Section 8 Fair Market Rent (FMR) for ZIP 77374 - 2027

Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$920
2 Bedrooms	$1,140
3 Bedrooms	$1,490
4 Bedrooms	$1,820
5 Bedrooms	$2,111
6 Bedrooms	$2,364
7 Bedrooms	$2,553
8 Bedrooms	$2,681

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

244

Median Household Income

$N/A

Housing Units

167

Renter Percentage

N/A

Occupancy Rate

58.1%

Renter Occupied

The ZIP code 77374, located in Houston, Texas, is a residential area that offers a unique mix of urban living and suburban comfort. This neighborhood is characterized by its diverse population and access to various amenities, making it an interesting market for real estate investors. However, the specific dynamics of the rental market and property values provide a clearer picture of investment opportunities.

Fair Market Rent (FMR): The Fair Market Rent for ZIP 77374 in fiscal year 2024 is set at $1070, which reflects the average rental price for a modest apartment in the area.
Market Rent: Data on the current market rent for the area is not available, indicating that there might be limited activity or reporting in this segment of the real estate market.
Median Home Value: The median home value in ZIP 77374 is $197,036, suggesting that homeownership is more prevalent than renting in this area.
Renter Share: The renter share in this ZIP code is reported at 0.0%, which implies that virtually all residents are homeowners rather than renters.
Days on Market (DOM): Information regarding the typical number of days a property stays on the market before being sold is currently unavailable for ZIP 77374.
Median Income: Data on the median income for the area is also not available, leaving a gap in understanding the economic profile of the residents.

In summary, ZIP 77374 presents a market where homeownership is the dominant housing option, with a Fair Market Rent of $1070 indicating the rental prices for those few who might seek rentals. The lack of detailed data on market rent, DOM, and median income suggests a less active or less reported real estate market, which could present challenges for small-portfolio investors looking to gauge the health and potential growth of the local real estate sector. Landlords should focus on properties that align with the established Fair Market Rent while being aware of the strong preference for homeownership among local residents.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.