Bay County fair market rent FY 2027Florida, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Bay County, Florida is $1,651 a month, effective October 1, 2026: $1,414 for a studio, $1,517 for one bedroom, $2,101 for three and $2,567 for four. It is set for the Panama City, FL HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $1,682 (-1.8%).
Bay County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,414 | $1,426 | -0.8% | $1,272 to $1,555 |
| 1 bedroom | $1,517 | $1,480 | +2.5% | $1,365 to $1,668 |
| 2 bedrooms | $1,651 | $1,682 | -1.8% | $1,485 to $1,816 |
| 3 bedrooms | $2,101 | $2,169 | -3.1% | $1,890 to $2,311 |
| 4 bedrooms | $2,567 | $2,689 | -4.5% | $2,310 to $2,823 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Bay County compares
Bay County's two-bedroom FMR of $1,651 is the 27th highest of 67 counties in Florida, where the county median is $1,474 and the range $953 to $2,564. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Bay County ranks 361st.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Panama City, FL HUD Metro FMR Area it lists 22 ZIP codes, with two-bedroom Small Area FMRs from $1,520 to $2,350. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Florida counties · Fair market rents in every state
More for Bay County
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- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Bay County property
HeritageDeed does not search title records in Bay County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Bay County fair market rent
What is the fair market rent in Bay County for FY 2027?
$1,414 for a studio, $1,517 for one bedroom, $1,651 for two, $2,101 for three and $2,567 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Bay County for FY 2026?
$1,426 for a studio, $1,480 for one bedroom, $1,682 for two, $2,169 for three and $2,689 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Bay County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,485 to $1,816 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Bay County's fair market rent high for Florida?
$1,651 for two bedrooms ranks 27th of 67 counties in Florida; the state's county median is $1,474 (range $953 to $2,564) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/florida/bay-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.