Location: Houston-The Woodlands-Sugar Land, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The ZIP code 77564 stands out due to its unique demographic and economic characteristics. With a total of 1,806 residents, only 12.5% of whom are renters, it indicates a predominantly owner-occupied community. The median income for households here is $56,275, which places it slightly above the national average. Notably, the median home value in ZIP 77564 is $220,048, suggesting that homeownership is relatively affordable compared to other areas.
Moving into the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for the area has been set at $990 for fiscal year 2024. However, the absence of data regarding the local rental market price means that we cannot directly compare the FMR to the actual market rates. This lack of information could indicate either a stable rental market with little fluctuation, or an underdeveloped rental sector that does not have sufficient data points for analysis.
From an investment perspective, landlords and small-portfolio investors should consider the low percentage of renters and the relatively high median home value when deciding whether to accept Section 8 vouchers. While the FMR provides a benchmark for rent levels, the overall data signature of ZIP 77564 suggests a stable environment, with few signs pointing towards rapid change or volatility. The community's structure, characterized by a high rate of homeownership and moderate income levels, supports a steady demand for housing but may limit opportunities for rental investments.
In conclusion, ZIP 77564 presents a stable market scenario for both homeowners and those considering rental properties. Its economic indicators suggest a balanced environment where Section 8 vouchers can be effectively utilized, although the limited rental market data requires cautious interpretation. For investors, the decision to participate in the Section 8 program should be made with consideration of these factors, particularly the potential for a less dynamic rental market.
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.