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)
11.1% of the population in ZIP code 84333 are renters, indicating a smaller but still significant demand for rental properties in the area. $471,679 is the median home value, suggesting a moderately priced housing market where investment opportunities can be found without breaking the bank. The Fair Market Rent (FMR) for ZIP 84333 in fiscal year 2024 is set at $1060, which is slightly below the Census-reported market rent of $1,063, implying a competitive yet fair pricing environment for landlords. The median income of $108,750 provides a benchmark for assessing the financial capability of potential tenants. Although the average days on market (DOM) is not available, the lack of data on price-cut shares suggests that the market is stable and that homes are likely selling close to their asking price. This stability is further supported by the FMR being so close to the actual market rent, making it easier for landlords to predict and manage their cash flows. For those considering Section 8 properties, the alignment between the FMR and the median income indicates a reasonable match for tenants seeking assistance through the program. The verdict on Section 8 for ZIP 84333 is positive, as the numbers suggest a viable and stable investment opportunity.
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.