The story of this market
The typical home in ZIP 84043 sells for about $653,000, or $225 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 84043 — Lehi
The 84043 housing market remains strong, driven by high demand from the tech-sector workforce and limited inventory. While prices have seen a slight year-over-year adjustment, the area's economic momentum and high median income continue to support stable property values.
This ZIP is ideal for families and tech-sector professionals seeking proximity to major employment hubs, high-quality schools, and a suburban lifestyle with modern amenities.
Median prices moved down 2.1% year over year.
Homes spend a median of 52 days on market with 3.9 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 5.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 84043, Utah
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Alpine School District, which generally maintains high performance ratings and is characterized by strong community support and academic focus.
The region faces moderate wildfire risk in peripheral areas and standard seismic considerations common to the Wasatch Front.
Lehi is a major hub for the 'Silicon Slopes' tech corridor, featuring significant corporate campus development and rapid infrastructure expansion to support high-tech employment growth.
Property taxes are assessed by Utah County based on fair market value, with rates determined by local taxing entities including school districts and municipal services.
Residents primarily commute via I-15, which serves as the main artery connecting the area to employment centers in Provo, Orem, and Salt Lake City.
The area features extensive trail systems, proximity to Utah Lake, and numerous community parks, alongside significant retail and dining developments near the Thanksgiving Point area.
The rental market is robust due to high demand from tech-sector employees, with a mix of single-family rentals and new multi-family developments.
The economy is anchored by the technology sector, with numerous software and tech companies establishing headquarters in the area, driving high income levels and employment growth.
The area is heavily reliant on I-15 for regional transit, with ongoing efforts to improve public transit connectivity through UTA bus and FrontRunner commuter rail access.
Significant ongoing development of mixed-use projects and high-density residential housing to accommodate rapid population growth.
Parcels are subject to Alpine School District taxes and various municipal service districts.
Property insurance premiums are influenced by regional wildfire and seismic risk factors.
Data retrieved from Census Reporter and ACS 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major destination featuring gardens, museums, and golf.
Extensive paved trails for cycling and walking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.