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Investment Properties for Sale in Highland, Utah
Highland sits in a sweet spot of northern Utah County — Lone Peak rising to the east, Silicon Slopes employers ten minutes south in Lehi, and the Alpine School District boundaries that pull steady tenant demand from families who want top-rated schools without committing to a purchase. For investors, that combination matters: Highland isn't a high-cash-flow market like parts of Ogden or West Valley, but it has produced consistent appreciation for two decades, and rental vacancy stays low because the same job growth fueling Adobe, Ancestry, and the Point of the Mountain tech corridor keeps qualified renters circulating through. Most investment activity here centers on single-family rentals in subdivisions off SR-92 and 11000 North, basement apartment setups in newer two-story builds, and the occasional value-add on an older home near Lone Peak High.
Underwriting Highland correctly means knowing the local rules. Short-term rentals are tightly restricted by the city, accessory dwelling units require specific permitting, and the non-primary-residence property tax rate is significantly higher than what owner-occupants pay — a detail that catches first-time Utah investors off guard. Lot sizes tend to be larger than neighboring Lehi or Saratoga Springs, which limits density plays but supports resale value when you exit. Listings move quickly when priced right, especially anything under $800K with a finished basement or separate entry. Browse the active listings below to see what's currently on the market in Highland.
May 2026 · Highland market
Live from the Utah MLS — what's actually happening in Highland right now.
Median sale
$850,000
23 closed in May 2026
Median DOM
13 days
listing → contract
Sale-to-list
97.7%
of final list price
Unsold inventory
78
active + pending
8 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Highland.
What kinds of investment properties actually exist in Highland? ▾
Most opportunities here are single-family rentals in established neighborhoods like Highland Oaks, Country French Estates, and the homes north of SR-92 toward Alpine. You'll occasionally see a basement apartment setup or a home with a legal accessory dwelling, but Highland's zoning leans residential with large lots, so true multi-family product is rare. Land holds, fix-and-flips on older Lone Peak-area homes, and long-term rentals make up the bulk of investor activity.
Does Highland allow short-term rentals like Airbnb? ▾
Highland City restricts short-term rentals in residentially zoned areas, and nightly rentals are not a green light here the way they are in Park City or St. George. Most investors run 12-month leases. Always confirm the current ordinance with Highland City before underwriting a property on STR assumptions.
What kind of rent can a Highland single-family home command? ▾
Four-bedroom homes in Highland typically rent in the $2,800–$4,200 range depending on size, finishes, and whether the basement is finished or set up as a separate living space. Demand comes from Silicon Slopes professionals at Adobe, Ancestry, and the Lehi tech corridor about 10 minutes south, plus families wanting Alpine School District without the Alpine price tag.
Are basement apartments legal as rentals in Highland? ▾
Highland permits accessory apartments under specific conditions — owner-occupancy, parking, and permitting through the city are typical requirements. A finished basement with a kitchen isn't automatically a legal rental unit. Verify with Highland's planning department and ask the seller for any accessory apartment permits before you assume two income streams.
How do property taxes and HOAs affect investor returns here? ▾
Utah County property taxes run roughly 0.55%–0.65% of assessed value, but non-primary residences lose the 45% residential exemption, which effectively pushes the rate closer to 1%. That swing is the single biggest underwriting mistake new investors make in Highland. HOA fees vary — some Highland subdivisions have none, others run $40–$150 monthly.
Is Highland a better appreciation play or cash-flow play? ▾
Honestly, appreciation. With median sale prices typically in the high $700s to low $900s and rents capped by what Utah County tenants will pay, cap rates here are tight. Investors usually buy Highland for long-term equity growth tied to Silicon Slopes job expansion, top-ranked Alpine District schools, and limited buildable land between Lone Peak and the Jordan River.