Rent vs buy in Logan, UT
In Logan, Utah, the typical rent is $1,368 /mo and the typical home costs $391,505.
Renting costs $30k less over 7 years
Logan's typical rent and home value form the basis, with a 20% down payment and today's mortgage rate included. You reach the break-even point in year 12.
Estimates, not quotes, with the math shown and the opinion clearly labelled. If you change a number, the stamp changes.
- Renting leads by
- $30k after 7 years
- Break-even point
- In year 12 when owning catches up
- Full cost of ownership
- $3,225 /mo year 1, against $1,368 rent
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Logan's typical rent and home value are used in the stamp. Your rent, price and years can change the result.
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In Logan, is renting or buying cheaper?
Across 7 years, renting saves $29,984 after including the money returned to you when you sell. For the first 11 years, renting is cheaper. By year 12, owning catches up.
Rent option. Home ownership. For each year, this shows the net cost to date.
Average rent compared with mortgage payments in Logan
At Logan's typical price, this lists every monthly cost for year 1. Rent and mortgage payments don't tell the whole story.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,368 | All of it, every month |
| Mortgage payment | $2,134 | $1,881 of it is interest in year 1 |
| Property tax | $150 | 0.46% of the value a year |
| Insurance | $68 | Census median for the city |
| Upkeep | $326 | 1% of the value a year |
| Owning, cash out | $2,679 | $253 of it builds equity |
| Lost return on the down payment | $636 | Annual earnings on the cash at 8.3% |
| Buying costs, spread out | $163 | 3.5% of the price over 7 years |
| True cost of owning | $3,225 | Cash paid out, minus equity, plus both items listed above |
Logan verdict explained by the numbers
- Typical home valueZillow ZHVI, September 2026
- $391,505
- Typical rentZillow ZORI, September 2026
- $1,368 /mo
- Down payment20% avoids private mortgage insurance, which the engine does not model
- 20%
- Mortgage rateFreddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Home price growthFHFA house price index, Utah, 1995 to 2025
- 5.1% a year
- Rent growthCPI rent of primary residence, yearly growth 2006 to 2026
- 3.5% a year
- Return on savings60% S&P 500 with dividends and 40% 10-year Treasuries, rebalanced yearly, 1928 to 2025
- 8.3% a year
- Property taxCensus ACS 2020-2024, Logan
- 0.46% of value
- Home insuranceCensus ACS 2020-2024, Logan
- $68 /mo
- MaintenanceFannie Mae, low end of 1% to 4%
- 1% of value a year
- Buying costsFreddie Mac, middle of 2% to 5%
- 3.5% of price
- Selling costsAgent commission plus closing costs
- 6% of price
What would change the Logan result?
Each line shows where the 7-year Logan result changes, while everything else stays the same.
Renting is the better choice when
- With Utah's long-run rate of 5.1% used here, home prices need to grow slower than 6.0% a year.
- For this outcome, the mortgage rate needs to remain above 5.88%.
- A similar home rents for less than $1,690 each month. The typical rent here is $1,368.
- Your move comes before year 12.
Buying is the better choice when
- A yearly home price growth rate above 6.0%.
- You secure a mortgage rate under 5.88% (today's is 7.24%).
- The monthly rent for that same home exceeds $1,690.
- You remain there for 12 years or more.
How Logan compares with the other 812 cities
| Measure | Logan | Median city |
|---|---|---|
| Typical home value | $391,505 | $422,451 |
| Typical rent | $1,368 /mo | $1,837 /mo |
| Price-to-rent ratio | 23.8 (#171 of 813) | 18.5 |
| Home prices, last 10 years | 8.5% a year | 6.2% a year |
| Property tax | 0.46% | 0.87% |
| Households that rent | 63% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Cities elsewhere in Utah
- For West Jordan, UT, renting leads by $65k.
- For South Jordan, UT, renting leads by $67k.