Lehi has all of the right elements for an ideal quality of life.
Real estate options in Lehi consist of single-family detached homes, multi-family and historic homes, condominiums, townhouses, new construction, riverfront homes, land lots, new development, acreage, commercial property, ranches, investment property, retirement communities, farm land and horse property and historic homes. Prices start as low as $150,000 and range to around $700,000. With a wide variety of styles available, Lehi neighborhoods are appealing to students, young families, single professionals and senior citizens alike. Whether you desire a large historic home to grow old in, a family home with modern design within walking distance from an elementary school, or a townhouse with close proximity to the freeway for commuting to Salt Lake City metro area, it can be found at surprisingly affordable prices in the lovely community of Lehi.
Lehi Real Estate Stats and Trends for the week of February 28th, 2020: homes priced around $375,964 compared to $380,349 the previous week, showing a decrease of less than -1%. For Friday, February 28th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.