Lehi, UT Airbnb Market Data, Statistics, and Occupancy Rates

Lehi Short-Term Rental Market Overview

Lehi, UT is a growing suburban market along Utah's Silicon Slopes corridor, where strong tech-sector employment and proximity to outdoor recreation create steady short-term rental demand. With 110 active Airbnb listings, an average daily rate of $137, and average annual revenue of $22,181, the market offers moderate income potential — though elevated home values near $800K mean investors need to be selective about deal sourcing. Occupancy stability scores above average, suggesting reliable booking patterns even if the revenue-to-price ratio remains tight.

Key Market Statistics

According to Rabbu market data, the Lehi short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Lehi

Lehi attracts investor attention thanks to its tech-driven economy, proximity to outdoor attractions, and above-average occupancy stability that cushions against seasonal dips.

Expert Market Assessment

"Lehi represents a competitive opportunity rather than a slam-dunk: the ROI score of 39 out of 100 reflects strong investor interest and decent demand offset by elevated property prices and a tightening supply-demand balance. Seasonality is pronounced — July peaks at $2,715 in average monthly revenue while February dips to $1,399 — so cash-flow planning should account for roughly a 2× swing between high and low months. Investors targeting larger properties can mitigate some of this compression; 5-bedroom units average $50,609 annually, more than five times what 1-bedroom listings generate. Careful property selection and competitive pricing will be key differentiators in this market."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Lehi

Average revenue by month in Lehi

Lehi's revenue peaks sharply in summer, with July topping out at $2,715 and August close behind at $2,533, while February marks the annual low at $1,399. This nearly 2× seasonal swing means investors should budget for meaningful income variation and may want to build reserves during peak months to cover slower winter periods.

Active Airbnb listings by property size in Lehi

Three-bedroom listings lead supply with 32 active units, followed closely by 1-bedroom (29) and 2-bedroom (22) properties, while 4-bedroom (15) and 5-bedroom (9) homes are comparatively scarce. The limited supply of larger properties, combined with their higher revenue potential, could signal an opportunity for investors willing to enter the 4- or 5-bedroom segment.

Average daily rate (ADR) by property size in Lehi

ADR climbs steadily from $63 for 1-bedroom units to $252 for 5-bedroom homes, with a notable jump between 2-bedroom ($147) and 4-bedroom ($190) listings. The premium for larger properties is substantial, and 5-bedroom homes command rates roughly 4× those of 1-bedroom units, suggesting strong group and family travel demand.

Average RevPAN by property size in Lehi

Revenue per available night increases markedly with property size — 5-bedroom listings deliver $124 in RevPAN compared to just $24 for 1-bedroom units. Even after accounting for occupancy differences, the 4-bedroom ($79) and 5-bedroom segments clearly outperform, making them the most efficient revenue generators on a per-night basis.

Average occupancy rates by property size in Lehi

Occupancy rates are relatively consistent across sizes, ranging from 39% for 1-bedroom listings to 49% for 5-bedroom homes. The 5-bedroom segment's 10-percentage-point advantage over smaller units translates directly into better cash-flow reliability, reinforcing the case for larger properties in this market.

Average monthly revenue by property size in Lehi

Monthly revenue scales dramatically with size: 1-bedroom units average $794 per month while 5-bedroom homes generate $4,217 — more than five times as much. The 3-bedroom segment at $2,050 per month represents a solid middle ground for investors seeking moderate revenue without the higher acquisition costs of larger properties.

Average annual revenue by property size in Lehi

At the top end, 5-bedroom properties average $50,609 in annual revenue, followed by 4-bedroom units at $34,867 — both meaningfully above the market-wide average of $22,181. One-bedroom listings at $9,539 annually may struggle to justify acquisition costs given Lehi's elevated home values, pushing the strongest return potential toward larger configurations.

Most common amenities for Airbnb listings in Lehi

Kitchen (97%), parking (96%), and in-unit laundry (93–94%) are near-universal, reflecting guest expectations in a suburban family-oriented market. Differentiating amenities like hot tubs (13%), pools (8%), and pet-friendliness (26%) are far less common, offering potential competitive advantages for hosts who add them.

Understanding Lehi's ROI Score: 39/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Lehi's ROI score of 39 out of 100 places it in the 'Competitive Opportunity' band, meaning demand and investor interest are present but elevated home prices and a below-average revenue-to-price ratio require disciplined property selection. The above-average occupancy stability is a meaningful positive — it suggests that bookings hold up relatively well across seasons — while the below-average supply/demand balance indicates the market is seeing more competition among hosts. Pairing these data points with on-the-ground regulatory research and neighborhood-level deal analysis will be essential for identifying properties that can outperform the market averages.

Short-Term Rental Regulations in Lehi

Understanding local STR regulations is essential before investing in Lehi. Here's the current regulatory landscape:

Permit Requirements

Lehi, Utah may require short-term rental operators to obtain a business license or STR permit before listing a property. Investors should verify current permit and registration requirements directly with the City of Lehi and the State of Utah, as rules can change.

Key Restrictions

Common restrictions in Utah markets include occupancy limits per bedroom, minimum-stay requirements, noise and nuisance ordinances, parking provisions for guests, and HOA covenants that may restrict or prohibit short-term rentals altogether. It's important to review any applicable homeowner association bylaws before purchasing.

Tax Obligations

Short-term rental hosts in Utah are generally subject to state sales tax, county transient room tax, and any applicable local tourism levies. Major booking platforms often collect and remit some of these taxes on behalf of hosts, but owners should confirm their full obligations with the Utah State Tax Commission.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Lehi can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Lehi's short-term rental market is expected to follow its established seasonal pattern, with summer months (June–August) driving the strongest performance and winter months settling into a softer but still productive baseline. ADR may inch up 1–3% as the local economy continues to expand, though supply growth — listings were at 98% of prior-year levels — could moderate per-listing gains if new inventory enters faster than demand. Occupancy rates are estimated to hold in the low-to-mid 40% range market-wide, with larger properties likely maintaining a slight edge. Investors who target 4- and 5-bedroom configurations should find the most favorable revenue-to-cost dynamics in the near term."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Lehi, UT

What is the average Airbnb occupancy rate in Lehi?

The average occupancy rate for Airbnb listings in Lehi is currently 42%, which matches the Utah state average. Occupancy varies by property size, ranging from 39% for 1-bedroom units up to 49% for 5-bedroom properties, indicating that larger homes tend to stay booked more consistently.

How much do Airbnb hosts make in Lehi?

Airbnb hosts in Lehi earn an average of $1,848 per month and roughly $22,181 per year based on trailing 12-month booking data. Earnings scale significantly with property size — 1-bedroom listings average $9,539 annually while 5-bedroom properties bring in approximately $50,609 per year.

Is Lehi a good market for Airbnb investment?

Lehi scores a 39 out of 100 on Rabbu's ROI Score, categorized as a 'Competitive Opportunity.' The market benefits from above-average occupancy stability and average growth trends, but higher property prices (averaging ~$800K) compress the revenue-to-price ratio. Investors who source deals carefully — particularly in the 4- or 5-bedroom segment — can find attractive returns, but it's not a market where any property will perform well automatically.

What is the average daily rate (ADR) for Airbnb in Lehi?

The average daily rate in Lehi is $137, which is well below the Utah state average of $494 — reflecting that Lehi is a suburban market rather than a resort destination. ADR scales with property size from $63 for 1-bedroom listings up to $252 for 5-bedroom homes.

Are short-term rentals legal in Lehi?

Short-term rentals operate in Lehi, UT, but hosts may need to obtain proper permits or business licenses from the city. Regulations can change, so investors should check with the City of Lehi and review any applicable HOA rules before purchasing a property intended for short-term rental use.

When is peak season for Airbnb in Lehi?

Peak season in Lehi runs from June through August, with July being the strongest month at $2,715 in average revenue. The slowest months are February ($1,399) and November ($1,437). This roughly 2× spread between peak and off-peak months means investors should plan for notable seasonal variation in income.

How many Airbnbs are there in Lehi?

There are currently 110 active Airbnb listings in Lehi as of April 2026. The supply is fairly distributed across property sizes, with 3-bedroom units being the most common (32 listings), followed by 1-bedroom (29) and 2-bedroom (22) properties.

How is Airbnb revenue calculated in Lehi?

The annual and monthly revenue figures for Lehi are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results into a market-level historical average. Because each month uses its own historical data, seasonal peaks (like July at $2,715) and slower periods (like February at $1,399) are naturally reflected. Individual results can vary based on property quality, pricing strategy, and how well the listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rate, occupancy, and RevPAN trends across property configurations
• Historical monthly and annual revenue metrics based on trailing 12-month booking data
• Local home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data reflecting current listing features in the market

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing performance and market conditions that may have shifted since the last update. Local regulations, HOA restrictions, and tax obligations vary and should be independently verified before investing.