LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,340
Monthly Cash Flow
-$700
Principal + Equity
$3,238
Annual Total Gain
$30,451
Cash on Cash
-8.68%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Live in Utah
#57out of 154 markets
Most Diverse Places to Live in Utah
#51out of 154 markets
Best Places for Young Professionals in Utah
#32out of 154 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Logan, UT.
In Logan, UT, Short Term Rentals (STRs) are regulated by the city's zoning ordinances and licensing requirements. Here are some key regulations that an investor should be aware of before purchasing a property for STR in Logan:
1. Zoning regulations: Logan has specific zoning regulations that dictate where STRs are allowed to operate within the city. Investors should check the zoning of the property they are interested in to ensure that it is zoned for short term rentals.
2. Licensing requirements: In Logan, STR operators are required to obtain a business license from the city in order to legally operate their rental property. Investors should be aware of the application process and any fees associated with obtaining a business license for their STR.
3. Occupancy limits: Logan has occupancy limits for STRs, which dictate the maximum number of guests that can stay in a rental property at any given time. Investors should ensure that their property complies with these occupancy limits to avoid any potential fines or penalties.
4. Safety and health regulations: Logan has regulations in place to ensure the safety and health of guests staying in STRs. Investors should be aware of these regulations and make any necessary updates or improvements to their property to comply with safety and health standards.
5. Taxation: Logan imposes lodging taxes on STRs, which must be collected and remitted by the property owner. Investors should be aware of their tax obligations and ensure that they are in compliance with all tax regulations.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a Short Term Rental in Logan, UT before purchasing a property for this purpose. Failure to comply with these regulations could result in fines, penalties, or even the shutdown of the rental property.
Market Trends Over Time
Explore 25 years of market data for Logan, UT, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Logan, UT.
The LTR Genie Score of Logan, UT is 86 and STR Genie Score is 66, indicating a very high and high rating respectively. The high LTR Genie Score can be attributed to the strong LTR Net ROI of 31.47% and very high LTR Rentability, while the slightly lower STR Genie Score may be due to the lower STR Net ROI of 34.68%. The 1-Year Price Appreciation Forecast of 2.2% suggests potential growth in property values.
Logan, UT is a growing market with a diverse economy driven by education, healthcare, and manufacturing industries. The presence of Utah State University attracts students and faculty members, creating a steady demand for rental properties.
Considering the high LTR Genie Score and stable rental market, Logan, UT appears to be an attractive option for long-term rental investment. However, investors may also explore short-term rental opportunities given the moderate STR Genie Score and potential for higher returns. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals could be beneficial in maximizing returns in the Logan, UT market.
