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)
The ZIP code 83283 presents an interesting scenario for both renters and landlords. Given the median income is listed as N/A, it's challenging to determine the average household's ability to afford the market rate rent, which is also listed as N/A. However, we can analyze the situation based on the available data.
The Fair Market Rent (FMR) for ZIP 83283 in fiscal year 2024 is set at $910. This figure represents the voucher payment standard, indicating that a household receiving a Section 8 voucher would be able to pay up to $910 per month towards rent. In comparison to the unknown market rate, this suggests a potential affordability gap if the market rate exceeds the FMR.
With only 0.0% of the population being renters and a total population of 185, the competition among landlords in this area is minimal. The low percentage of renters implies that most residents own their homes, possibly due to the lack of rental options or the high cost of renting relative to homeownership. This could mean that landlords who do offer rentals have less competition but also face challenges in finding tenants willing to pay market rates.
For landlords considering whether to accept Section 8 vouchers or focus on cash-paying tenants, the decision should be informed by the local rental market dynamics. If the market rate is indeed higher than $910, then accepting vouchers might limit the pool of potential tenants to those who qualify for assistance. Conversely, if the market rate aligns closely with or is below the FMR, then landlords may find that voucher holders represent a significant portion of the rental market.
The takeaway: Landlords in ZIP 83283 must carefully consider the local rental landscape. With limited data on median income and market rate rents, landlords should assess the feasibility of setting rents close to the FMR of $910 to attract a broader range of tenants. This approach may help fill vacancies in an area where the rental market is already thin.
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.