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 | $1,200 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,190 | $374,412 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 84332 stands out due to its unique mix of economic indicators and housing dynamics. With a population of 8,954 residents, it has a relatively low rental rate of 14.6%, indicating that most homeowners in this area prefer to own rather than rent their properties. The median income here is strong at $117,987, reflecting a community where many households have substantial financial resources. Additionally, the median home value is notably high at $509,270, suggesting that property values are robust and likely appeal to those looking for quality housing in a desirable location.
Turning to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 84332 in fiscal year 2024 is set at $1,320, which is below the market rent of $1,555 according to the latest Census American Community Survey (ACS) data. This gap between FMR and market rents can be significant for landlords, as it means that tenants using Section 8 vouchers may not cover the full cost of renting in this ZIP code. However, landlords can still benefit from the stability and government backing that these vouchers provide, even if they need to supplement the difference with additional income sources.
The data signature for ZIP 84332 reads as stable, with consistent indicators across population, income, and home values. This stability is favorable for small-portfolio investors and landlords who seek predictable returns and a reliable tenant base. Despite the slight disparity between FMR and market rents, the overall economic health of the area supports a steady investment climate, making it a viable option for those interested in Section 8 properties.
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.