Location: Beaumont-Port Arthur, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
The ZIP code 77704 in Unknown, TX, presents several challenges for potential Section 8 landlords. Firstly, tenant turnover could be problematic due to the disparity between the market rent and the Fair Market Rent (FMR) of $1150 for FY 2024. This gap might lead to higher turnover rates as tenants seek more affordable housing options.
Vacancy exposure is another significant concern. The average days on market (DOM) for rental properties is not available, which makes it difficult to predict how long a property might remain vacant between tenants. Vacancies can significantly impact cash flow, especially if they occur frequently.
Deferred maintenance is also a risk factor. With the typical home value and median income figures missing, it's challenging to assess the financial capacity of residents to maintain their homes properly. Poor maintenance can lead to costly repairs and a decline in property value over time.
Despite these risks, the high proportion of renters in the area could work in favor of landlords participating in the Section 8 program. A large renter share typically translates into higher demand for subsidized housing, which can stabilize occupancy rates. However, without specific data on the renter share percentage, this remains an assumption based on general trends.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 77704, Unknown, TX.
Data Sources: FMR data from HUD (2027).
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.