Beaumont is a city in and the county seat of Jefferson County, Texas in the United States, within the Beaumont–Port Arthur Metropolitan Statistical Area. Located in Southeast Texas on the Neches River about 90 mi (140 km) east of Houston (city center to city center), Beaumont had a population of 118,296 at the time of the 2010 census, making it the twenty-fourth-most populous city in the state of Texas.
Beaumont was founded as a town in 1835. The early European-American settlement had an economy based on the development of lumber, farming, and port industries. In 1892, Joseph Eloi Broussard opened the first commercially successful rice mill in the state, stimulating development of rice farming in the area; he also started an irrigation company (since 1933 established as the Lower Neches Valley Authority) to support rice culture. Rice became an important commodity crop in Texas, and is now cultivated in 23 counties.
A big change occurred in 1901 with the Spindletop gusher, which demonstrated the potential of the huge oil field. With Spindletop, several energy companies developed in Beaumont, and some continue. The area rapidly developed as one of the major petro-chemical refining areas in the country. Along with Port Arthur and Orange, Beaumont forms the Golden Triangle, a major industrial area on the Texas Gulf Coast.
Beaumont is home of Lamar University, a national Carnegie Doctoral Research university with 14,966 students, including undergraduates and post graduates. Over the years, several corporations have been based in this city, including Gulf States Utilities which had its headquarters in Beaumont until its takeover by Entergy Corporation in 1993. GSU's Edison Plaza headquarters is still the tallest building in Beaumont (as of 2017).
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Beaumont-Port Arthur, Texas. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Beaumont-Port Arthur, Texas, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Texas, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Houston-The Woodlands-Sugar Land||$235,600||8.40%|
|San Antonio-New Braunfels||$222,600||5.70%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Texas.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the census of 2010, there were 118,296 people, 45,648 households, and 28,859 families residing in the city. The population density was 1,339.4 people per square mile (517.2/km²). There were 48,815 housing units at an average density of 574.2 per square mile (221.7/km²). The racial makeup of the city was 33.5% non-Hispanic White, 47.3% African American, 0.0% Native American, 3.3% Asian, 0.0% Pacific Islander, 7.1% from other races, and 2.0% from two or more races. Hispanic or Latino of any race were 13.4% of the population.
There were 45,648 households out of which 28.9% had children under the age of 18 living with them, 38.7% were married couples living together, 19.2% had a female householder with no husband present, and 36.8% were non-families. 30.7% of all households were made up of individuals and 10.0% had someone living alone who was 65 years of age or older. The average household size was 2.48 and the average family size was 3.12.
In the city, the population was spread out with 28.3% the age of 19 or under, 8.5% from 20 to 24, 25.8% from 25 to 44, 25.2% from 45 to 64, and 10.5% who were 65 years of age or older. The median age was 34.4 years. For every 100 females there were 95 males. For every 100 females age 18 and over, there were 92.7 males.
The median income for a household in the city was $39,699, according to the American Community Survey (5 year), and the median income for a family was $49,766. The per capita income for the city was $23,137. About 17.6% of families and 22.1% of the population were below the poverty line.
According to the City's 2014 Comprehensive Annual Financial Report the top employers in the city are:
|#||Employer||# of Employees|
|1||Conn's Appliances Inc||4,615|
|2||Beaumont Independent School District||2,536|
|5||Christus St. Elizabeth Hospital||1,574|
|6||Memorial Herman Baptist Hospital||1,517|
|7||City of Beaumont||1,355|
|10||Richard Design Services, Inc.||590|
A significant element of the region's economy is the Port of Beaumont, the nation's fourth-largest seaport by tonnage. The 842d Transportation Battalion, and the 596th Transportation Group are both stationed at the port in Beaumont.
In addition to companies doing business within the city limits, several large industrial facilities are located within the city's five-mile extraterritorial jurisdiction boundaries including the ExxonMobil Beaumont refinery and chemical plants, Goodyear Beaumont chemical plant, and DuPont chemical plant.
Jason's Deli has its headquarters in Beaumont. Conn's Appliances did have its headquarters in Beaumont; however, in mid-2012, Conn's moved its corporate headquarters to The Woodlands. Originally Sweet Leaf Tea Company had its headquarters in Beaumont. The headquarters moved to Austin in October 2003.