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 | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,900 | $404,957 | 0.47% | F |
| 4BR | $2,280 | $478,062 | 0.48% | F |
| 5BR | $2,645 | $575,389 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 84335 has a population of 16,210 residents, with 19.6% being renters. This indicates that the majority of the population in this area are homeowners rather than renters, suggesting that the demand for rental properties, especially those supported by Section 8 vouchers, is relatively low compared to areas with higher percentages of renters.
The median household income in 84335 is $97,979, which provides context for the affordability of housing. The market rent for the area is $1,341, which represents approximately 13.7% of the median household income. This percentage suggests that typical rent is reasonably affordable for most households in the area.
Comparing the market rent to the Fair Market Rent (FMR) of $1,150 for fiscal year 2024, it's evident that the market rent in 84335 exceeds the FMR by about $191. This discrepancy means that landlords might find it challenging to attract tenants who solely rely on Section 8 vouchers, as the vouchers may not cover the full cost of renting in this market.
In terms of tenant profiles, landlords in 84335 can expect a mix of tenants who are either fully self-sufficient or partially dependent on financial assistance. Given the relatively high median income and the fact that only 19.6% of the population are renters, landlords should prepare for a scenario where Section 8 vouchers are less prevalent. Tenants here will likely have additional sources of income or support beyond just the voucher amount to meet the higher market rents.
To conclude, 84335 is not a renter-heavy ZIP code with deep voucher demand. It is an area where homeownership is more common, and landlords must consider the limited utility of Section 8 vouchers due to the higher market rents compared to the FMR. Expect tenants who are capable of contributing above the voucher amount towards their housing costs.
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.