Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 77655 presents a unique scenario that requires careful consideration for both landlords and small-portfolio investors. The median home value is currently unavailable, which can indicate either a lack of recent sales data or an emerging market with fluctuating values. However, the fact that a significant percentage of listings have been reduced and the median days on market (DOM) is also unspecified, signals a potential buyer's market. This combination suggests that there might be increased competition among sellers, leading to downward pressure on home prices.
On the rental side, the Fair Market Rent (FMR) for ZIP 77655 in fiscal year 2024 is set at $1150. This figure serves as a benchmark for the rental market, indicating what landlords can reasonably charge to remain competitive. If the actual market rents are below this FMR, it could mean that landlords have room to increase their rents slightly without losing tenants, assuming the market conditions support such increases. Conversely, if market rents exceed the FMR, it might suggest an overheated rental market that could cool down, leading to potential decreases in rental income.
For long-term investors looking to hold properties in ZIP 77655, the setup implies a cautious approach to appreciation expectations. Given the current indicators of a buyer's market and potentially softening rental rates, appreciation in property values may be modest over the next 12-24 months. It's important to focus on maintaining occupancy rates and controlling costs to ensure steady cash flows. Additionally, investors should monitor local economic trends and housing demand closely, as changes in employment and population growth can significantly impact both home values and rental incomes.
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.