Location: Logan, UT | Metro: Logan, UT-ID MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
The classification of ZIP 84318 on the yield and stability axes reveals a market that leans towards providing steady cash flow rather than high-yield, low-stability opportunities.
On the yield axis, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,040, which is notably lower than the market rent of $1,273. This indicates that while landlords can expect to collect slightly above the FMR from tenants, the overall yield is not exceptionally high when considering the median home value of $572,824. The gap between the FMR and market rent suggests a moderate upside potential but does not indicate a high-yield environment typical of a 'flip-style' market.
Moving to the stability axis, the percentage of renters at 9.1% is quite low, which implies a smaller pool of potential tenants compared to areas with higher rental percentages. However, the median household income of $113,194 provides a strong financial cushion for those renting, indicating that the tenants who do rent are likely to be financially stable and able to meet their rent obligations consistently. The lack of available data on days on market (DOM) makes it difficult to assess how quickly properties might turn over, but the high median income supports a hypothesis of relatively stable tenancy.
Given these figures, ZIP 84318 appears to offer a balance between yield and stability, favoring steady cash flow over speculative high-yield investments. Landlords and small-portfolio investors should anticipate a moderate return on investment, driven by rents slightly above the FMR, and benefit from a relatively stable tenant base due to the high median income. This makes the area suitable for those seeking consistent, reliable rental income without the risks associated with highly volatile markets.
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.