Fair Market Rent · Florida
Fair Market Rent in Bay County, FL
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Bay County is $1,651 a month, -1.8% from FY2026. Bay County is part of the Panama City, FL HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,414 | $1,426 | -0.8% | $1,273–1,555 |
| 1 bedroom | $1,517 | $1,480 | +2.5% | $1,365–1,669 |
| 2 bedrooms | $1,651 | $1,682 | -1.8% | $1,486–1,816 |
| 3 bedrooms | $2,101 | $2,169 | -3.1% | $1,891–2,311 |
| 4 bedrooms | $2,567 | $2,689 | -4.5% | $2,310–2,824 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Bay County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 32401 | Panama City | $1,520 | $1,125 | $1,152 |
| 32403 | Panama City | $2,350 | – | $2,422 |
| 32404 | Panama City | $1,570 | $1,324 | $1,399 |
| 32405 | Panama City | $1,660 | $1,401 | $1,467 |
| 32407 | Panama City Beach | $2,100 | $1,965 | $1,840 |
| 32408 | Panama City | $1,650 | $1,492 | $1,584 |
| 32409 | Panama City | $1,520 | $967 | $1,409 |
| 32410 | Mexico Beach | $2,110 | – | $2,000 |
| 32413 | Panama City Beach | $1,860 | $1,750 | $1,702 |
| 32438 | Fountain | $1,520 | – | $626 |
| 32444 | Lynn Haven | $1,720 | $1,390 | $1,474 |
| 32466 | Youngstown | $1,520 | $879 | $1,231 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.