Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
46.1% of residents in ZIP code 77701 are renters, indicating a significant demand for rental properties. With a Fair Market Rent (FMR) set at $1010 for zip FY 2024, landlords can expect to receive this amount per unit when participating in the Section 8 program. The market rent, as indicated by the ZORI index, stands at $1,017, which is slightly above the FMR but still within a reasonable range for maintaining profitability. Given the median home value of $101,754, it's evident that the area offers affordable housing options for both buyers and renters.
$49,181 is the median income in ZIP 77701, suggesting that many residents could benefit from the rental assistance offered through Section 8. The low day DOM (N/A) and price-cut share (0.1%) highlight a robust real estate market where properties sell quickly and without significant discounts. This stability benefits landlords and small-portfolio investors looking to enter or expand their holdings in the area.
The slight premium of $1,017 over the FMR of $1010 allows landlords to maintain a competitive edge while still adhering to the guidelines of the Section 8 program. However, it's crucial to note that the median home value of $101,754 is relatively low, which might indicate a less affluent neighborhood. Yet, the strong demand for rentals, represented by the 46.1% renter share, compensates for this factor.
To conclude, the combination of a manageable FMR, a slightly higher market rent, and a substantial renter base makes ZIP 77701 an attractive option for landlords and small-portfolio investors interested in Section 8 participation. The low price-cut share and quick sales suggest a healthy market environment, conducive to stable investment returns. In summary, ZIP 77701 is a viable choice for Section 8 investments.
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.