Location: Logan, UT | Metro: Logan, UT-ID MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
U.S. Census Bureau data (2024)
24.0% of residents in ZIP code 83232 are renters, indicating a significant portion of the population relies on rental housing. This percentage aligns well with the $1010 Fair Market Rent (FMR) for zip code 83232 as of fiscal year 2024, which is the benchmark used by the Housing Choice Voucher program, commonly known as Section 8. The $1010 FMR reflects the average gross rent for a standard unit in the area, making it a crucial figure for landlords and small-portfolio investors to consider when setting their own rental rates.
$86,302 stands as the median income for the area, providing insight into the economic status of the residents. While this income level is relatively stable, it's important to note that the N/A market rent and N/A median home value suggest limited data availability for these metrics, possibly due to a lack of recent transactions or listings. However, the absence of such data does not necessarily indicate a negative trend; it could simply mean that the real estate market in this region is less active compared to others.
The N/A-day DOM (Days on Market) and N/A% price-cut share further highlight the scarcity of comprehensive real estate transaction data for ZIP code 83232. These figures typically help investors gauge the speed at which properties sell and the frequency of price reductions, but in this case, they provide no additional insights. It's advisable for investors to seek out more detailed local market reports or consult with real estate professionals to better understand the dynamics of the rental market in this area.
In conclusion, the $1010 FMR for ZIP code 83232 is a key consideration for landlords and small-portfolio investors. With 24.0% of the population renting and a median income of $86,302, there is a solid base of potential tenants who could benefit from the Section 8 program. However, the limited data available for market rent and median home values means that investors should proceed with caution and seek additional information before making any investment decisions. The verdict for Section 8 in ZIP 83232 is cautiously positive, contingent upon further market analysis.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.