Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| 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 |
U.S. Census Bureau data (2024)
1070 is the Fair Market Rent (FMR) for ZIP code 77519 for fiscal year 2024, setting a clear benchmark for rental properties in the area. 191909 represents the median home value, indicating a relatively stable housing market. 2.1% is the share of renters in ZIP 77519, suggesting a smaller but still significant demand for rental units. 82412 is the median income level, which is crucial for assessing the financial capacity of potential tenants. The data does not provide a specific figure for the days on market (DOM), making it challenging to evaluate how quickly properties are typically leased in this region. Similarly, there is no percentage given for the price-cut share, leaving a gap in understanding how often property owners adjust their prices to attract buyers or renters.
In ZIP 77519, the absence of precise market rent data means that landlords must rely on the FMR of $1070 to guide their pricing strategies. Given the median home value of $191,909, it's evident that the housing market is stable, but the relatively low renter share of 2.1% implies a competitive environment for landlords. With a median income of $82,412, tenants have the financial means to afford higher rents, but this also depends on their willingness to pay above the FMR.
The lack of specific days on market (DOM) and price-cut share percentages suggests that there might be limited recent transaction data available, which could indicate either a slower-moving market or simply less activity overall. However, the stability of the median home value and the established FMR can provide some assurance to landlords and small-portfolio investors looking to enter or maintain their presence in this ZIP code.
For landlords and investors considering Section 8 participation, the FMR of $1070 offers a direct comparison to the maximum allowable rent under the program. Given the median income of $82,412, it's likely that many residents qualify for Section 8 assistance, making it a viable option for filling vacancies and ensuring steady cash flow. The verdict on Section 8 for ZIP 77519 is positive, as it aligns well with the local rental market dynamics and tenant income levels.
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.