Location: Logan, UT | Metro: Logan, UT-ID MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 84339 are defined by the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment, which is set at $940 for fiscal year 2024. This SAFMR is specifically tailored for this ZIP code, reflecting the unique rental dynamics of the area.
In contrast, the local market rent for a two-bedroom unit in ZIP 84339 averages $1,198 according to the latest Census ACS data. This discrepancy highlights the difference between the government-set rates and the actual market conditions.
Landlords participating in the Section 8 program should understand how the voucher payment structure works. A tenant using a Section 8 voucher typically pays 30% of their adjusted income toward rent. For instance, if a tenant's monthly income is $1,000, they would pay $300 towards the rent. The remaining amount up to the SAFMR is covered by the housing authority. In this case, the housing authority would cover $640 of the $940 SAFMR.
Additionally, there are utility allowances to consider. These vary based on the region but generally add an extra $200-$300 to the total reimbursement. Assuming a utility allowance of $250, the total reimbursement to the landlord would be around $890 ($640 for rent plus $250 for utilities).
This means that for a two-bedroom apartment in ZIP 84339, the landlord would receive a total of $890 from the housing authority and the tenant, summing to $1,190. Given the local market rent of $1,198, this leaves a small gap of $8 per month that the landlord must absorb.
To summarize, the typical reimbursement for a two-bedroom apartment under the Section 8 program in ZIP 84339 will result in a minor surplus of $8 for landlords when compared to the average market rent. This surplus is minimal, indicating that landlords should carefully consider their costs and potential revenue when deciding to participate in the program.
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.