Section 8 Fair Market Rent (FMR) for ZIP 83237 - 2027

Location: Logan, UT | Metro: Logan, UT-ID MSA

Investment Score for ZIP 83237

N/A

Monthly Rent (2BR)

$1,380

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,050
2 Bedrooms	$1,380
3 Bedrooms	$1,910
4 Bedrooms	$2,290
5 Bedrooms	$2,656
6 Bedrooms	$2,975
7 Bedrooms	$3,213
8 Bedrooms	$3,374

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,910	$368,805	0.52%	F
4BR	$2,290	$475,812	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,567

Median Household Income

$86,053

Housing Units

516

Renter Percentage

21.3%

Occupancy Rate

98.4%

Renter Occupied

108

The ZIP code 83237, located in Meridian, Idaho, offers a stable real estate market with a mix of rental and homeownership opportunities. The area is characterized by a moderate cost of living and a growing population, making it attractive for both landlords and small-portfolio investors.

Fair Market Rent (FMR): The FMR for ZIP 83237 is set at $1,120 for the fiscal year 2024, providing a benchmark for rental pricing that landlords should consider when setting rates.
Market Rent: According to Census ACS data, the average market rent in the area is $1,371, indicating that landlords can potentially charge above the FMR if their properties meet certain quality standards.
Median Home Value: The median home value in ZIP 83237 stands at $423,903, reflecting a middle-class neighborhood where homeownership is feasible but requires careful financial planning.
Renter Share: Renter share in the area is 21.3%, suggesting a significant portion of the population prefers renting over owning, which can be beneficial for landlords looking to fill vacancies.
Days on Market (DOM): The data does not provide a specific day DOM figure, which could indicate either a balanced market or a lack of recent sales data to accurately assess the time it takes to sell a property.
Median Income: With a median income of $86,053, residents have the financial capability to afford higher rents or mortgage payments, supporting a robust real estate investment environment.

In summary, ZIP 83237 presents a favorable market for real estate investments, particularly for rentals. Landlords can leverage the Fair Market Rent of $1,120 and aim for the higher market rent of $1,371. The median home value of $423,903 indicates a stable housing market, while the 21.3% renter share suggests steady demand for rental properties. Investors should also note the strong local economy, supported by the median income of $86,053, which underpins the ability of residents to meet higher rental costs. Despite the lack of specific days on market data, the overall economic health and rental dynamics of the area make it a reliable choice for those interested in real estate investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.