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 | $1,120 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,050 | $406,281 | 0.5% | F |
U.S. Census Bureau data (2024)
The Section 8 thesis in ZIP code 84319 is centered around the discrepancy between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR stands at $1190, while the Census ACS reports the market rent at $1246. This creates a gap of $56, or approximately 4.7%, between what voucher holders can pay and the going rate for rentals.
Given that the FMR is less than the market rent, landlords and small-portfolio investors must consider the financial implications of accepting housing vouchers. The difference means that landlords will be renting properties at slightly below the open-market rates, which could affect their overall yield. However, the stability and security of rental income provided by the Section 8 program can offset the lower rates, making it a viable option for some investors.
In ZIP 84319, the context includes a relatively low percentage of renters at 16.4%, indicating that homeownership is more prevalent. The median home value is $446,308, suggesting a middle to upper-middle-class residential area. With a median income of $89,189, residents have a strong economic foundation, but this also implies that a portion of the population may rely on assistance programs like Section 8 to secure affordable housing.
Landlords should weigh the benefits of guaranteed payments against the potential drawbacks of lower-than-market rental rates. Additionally, the administrative aspects of participating in the Section 8 program must be considered, including the application process for voucher holders and compliance with HUD regulations.
To summarize, the gap between the FMR and market rent in ZIP 84319 presents both opportunities and challenges for landlords. While accepting voucher tenants might result in slightly lower yields compared to market rates, the stability and predictability of rental income can provide a solid investment strategy in an area where homeownership is dominant and median incomes are robust.
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.