Location: Tyler County, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The ZIP code 77664 is situated in a suburban neighborhood characterized by a relatively small population of 2,474 residents. The area has a low percentage of renters at just 12.3%, indicating that homeownership is prevalent. With a median household income of $48,904, the community leans towards middle-income families. The median home value stands at $203,375, reflecting an affordable residential market.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 77664 in fiscal year 2024 is set at $1,070. This figure is slightly higher than the reported market rent of $1,014, according to the latest Census American Community Survey (ACS) data. This suggests that landlords participating in the Section 8 program can expect to receive a rent subsidy that exceeds the typical market rate, potentially offering a margin of profit above the average rental costs.
Does this place suit a hands-off voucher operator or a hands-on value-add buyer? Given the modest population size and the high proportion of homeowners, it's likely that opportunities for large-scale rental operations are limited. However, for a hands-off voucher operator, the slight premium of the FMR over the market rent could be attractive. Landlords who prefer minimal involvement in property management might find the guaranteed income through Section 8 vouchers appealing. On the other hand, a hands-on value-add buyer would face challenges due to the limited number of renters. Yet, the potential for renovating homes and increasing their value, given the median home price and income levels, could still present opportunities for those willing to engage deeply in the local real estate market.
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.