What is the Fair Market Rent for a 2-bedroom in Gulf County, FL HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Gulf County, FL HUD Metro FMR Area is $1,007 per month for fiscal year 2021. The studio FMR is $759, 1-bedroom is $764, 3-bedroom is $1,253, and 4-bedroom is $1,698.

What income do you need to afford the FMR in Gulf County, FL HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $40,280 per year ($3,357 per month) to afford the FY2021 2-bedroom Fair Market Rent of $1,007 in Gulf County, FL HUD Metro FMR Area.

FY2021 Fair Market Rents — Gulf County, FL HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$759

1BR

$764

2BR

$1,007

3BR

$1,253

4BR

$1,698

Hours/week at min wage

56 hrs

to afford the 2BR FMR @ $14.00/hr (FL)

National rank

#214

of 632 U.S. metros (top 35% most expensive)

YoY change (2BR)

+18.8%

+$159 vs FY2020

Voucher payment standard

$906–$1,108

PHAs set HCV payment at 90–110% of the 2BR FMR

Gulf County, FL HUD Metro FMR Area

Metropolitan area · FL · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$759	$9,108
1-Bedroom	$764	$9,168
2-Bedroom	$1,007	$12,084
3-Bedroom	$1,253	$15,036
4-Bedroom	$1,698	$20,376

Recent 2-Bedroom FMR Trend

FY2017 $869 → FY2021 $1,007

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$759	$764	$1,007	$1,253	$1,698
FY2020	$640	$644	$848	$1,057	$1,328
FY2019	$695	$700	$926	$1,160	$1,425
FY2018	$662	$674	$890	$1,122	$1,372
FY2017	$637	$749	$869	$1,134	$1,388

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $56,100

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$12,880	$17,420	$21,960	$26,500	$31,040	$34,050
50% AMI (Very Low)	$20,550	$23,500	$26,450	$29,350	$31,700	$34,050
80% AMI (Low)	$32,900	$37,600	$42,300	$46,950	$50,750	$54,500

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,084/yr

FMR as % of Area Median Income

21.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$40,280/yr

$3,357/mo gross income

FY2021 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$490	$561	$631	$757	$813
60% AMI Maximum	$589	$673	$757	$908	$976

FY2021 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$759	$764	$911	$911	$911
Low HOME Rent	$513	$587	$661	$733	$792

Compare Gulf County, FL HUD Metro FMR Area With Other FL Metros

vs. Baker County, FL HUD Metro FMR Area vs. Cape Coral-Fort Myers, FL MSA vs. Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area vs. Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area vs. Fort Lauderdale, FL HUD Metro FMR Area