Location: Tyler County, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 77663, located in Tyler County, TX, presents a unique opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $1020 per month. However, the lack of available market rent data for comparison makes it challenging to assess how competitive this rate is. Despite this, we can still analyze the potential for cashflow based on the HUD FMR.
Voucher tenants in ZIP 77663 will generally cashflow at the FMR of $1020, assuming they cover all expenses including property management, maintenance, and vacancy rates. The median home value in the area stands at $203,078, which allows us to derive a rent-to-price ratio. With an average monthly rent of $1020, the annual rental income would be approximately $12,240, leading to a rent-to-price ratio of roughly 6%. This ratio suggests that properties in this area are relatively affordable compared to their rental yields, making them attractive for investors looking to balance between rental income and property value.
The dynamics of rent versus buy in ZIP 77663 are further supported by the lack of specific data on days-on-market (DOM) and price-cut shares. This absence indicates stability in the housing market, as there is no significant pressure from unsold homes or rapidly changing rental prices. Stability is crucial for long-term investment strategies, particularly for those relying on consistent cashflow.
In conclusion, the strongest investor angle in ZIP 77663 is cashflow. Given the HUD FMR of $1020 and the median home value of $203,078, investors can expect steady cashflow from Section 8 tenants, especially when focusing on maintaining premium units that can command slightly higher rents while still being covered by the voucher program.
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.