Section 8 Fair Market Rent (FMR) for ZIP 84341 - 2027

Location: Logan, UT | Metro: Logan, UT-ID MSA

Investment Score for ZIP 84341

Monthly Rent (2BR)

$1,310

Median Price (2BR)

$299,801

1% Rule

0.44%

Annual Yield

5.24%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,000
2 Bedrooms	$1,310
3 Bedrooms	$1,810
4 Bedrooms	$2,180
5 Bedrooms	$2,529
6 Bedrooms	$2,832
7 Bedrooms	$3,059
8 Bedrooms	$3,212

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,310	$299,801	0.44%	F
3BR	$1,810	$360,238	0.5%	F
5BR	$2,529	$659,324	0.38%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

25,560

Median Household Income

$69,310

Housing Units

9,354

Renter Percentage

56.1%

Occupancy Rate

96.6%

Renter Occupied

5,068

The ZIP code 84341, located in North Logan, Utah, is a growing residential area that offers both stability and potential growth opportunities for real estate investors. Nestled in Cache County, it benefits from proximity to Utah State University and the economic activities associated with higher education institutions.

The Fair Market Rent (FMR) for ZIP 84341 in fiscal year 2024 is set at $1,120, providing a benchmark for rental rates in the area.
The actual market rent, as measured by Zillow's ZORI index, stands at $1,422, indicating that the local rental market exceeds the FMR.
The median home value in the area is $469,876, reflecting the overall housing market's health and affordability.
Renters make up 56.1% of the population, showing a strong demand for rental properties.
The median household income is $69,310, suggesting that residents have sufficient financial means to support rental costs or mortgage payments.

The data points indicate that North Logan presents a favorable environment for real estate investment, particularly in rental properties. With a significant portion of the population renting and a median home value that is moderate compared to larger urban areas, the area offers good potential for steady returns. The market rent exceeding the FMR suggests that there is room for competitive pricing, which can benefit landlords. Additionally, the median income supports the ability of tenants to meet higher rental costs, further enhancing the investment appeal. However, investors should remain vigilant about local market dynamics and trends to ensure continued success.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.