Bay County, FL

2024 Fair Market Rents

Tags: 2024 Panama City, FL MSA

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Return to the state page to see where Florida ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Bay County are Panama City, Lynn Haven, Panama City Beach, and Port Saint Joe. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Bay County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Bay County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Bay County compare?

Bay County ($1,523) has a 12.1% higher FMR for 2-Bedroom housing than the average of Florida ($1,359) and therefore a higher gross rent.

Bay County is rank 24th out of 67 counties. This means the FMRs, or in other words, the gross rent is higher than 43 other counties. Bay County is the 24th most expensive county in terms of FMRs.

Rent Tables Bay County, FL

Fair Market Rent (40th Percentile)

$1,269
studio
$1,297
1-Bedroom
$1,523
2-Bedroom
$2,065
3-Bedroom
$2,585
4-Bedroom

Median Rent (50th Percentile)

$1,374
studio
$1,405
1-Bedroom
$1,649
2-Bedroom
$2,236
3-Bedroom
$2,798
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
32413 $1,330 $1,360 $1,600 $2,170 $2,720
32461 $1,330 $1,360 $1,600 $2,170 $2,720
32462 $950 $1,010 $1,170 $1,610 $2,000
32401 $1,030 $1,060 $1,240 $1,680 $2,100
32402 $1,270 $1,290 $1,520 $2,060 $2,580
32403 $1,900 $1,940 $2,280 $3,090 $3,870
32404 $1,170 $1,200 $1,410 $1,910 $2,390
32405 $1,170 $1,190 $1,400 $1,900 $2,380
32406 $1,270 $1,290 $1,520 $2,060 $2,580
32407 $1,710 $1,750 $2,050 $2,780 $3,480
32408 $1,270 $1,300 $1,530 $2,070 $2,600
32409 $950 $1,010 $1,170 $1,610 $2,000
32410 $1,570 $1,610 $1,890 $2,560 $3,210
32411 $1,270 $1,290 $1,520 $2,060 $2,580
32413 $1,330 $1,360 $1,600 $2,170 $2,720
32417 $1,270 $1,290 $1,520 $2,060 $2,580
32437 $950 $1,010 $1,170 $1,610 $2,000
32438 $950 $1,010 $1,170 $1,610 $2,000
32444 $1,460 $1,490 $1,750 $2,370 $2,970
32456 $1,370 $1,410 $1,650 $2,240 $2,800
32462 $950 $1,010 $1,170 $1,610 $2,000
32466 $1,310 $1,340 $1,570 $2,130 $2,660
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
32413 $1,197 $1,224 $1,440 $1,953 $2,448
32461 $1,197 $1,224 $1,440 $1,953 $2,448
32462 $855 $909 $1,053 $1,449 $1,800
32401 $927 $954 $1,116 $1,512 $1,890
32402 $1,143 $1,161 $1,368 $1,854 $2,322
32403 $1,710 $1,746 $2,052 $2,781 $3,483
32404 $1,053 $1,080 $1,269 $1,719 $2,151
32405 $1,053 $1,071 $1,260 $1,710 $2,142
32406 $1,143 $1,161 $1,368 $1,854 $2,322
32407 $1,539 $1,575 $1,845 $2,502 $3,132
32408 $1,143 $1,170 $1,377 $1,863 $2,340
32409 $855 $909 $1,053 $1,449 $1,800
32410 $1,413 $1,449 $1,701 $2,304 $2,889
32411 $1,143 $1,161 $1,368 $1,854 $2,322
32413 $1,197 $1,224 $1,440 $1,953 $2,448
32417 $1,143 $1,161 $1,368 $1,854 $2,322
32437 $855 $909 $1,053 $1,449 $1,800
32438 $855 $909 $1,053 $1,449 $1,800
32444 $1,314 $1,341 $1,575 $2,133 $2,673
32456 $1,233 $1,269 $1,485 $2,016 $2,520
32462 $855 $909 $1,053 $1,449 $1,800
32466 $1,179 $1,206 $1,413 $1,917 $2,394
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
32413 $1,463 $1,496 $1,760 $2,387 $2,992
32461 $1,463 $1,496 $1,760 $2,387 $2,992
32462 $1,045 $1,111 $1,287 $1,771 $2,200
32401 $1,133 $1,166 $1,364 $1,848 $2,310
32402 $1,397 $1,419 $1,672 $2,266 $2,838
32403 $2,090 $2,134 $2,508 $3,399 $4,257
32404 $1,287 $1,320 $1,551 $2,101 $2,629
32405 $1,287 $1,309 $1,540 $2,090 $2,618
32406 $1,397 $1,419 $1,672 $2,266 $2,838
32407 $1,881 $1,925 $2,255 $3,058 $3,828
32408 $1,397 $1,430 $1,683 $2,277 $2,860
32409 $1,045 $1,111 $1,287 $1,771 $2,200
32410 $1,727 $1,771 $2,079 $2,816 $3,531
32411 $1,397 $1,419 $1,672 $2,266 $2,838
32413 $1,463 $1,496 $1,760 $2,387 $2,992
32417 $1,397 $1,419 $1,672 $2,266 $2,838
32437 $1,045 $1,111 $1,287 $1,771 $2,200
32438 $1,045 $1,111 $1,287 $1,771 $2,200
32444 $1,606 $1,639 $1,925 $2,607 $3,267
32456 $1,507 $1,551 $1,815 $2,464 $3,080
32462 $1,045 $1,111 $1,287 $1,771 $2,200
32466 $1,441 $1,474 $1,727 $2,343 $2,926

Fair Market Rents on this page apply to the following cities in Bay County, Florida: Panama City, Lynn Haven, Panama City Beach, Port Saint Joe, Youngstown, Fountain, Vernon, Ebro, Mexico Beach, and Rosemary Beach.

These Fair Market Rents also apply to the following ZIP codes in Bay County, Florida: 32404, 32405, 32444, 32401, 32408, 32413, 32407, 32409, 32456, 32466, 32438, 32462, 32403, 32411, 32417, 32402, 32406, 32437, 32410, and 32461.

Bay County, FL is considered part of the following metro FMR area: PANAMA CITY, FL MSA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.