Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The ZIP code 77622 stands out in Harris County due to its unique demographic and economic characteristics. With only 1,818 residents, it has a notably low rental rate of 5.8%, indicating that most residents own their homes. The median income in ZIP 77622 is relatively high at $100,556, which is significantly above the national average. Additionally, the median home value of $251,772 suggests a prosperous community where property values are robust.
Regarding Section 8 housing vouchers, the Fair Market Rent (FMR) for ZIP 77622 in fiscal year 2024 is set at $1430. However, the local market rent data is currently unavailable, making it challenging to compare the FMR with actual market rates. This lack of current market data could indicate either a stable housing market with consistent rents or an area that may be experiencing some transitional dynamics, such as changes in population or economic conditions that have yet to be fully captured in recent reports.
Given the high median income and median home value, landlords and small-portfolio investors should consider the potential stability of the area. While the low rental rate might suggest limited demand for rentals, the presence of Section 8 vouchers can provide a steady stream of tenants who are financially supported by the government. The high median income also implies that non-voucher tenants are likely to have good financial standing, reducing the risk of default on rent payments.
In conclusion, the data signature for ZIP 77622 reads as predominantly stable. The strong economic indicators and the availability of Section 8 vouchers make it a favorable location for those looking to invest in rental properties, especially considering the robust median home values and incomes. However, the absence of recent market rent data introduces a slight element of uncertainty, which investors should monitor closely.
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.