FY2026 Fair Market Rents — Okaloosa County
Studio
$1,362
1BR
$1,581
2BR
$1,785
3BR
$2,448
4BR
$2,979
Okaloosa County, Florida
FIPS 12091 · County-level FMR and income limit data
FMR Area: Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,362 | $16,344 |
| 1-Bedroom | $1,581 | $18,972 |
| 2-Bedroom | $1,785 | $21,420 |
| 3-Bedroom | $2,448 | $29,376 |
| 4-Bedroom | $2,979 | $35,748 |
To afford the FY2026 2-bedroom FMR of $1,785/mo under the 30%-of-income rule, a household needs about
$71,400/yr ($5,950/mo). Area Median Income is $106,700.
At FL's state minimum wage of $14.00/hr, a worker would need to work 99 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,362 | $1,581 | $1,785 | $2,448 | $2,979 |
| FY2025 | $1,218 | $1,398 | $1,571 | $2,184 | $2,638 |
| FY2024 | $1,211 | $1,319 | $1,526 | $2,064 | $2,557 |
| FY2023 | $1,058 | $1,126 | $1,314 | $1,753 | $2,238 |
| FY2022 | $981 | $987 | $1,172 | $1,542 | $1,997 |
| FY2021 | $977 | $983 | $1,168 | $1,559 | $2,022 |
| FY2020 | $941 | $947 | $1,116 | $1,528 | $1,959 |
FY2026 Income Limits
Area Median Income: $106,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,400 | $25,600 | $28,800 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,350 | $42,700 | $48,050 | $53,350 | $57,650 | $61,900 |
| 80% AMI | $59,750 | $68,300 | $76,850 | $85,350 | $92,200 | $99,050 |