Rent by ZIP · Bay County
Rent in Panama City Beach, FL 32407
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,100 (-6.3% vs FY2026). Renters in this ZIP code pay a median $1,840 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,800 | $1,900 | -5.3% | $1,620–1,980 | $1,706 ±$91 |
| 1 bedroom | $1,930 | $1,970 | -2% | $1,737–2,123 | $1,671 ±$83 |
| 2 bedrooms | $2,100 | $2,240 | -6.3% | $1,890–2,310 | $1,965 ±$159 |
| 3 bedrooms | $2,670 | $2,890 | -7.6% | $2,403–2,937 | $1,870 ±$194 |
| 4 bedrooms | $3,260 | $3,580 | -8.9% | $2,934–3,586 | $1,779 ±$151 |
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 32407
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 |
|---|---|---|---|
| 32408 | Panama City | $1,650 | $1,492 |
| 32405 | Panama City | $1,660 | $1,401 |
| 32409 | Panama City | $1,520 | $967 |
| 32404 | Panama City | $1,570 | $1,324 |
| 32410 | Mexico Beach | $2,110 | – |
| 32403 | Panama City | $2,350 | – |
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.