Rent by ZIP · Bay County
Rent in Panama City, FL 32409
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,520 (+4.8% vs FY2026). Renters in this ZIP code pay a median $1,409 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,290 | $1,240 | +4% | $1,161–1,419 | – |
| 1 bedroom | $1,340 | $1,240 | +8.1% | $1,206–1,474 | – |
| 2 bedrooms | $1,520 | $1,450 | +4.8% | $1,368–1,672 | $967 ±$74 |
| 3 bedrooms | $1,960 | $1,930 | +1.6% | $1,764–2,156 | $1,227 ±$1,008 |
| 4 bedrooms | $2,430 | $2,440 | -0.4% | $2,187–2,673 | $3,028 ±$1,295 |
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 32409
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 |
| 32410 | Mexico Beach | $2,110 | – |
| 32407 | Panama City Beach | $2,100 | $1,965 |
| 32405 | Panama City | $1,660 | $1,401 |
| 32413 | Panama City Beach | $1,860 | $1,750 |
| 32404 | Panama City | $1,570 | $1,324 |
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.