Rankings/Logan, UT-ID

Logan, UT-ID

ElevatedTier 1CBSA 30860Compare

Risk Rank: #12 of 274Month: 2026-06Score change (12m):↑ +14

67score

Composite risk percentile vs 274 metros (higher = higher risk)

Executive Summary

Logan's housing market shows elevated risk, ranking 12th of 274 metros. The market recently entered Recovery. Current conditions are balanced with stable liquidity. Early signs of stabilization — conditions may favor patient buyers.

Logan has maintained relatively stable market conditions throughout the observation period, currently in Recovery.

Inventory is roughly flat (+3% YoY) with homes selling at a normal pace — a balanced market.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

2 months in current phase·from Recovery

Market conditions are rebuilding after a correction period

Key Dynamics

Risk is primarily driven by permits per capita and price momentum, while employment provides the most support.

Top Drivers

Permits per Capitap89

Permits per 1,000 residents

Price Momentump82

12-month HPI change

Affordabilityp81

Mortgage payment / income

Market Signals

Inventory is roughly flat (+3% YoY) with homes selling at a normal pace — a balanced market.

Liquidity

Stable↓

Active Listings YoY

+2.5%p51

Days on Market YoY

+7.3%p63

Months in status2

Data through Jun 2026

Valuation

Balanced—

Rent vs. Price Growth

+0.9%p77

Months in status2

Data through Jun 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumHigh Risk

+2.6%p82

12-month HPI change — higher = overheating

Permit GrowthElevated

+15.6%p73

YoY permit change — higher = supply pressure

Permits per CapitaHigh Risk

9.41p89

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityHigh Risk

0.33p81

Mortgage payment / income — higher = more burdened

EmploymentBelow Avg

+1.1%p23

12-month employment change (risk inverted)

MigrationNeutral

+$517p55

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.

Bank Lending Standards

N/ANormal

Rate Change (YoY)

-5 bpsNormal

Mortgage Risk Premium

+194 bpsElevated

Stable for 10 quartersData through 2026-Q3

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.90Elevated

Completion-Permit Divergence

-3.1 ppNormal

Accumulating for 5 quartersData through 2026-Q2

Local Signals

Metro Permit Activity

Permit Activity

Normal

YoY Permit Growth

+15.6%Within norm

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Based on limited permit volume

Supply and demand are in equilibrium. No unusual activity on either side of the market.

Employment Concentration

Employment

Moderate

Largest SectorGovernment 21.8%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2026-05	Rec	64	78	72	81	12	55
2025-11	Exp	63	50	56	80	67	49
2025-09	Exp	63	47	56	80	68	49
2025-06	Exp	53	38	56	80	20	49
2025-03	Exp	48	19	56	78	6	49
2024-12	Exp	59	62	56	81	29	49
2024-09	Exp	50	23	56	79	19	49
2024-06	Exp	63	23	56	82	89	49
2024-03	Exp	60	7	56	78	94	49
2023-12	Exp	56	3	56	58	92	49
2023-09	Exp	60	15	56	66	97	49
2023-06	Exp	58	5	56	62	97	49
2023-03	Exp	62	24	56	68	100	49
2022-12	Exp	68	52	56	83	92	49
2022-09	Exp	70	83	56	83	71	49
2022-06	Exp	70	88	56	82	69	49
2022-03	Exp	67	98	56	82	38	49
2021-12	Exp	68	98	56	86	45	49
2021-09	Exp	64	98	56	86	20	49
2021-06	Exp	61	97	56	80	9	49
2021-03	Exp	60	97	56	78	1	49
2020-12	Rec	62	97	56	78	1	61
2020-10	Rec	62	97	56	78	1	61
2020-07	Exp	59	89	56	73	0	61
2020-05	Exp	59	85	56	73	1	61
2020-04	Rec	59	85	56	73	0	61
2020-02	Rec	68	85	56	72	57	61
2020-01	Exp	62	81	56	72	22	61
2019-11	Exp	59	85	56	70	6	58
2019-08	Exp	61	97	56	69	7	58
2019-07	Rec	62	98	56	69	9	58
2019-05	Rec	62	96	56	69	11	58
2019-02	Hyp	61	96	56	68	11	58
2019-01	Hyp	62	96	56	68	12	58

Data Vintages

Price (HPI)2026-Q1

Permits2026-06

Income2024

Employment2026-06

Migration2023