Location: Logan, UT | Metro: Logan, UT-ID MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $336,357 | 0.33% | F |
| 3BR | $1,560 | $403,339 | 0.39% | F |
| 4BR | $1,880 | $466,430 | 0.4% | F |
| 5BR | $2,181 | $575,769 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 83263, located in Preston, ID, falls within the Logan, UT-ID Metropolitan Statistical Area (MSA). To analyze its position within this metro area, we can compare its specific figures to those typically found in other ZIP codes within the Logan MSA.
The Fair Market Rent (FMR) for ZIP 83263 is set at $910 for the fiscal year 2024. This figure is higher than the market rent of $810, indicating that the government's estimate of what is considered fair rent is slightly above the actual rental rates in the area. This suggests that while rents are not excessively high, they are still competitive within the region.
The median home value in ZIP 83263 is $429,922. This is a significant figure when considering the overall housing market within the Logan MSA. If the average home value across the MSA is higher, then ZIP 83263 could be seen as a more affordable option for both homeowners and renters. Conversely, if the average home value is lower, it might indicate that this ZIP is somewhat more expensive relative to its peers.
The renter share in ZIP 83263 stands at 24.4%. This percentage is relatively low compared to many urban areas but must be evaluated against the average renter share within the Logan MSA. A higher-than-average renter share could suggest a greater demand for rental properties, which might be beneficial for landlords and small-portfolio investors.
To determine whether ZIP 83263 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Logan MSA, we need to look at the comparative figures. The FMR being higher than the market rent, combined with a below-average home value, points towards a potentially attractive location for Section 8 tenants. This divergence—high FMR and below-metro home values—often signals a sweet spot for Section 8 properties, as it balances affordability with government-subsidized rent levels.
Given these figures, ZIP 83263 appears to be a value pocket within the Logan MSA, offering a mix of affordability and government support that could make it particularly appealing to landlords who cater to Section 8 tenants. However, without additional data on the average FMR, market rent, and renter share across the entire MSA, this assessment remains based on the specific figures provided.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.