Real Estate in Logan, Utah
You came as a transient college student, thinking that this was just a temporary stop on your way to greener pastures in bigger cities, like Denver or Seattle. However, you found yourself staying after graduation and making the town your home. This is the scene in many college towns, and one that likely repeats itself over and over again in Logan, Utah. Home to Utah State University, Logan, UT is mainly a college town where the university is the largest employer. The university has served the town well, as it has fostered the growth and attraction of several high technology companies that also fuel the local economy, such as Harris Research, ICON Health and Fitness, and Campbell Scientific. Therefore, for a smaller town, Logan, Utah offers residents a variety of job opportunities in high-paying fields, such as engineering and aeronautics.
Logan, UT is not all work and no play. As most college towns, Logan, UT plays host to many cultural venues and activities to a level usually seen in larger cities. Logan, UT is home to the Utah Festival opera, which performs regularly throughout the year. Logan, UT is also home to the Ellen Ecles Theatre that hosts concerts, plays and dance throughout the year. Mentioned lastly, but not least is the Summerfest Art Fairre, which includes a juried art show along with several concerts, food and activities for children.
Residential real estate in Logan, UT, Cache County, Utah, is fairly affordable. A quick internet search of residential real estate for sale, and you find a beautiful, newer 4 Bedroom, 2 Bathroom home for sale for $140,000. An older 4 bedroom, 2 bathroom home is found for $129, 950. If you would like to build your new home from the ground up, you can look at vacant real estate zoned for residential, and you find lots going in the low $20,000s.
Considering that Logan, UT is a college town, it presents a great opportunity for investors to purchase real estate, such as townhomes and condominiums to rent to college students. For example, an internet search on real estate for sale results in an older, two bedroom two and one half bathrooms home being sold for $107,000. At current mortgage rates and a down payment of just 3.5%, one could purchase this unit for $493.00 per month. With rents charged going for $700, one could easily cover the monthly mortgage payment and operating costs and make a little profit. There are also the young professionals that are recruited to work at the various companies in town that are looking for homes.
Even more, Logan, UT also offers luxury real estate for sale, with several homes selling for over $300,000. These homes and tracts of real estate are likely bought by doctors of all kinds (not just medical), researchers, and highly paid faculty and staff. For commercial properties, most commercial real estate property in Logan, UT is retail space or warehouse/industrial/flex for industries that complement or support the research work being done at the University.