Location: Logan, UT | Metro: Logan, UT-ID MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
U.S. Census Bureau data (2024)
The ZIP code 84338 has a population of 526, with 18.4% being renters. This indicates that the majority of residents in this area are homeowners rather than renters, suggesting that the demand for rental properties is relatively low compared to areas with higher percentages of renters.
Median household income in ZIP 84338 stands at $95,313, which is significantly higher than the Fair Market Rent (FMR) figure of $910 for the fiscal year 2024. However, without specific market rent data, it's challenging to provide an exact percentage of how much of the local income goes towards typical rent. Nonetheless, given the high median income, it can be inferred that the average rent would likely consume a smaller portion of the total income compared to lower-income areas.
When comparing the local median income to the FMR, we see that the median income is approximately 104 times greater than the FMR. This implies that the rental market in ZIP 84338 is not heavily reliant on Section 8 vouchers, as the income levels suggest a capacity to afford higher rents without subsidy assistance.
A landlord in ZIP 84338 should expect tenants who are likely employed and have stable incomes, given the overall economic status of the area. While some tenants may still use Section 8 vouchers, the number is expected to be lower due to the higher median income levels and the fact that the majority of residents are homeowners. Landlords might find that their tenant pool is more diverse, with a mix of those seeking affordable housing and others willing to pay market rates.
To conclude, ZIP 84338 is not a renter-heavy area with deep voucher demand. Instead, it is a homeowner-dominated area where the use of Section 8 vouchers is less common. The typical tenant here will likely be someone with a stable job and income, capable of paying market rents without relying on government subsidies.
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.