Logan, UT-ID Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Logan, UT-ID, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses with mortgages backed by the Federal Home Loan Mortgage Corporation (Freddie Mac) or the Federal National Mortgage Association (Fannie Mae). The HPI value for Logan, UT-ID as of December 2020 was 225.8. This means that home prices in Logan have increased by an average of 225.8% since January 1991.

There are several factors that have contributed to the sharp increase in home prices in Logan over the past few years. The strong job market and population growth in Utah have led to increased demand for housing, while the limited supply of land and homes has kept prices high. In addition, many people are choosing to buy second homes or investment properties in Logan as a result of the low interest rates and attractive real estate market.

Despite the recent surge in prices, Logan remains an affordable place to live compared to other parts of the country. The median home price in Logan is $269,000, which is much lower than cities like San Francisco ($1.3 million), New York ($1 million), or Boston ($789,000). For those looking to purchase a home in Logan, there are still many options available at relatively reasonable prices.