Logan, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Logan Neighborhoods Since 2000




Logan, UT Real Estate Data


Logan Housing Market Information

With 50,371 people, 15,839 houses or apartments, and a median cost of homes of $186,211, Logan real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Logan, accounting for 44.53% of the city's housing units. Other types of housing that are prevalent in Logan include duplexes, homes converted to apartments or other small apartment buildings ( 27.34%), large apartment complexes or high rise apartments ( 17.34%), and a few row houses and other attached homes ( 8.36%).

People in Logan primarily live in small (one, two or no bedroom) single-family detached homes. Logan has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Logan built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Logan built between 1940-1969 ( 22.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.73%). There's also some housing in Logan built before 1939 ( 12.59%).

Logan Home Appreciation Rates

Appreciation rates for homes in Logan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.38%, which ranks in the top 40% nationwide. This equates to an annual average Logan house appreciation rate of 0.99%.

Appreciation rates are so strong in Logan that despite a nationwide downturn in the housing market, Logan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Logan appreciation rates continue to be some of the highest in America, at 6.28%, which is higher than appreciation rates in 77.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Logan. Logan appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.59%.

Relative to Utah, our data show that Logan's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Logan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Logan - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Logan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$186,211

Logan, UT HOME PRICES

Value Range
> $1,140,000 0.4
$855,001 - $1,140,000 0.6
$570,001 - $855,000 0.8
$456,001 - $570,000 1.4
$342,001 - $456,000 3.6
$228,001 - $342,000 18.6
$114,001 - $228,000 62.9
$57,001 - $114,000 6.3
$0 - $57,000 5.4

Low for UT
High for Nation

Value Relative to Nation Value Relative to State
37.14938220999 78.5234899328859

Number Of Homes And Apartments:
15,839

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 39.01
Renters 60.99
Vacant 6.08

Housing Market Details

 

Age of Homes

AGE OF Logan HOMES
2000 or Newer 18.7
1970 - 1999 46.7
1940 - 1969 22.0
1939 or Older 12.6

Types of Homes

TYPE OF Logan HOMES
Single-Family 44.5
Townhomes 8.4
Small Apt. Buildings 27.3
Apt. Complexes 17.3
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Logan HOMES
No Bedroom 0.90
1 Bedroom 10.00
2 Bedrooms 34.49
3 Bedrooms 28.19
4 Bedrooms 15.79
5 or more bedrooms 10.63

Logan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.28% 1.61% 1 3
* 10 is highest