FY2026 Fair Market Rents — Bay County
Studio
$1,426
1BR
$1,480
2BR
$1,682
3BR
$2,169
4BR
$2,689
Bay County, Florida
FIPS 12005 · County-level FMR and income limit data
FMR Area: Panama City-Lynn Haven-Panama City Beach, FL HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,426 | $17,112 |
| 1-Bedroom | $1,480 | $17,760 |
| 2-Bedroom | $1,682 | $20,184 |
| 3-Bedroom | $2,169 | $26,028 |
| 4-Bedroom | $2,689 | $32,268 |
To afford the FY2026 2-bedroom FMR of $1,682/mo under the 30%-of-income rule, a household needs about
$67,280/yr ($5,607/mo). Area Median Income is $98,900.
At FL's state minimum wage of $14.00/hr, a worker would need to work 93 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,426 | $1,480 | $1,682 | $2,169 | $2,689 |
| FY2025 | $1,367 | $1,375 | $1,609 | $2,137 | $2,702 |
| FY2024 | $1,269 | $1,297 | $1,523 | $2,065 | $2,585 |
| FY2023 | $1,053 | $1,122 | $1,299 | $1,785 | $2,213 |
| FY2022 | $903 | $1,010 | $1,170 | $1,613 | $1,983 |
| FY2021 | $855 | $933 | $1,088 | $1,515 | $1,784 |
| FY2020 | $735 | $805 | $939 | $1,318 | $1,480 |
FY2026 Income Limits
Area Median Income: $98,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,800 | $23,750 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,650 | $39,600 | $44,550 | $49,450 | $53,450 | $57,400 |
| 80% AMI | $55,400 | $63,300 | $71,200 | $79,100 | $85,450 | $91,800 |