The typical owner-occupied home in Logan is worth about $119,000, 52% below the New Mexico median of $248,100 and 64% below the national median of $332,700. Owners pay a median $406 a year in property taxes, about 0.34% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $34,271 a year, so the median home costs 3.5 times the median income (3.9 times for New Mexico). 85% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Logan at a glance
| Logan | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $119,000 | $248,100 | $332,700 |
| Median property tax paid per year | $406 | $1,731 | $3,119 |
| Property tax as a share of value | 0.34% | 0.70% | 0.94% |
| Median household income | $34,271 | $64,059 | $80,734 |
| Homes lived in by their owners | 85% | 70% | 65% |
| Owner homes with a mortgage | 21% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,301 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 20.6% | 21.0% |
| Median rent | $1,080 | $1,067 | $1,413 |
| Median year homes were built | 1982 | 1985 | 1980 |
| Vacant homes | 51.9% | 12.5% | 10.1% |
| Population | 740 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Logan
At this week's average 30-year rate of 7.11%, buying the median Logan home of $119,000 with 20% down costs about $724 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $922, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,017 for the 20%-down payment. That payment is 25% of the median Logan household income of $34,271; at that income and 20% down, the 28% guideline points to a home of about $131,000.
The median rent here is $1,080 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,800 |
|---|---|
| Loan amount | $95,200 |
| Principal and interest | $640 |
| Property taxes (0.34% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $724 |
Change the numbers in the calculator
| Down payment | $4,165 |
|---|---|
| Loan amount | $116,845 |
| Principal and interest | $786 |
| Property taxes (0.34% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $922 |
Change the numbers in the calculator
Questions about home buying in Logan
What is the median home value in Logan?
About $119,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Logan?
Homeowners pay a median $406 a year, which is about 0.34% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Logan?
For the median home with 20% down at 7.11%, the payment is about $724 a month. Keeping that under 28% of gross income takes about $31,017 a year.
More about Logan
- Mortgage Refinance in Logan
- Debt Relief in Logan
- Home Equity Loans in Logan
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data