Rent by ZIP · Bay County
Rent in Panama City, FL 32403
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,350 (+2.6% vs FY2026). Renters in this ZIP code pay a median $2,422 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,010 | $1,940 | +3.6% | $1,809–2,211 | – |
| 1 bedroom | $2,160 | $2,020 | +6.9% | $1,944–2,376 | – |
| 2 bedrooms | $2,350 | $2,290 | +2.6% | $2,115–2,585 | – |
| 3 bedrooms | $2,990 | $2,950 | +1.4% | $2,691–3,289 | $2,565 ±$319 |
| 4 bedrooms | $3,650 | $3,660 | -0.3% | $3,285–4,015 | – |
Small Area FMRs for the Panama City, FL HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Panama City, FL HUD Metro FMR Area, 2 bedrooms: $1,651.
What renters pay in 32403
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 32404 | Panama City | $1,570 | $1,324 |
| 32401 | Panama City | $1,520 | $1,125 |
| 32405 | Panama City | $1,660 | $1,401 |
| 32407 | Panama City Beach | $2,100 | $1,965 |
| 32408 | Panama City | $1,650 | $1,492 |
| 32409 | Panama City | $1,520 | $967 |
Fair Market Rents across Bay County, FL · All FL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.