Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP code 77659 reveals several potential challenges for landlords and small-portfolio investors considering Section 8 properties. Firstly, tenant turnover is a significant issue, with market rents at $1,299 compared to the Fair Market Rent (FMR) of $1,150 for FY 2024. This discrepancy suggests that tenants might be more inclined to leave when their vouchers expire, seeking higher-value accommodations that match the local market rates. Secondly, vacancy exposure is another concern, as the days on market (DOM) data is currently unavailable. This lack of information makes it difficult to predict how quickly a property can be re-rented after a vacancy occurs. Additionally, there is an increased risk of deferred maintenance due to the typical home value of $269,120 and a median income of $110,590. These figures indicate that homeowners might struggle to keep up with necessary repairs and improvements, potentially leading to subpar living conditions.
Despite these risks, the high renter share of 12.6% in ZIP 77659 presents a silver lining. High renter density often correlates with a greater demand for housing vouchers, which can stabilize rental income and reduce vacancy rates. The presence of a substantial number of renters also implies a diverse pool of potential tenants, increasing the likelihood of finding reliable voucher holders who are committed to long-term tenancy.
In summary, the risks associated with Section 8 investments in ZIP 77659 include high tenant turnover, uncertain vacancy exposure, and deferred maintenance concerns. However, the strong renter market offers some mitigation. The overall risk for a first-time Section 8 landlord in this area is moderate.
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.