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Home/FL/Bay County

Bay County, FL

CountySAFMR
Found 21 ZIPs
Zillow

County Median Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,290 – $2,010$1,200 – $1,860
1 BR$1,340 – $2,160$1,250 – $1,810
2 BR$1,520 – $2,350$1,520 – $2,050
3 BR$1,960 – $2,990$1,960 – $2,600
4 BR$2,430 – $3,650$2,290 – $3,290
5 BR$2,955Not available
6 BR$3,399Not available
7 BR$3,909Not available
8 BR$4,495Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
4
0.74-1.49
1 BR
4
0.80-1.64
2 BR
4
0.72-1.55
3 BR
4
0.86-1.51
4 BR
3
3
0.80-1.55
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Bay County, FL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 21 ZIP codes in Bay County, FL ranges from $1,520 to $2,350 a month, with a median of $1,650. That is down 1.8% from $1,680 in FY 2026. Bay County is in the Panama City, FL HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,651. The median county two-bedroom FMR in Florida is $1,474, so Bay County is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Bay County, FL
BedroomsFY 2027Change90–110% range
Studio$1,410−0.7%$1,269–$1,551
1BR$1,520+3.4%$1,368–$1,672
2BR$1,650−1.8%$1,485–$1,815
3BR$2,100−3.2%$1,890–$2,310
4BR$2,570−1.9%$2,313–$2,827

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Bay County, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,520$1,650$2,100$2,570
FY 2026$1,420$1,470$1,680$2,170$2,620
FY 2025$1,350$1,370$1,600$2,110$2,660
FY 2024$1,270$1,290$1,520$2,060$2,580
FY 2023$1,050$1,120$1,300$1,790$2,210

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
32403$2,350+42.4%
32410$2,110+27.9%
32407$2,100+27.3%
32413$1,860+12.7%
32444$1,720+4.2%
32456$1,720+4.2%
32405$1,660+0.6%
32402$1,6500.0%
32406$1,6500.0%
32408$1,6500.0%
32411$1,6500.0%
32417$1,6500.0%
32404$1,570−4.8%
32465$1,540−6.7%
32401$1,520−7.9%
32409$1,520−7.9%
32428$1,520−7.9%
32437$1,520−7.9%
32438$1,520−7.9%
32462$1,520−7.9%
32466$1,520−7.9%

Questions about Bay County, FL rents

How much will Section 8 pay for a two-bedroom in Bay County, FL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,651, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,486 to $1,816 a month; under the ZIP-level Small Area FMR of $1,650 it would be $1,485 to $1,815. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Bay County, FL in?

Bay County, FL is in the Panama City, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,651.

How much did fair market rent change in Bay County, FL for FY 2027?

The two-bedroom FMR fell 1.8%, from $1,680 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 26.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

FL statewide rentsWhat is SAFMR?Data sources