Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 77376 presents several challenges for potential Section 8 landlords. Tenant turnover can be high due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $1070 set for FY 2024. This difference often leads to dissatisfaction among tenants who might find it difficult to cover additional costs, thereby increasing the likelihood of moving out. Additionally, vacancy exposure is a significant concern as the days on market (DOM) for rental properties in this area is not available, indicating a possible lack of consistent data which could suggest volatile market conditions. The absence of typical home values and median income figures further complicates the analysis, making it difficult to assess the financial health of potential tenants and the overall condition of the housing stock. Without these key metrics, landlords face an increased risk of deferred maintenance issues, as lower-income households may struggle to maintain their homes at optimal levels.
Despite these risks, the ZIP code benefits from a high concentration of renters, with a 3.0% renter share indicating a robust demand for rental properties. This high density of renters typically translates into higher demand for Section 8 vouchers, which can provide a steady stream of qualified tenants willing to pay the required portion of the rent. In such areas, the availability of vouchers can help mitigate the risk of vacancy and ensure a reliable income source for landlords.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.