Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The market in ZIP 77651 presents a dynamic environment that favors neither an overwhelming surplus nor scarcity of rental units, but rather suggests a finely balanced scenario. With a Fair Market Rent (FMR) set at $1250 for the fiscal year 2024, and the actual market rent observed at $1,095, there's a clear indication that the rental market is slightly below the benchmark, hinting at a competitive landscape where landlords must offer reasonable rates to attract tenants.
The low 0.2% price-cut share reveals that while some adjustments are made, the majority of rental properties maintain their listed prices, suggesting a stable demand for the available inventory. Furthermore, the 11-day Days on Market (DOM) indicates that rental units are moving quickly once they become available, which points towards a steady flow of interested renters.
A median home value of $237,038 places this area within reach for many first-time homebuyers, yet the significant 29.7% renter share highlights a substantial portion of the population preferring or needing to rent. This high renter share implies ongoing long-term housing pressure, as it suggests a continuous demand for rental properties due to either affordability constraints or lifestyle choices.
In summary, ZIP 77651 is characterized by a market where rental demand closely matches supply, driven by a moderate FMR and market rent differential, quick turnover times, and a substantial renter base. Landlords and small-portfolio investors should anticipate a consistent but competitive rental market, with opportunities to leverage the high renter share for long-term investment stability.
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.