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 77720 in Beaumont-Port Arthur, TX, presents a unique profile due to limited data availability. While specific figures for residents, rental percentages, median income, and median home values are not provided, the area's focus on Section 8 housing can be analyzed through its Fair Market Rent (FMR) rates.
The FMR for ZIP 77720 in fiscal year 2024 is set at $1150. This figure is crucial for understanding the economic dynamics of the area, especially for landlords and small-portfolio investors who rely on Section 8 vouchers. The FMR serves as a benchmark for rent subsidies, ensuring that tenants pay no more than 30% of their adjusted income towards rent. Given the lack of specific market rent data, it's important to note that the FMR is designed to reflect the local rental market conditions and may not always align perfectly with actual market rents.
The voucher economics in ZIP 77720 suggest that landlords can expect to receive a fixed amount from the government to cover the difference between the tenant's contribution and the FMR. This creates a predictable revenue stream for those willing to participate in the Section 8 program. However, without comparative market rent data, it's challenging to assess how competitive the FMR is relative to other options available to renters in the area.
Based on the available data, ZIP 77720 appears to have a stable economic profile for Section 8 housing. The consistent setting of FMR provides a reliable framework for rental agreements, which can be beneficial for both landlords and tenants. Landlords should consider the benefits of participating in the Section 8 program, including steady income and reduced vacancy rates, while also being aware of the administrative requirements and potential challenges associated with the program.
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.