Bay County, Florida rent (HUD Fair Market Rents, FY2027)
HUD's Fair Market Rent for a 2-bedroom in Bay County is $1,651 a month for FY2027 (HUD, effective Oct 1, 2026; verified Oct 22, 2026). Inside the county, HUD's Small Area FMRs for a 2-bedroom range from $1,520 (ZIP 32401) to $2,350 (ZIP 32403).
Last updated Oct 22, 2026 · Last verified Oct 22, 2026
Data: HUD FY2027 (effective Oct 1, 2026)
How much is rent for a 2-bedroom in Bay County?
HUD's FY2027 Fair Market Rent for a 2-bedroom in Bay County, Florida is $1,651 a month, including utilities. Studios are $1,414 and 3-bedrooms are $2,101.
| Unit size | FY2027 rent | FY2026 rent | Change |
|---|---|---|---|
| Studio (0-bedroom) | $1,414 | $1,426 | −$12 (-0.8%) |
| 1-bedroom | $1,517 | $1,480 | +$37 (+2.5%) |
| 2-bedroom | $1,651 | $1,682 | −$31 (-1.8%) |
| 3-bedroom | $2,101 | $2,169 | −$68 (-3.1%) |
| 4-bedroom | $2,567 | $2,689 | −$122 (-4.5%) |
Bay County is part of the Panama City, FL HUD Metro FMR Area.
Is rent in Bay County higher than the Florida average?
Bay County's 2-bedroom FMR is $177 above the median Florida county ($1,474), ranking 27 of 67.
- $953–$1,040
- $1,041–$1,323
- $1,324–$1,650
- $1,651–$1,916
- $1,917–$2,564
What is rent by ZIP code in Bay County?
HUD publishes Small Area FMRs for 12 ZIP codes in Bay County. Inside the county, HUD's Small Area FMRs for a 2-bedroom range from $1,520 (ZIP 32401) to $2,350 (ZIP 32403).
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 32401 | $1,290 | $1,340 | $1,520 | $1,960 | $2,430 |
| 32403 | $2,010 | $2,160 | $2,350 | $2,990 | $3,650 |
| 32404 | $1,340 | $1,440 | $1,570 | $2,000 | $2,440 |
| 32405 | $1,420 | $1,520 | $1,660 | $2,110 | $2,580 |
| 32407 | $1,800 | $1,930 | $2,100 | $2,670 | $3,260 |
| 32408 | $1,410 | $1,520 | $1,650 | $2,100 | $2,570 |
| 32409 | $1,290 | $1,340 | $1,520 | $1,960 | $2,430 |
| 32410 | $1,810 | $1,940 | $2,110 | $2,690 | $3,280 |
| 32413 | $1,590 | $1,710 | $1,860 | $2,370 | $2,890 |
| 32438 | $1,290 | $1,340 | $1,520 | $1,960 | $2,430 |
| 32444 | $1,470 | $1,580 | $1,720 | $2,190 | $2,670 |
| 32466 | $1,290 | $1,340 | $1,520 | $1,960 | $2,430 |
Which cities in Bay County have rent pages?
How does Bay County compare with the median Florida county?
The table compares every unit size with the median of Florida's 67 county FMRs.
| Unit size | Bay County | Median Florida county | Difference |
|---|---|---|---|
| Studio (0-bedroom) | $1,414 | $1,186 | +$228 |
| 1-bedroom | $1,517 | $1,264 | +$253 |
| 2-bedroom | $1,651 | $1,474 | +$177 |
| 3-bedroom | $2,101 | $1,837 | +$264 |
| 4-bedroom | $2,567 | $2,028 | +$539 |
Compare Bay County with another place →
What is a Fair Market Rent?
A Fair Market Rent (FMR) is HUD's estimate of the 40th percentile gross rent (rent plus utilities) for standard-quality units rented by recent movers in a metro area or nonmetro county. HUD uses it to set Housing Choice Voucher limits. It is not an average asking rent.
Sources
- HUD FY2027 Fair Market Rents, county-level data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- Federal Register notice of FY2027 FMRs (91 FR 56156): effective October 1, 2026 (verified Oct 22, 2026)
- HUD: FY2027 FMR reevaluation requests (no Florida areas listed) (verified Oct 22, 2026)
- HUD FY2027 Fair Market Rent schedule (PDF) (verified Oct 22, 2026)
- HUD USER: Fair Market Rents (definitions and documentation) (verified Oct 22, 2026)
- HUD FY2026 Fair Market Rents, county-level data file (revised; prior-year column) (verified Oct 22, 2026)
- HUD FY2027 Small Area Fair Market Rents data file (effective Oct 1, 2026) (verified Oct 22, 2026)
Last updated: Oct 22, 2026 · Next review: Jan 15, 2027 · Download CSV (county FMRs) · Download CSV (ZIP and city SAFMRs) · Methodology