Panama City Beach, Florida rent by ZIP (HUD Small Area FMRs, FY2027)
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom in Panama City Beach is $1,980 a month, the median of its 2 ZIP codes (HUD, effective Oct 1, 2026; verified Oct 22, 2026). Its ZIP codes range from $1,860 (32413) to $2,100 (32407).
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 Panama City Beach?
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom in Panama City Beach, Florida is $1,980 a month, including utilities (median of 2 ZIP codes: 32407, 32413).
| Unit size | FY2027 rent | FY2026 rent | Change |
|---|---|---|---|
| Studio (0-bedroom) | $1,695 | $1,730 | −$35 (-2.0%) |
| 1-bedroom | $1,820 | $1,795 | +$25 (+1.4%) |
| 2-bedroom | $1,980 | $2,040 | −$60 (-2.9%) |
| 3-bedroom | $2,520 | $2,630 | −$110 (-4.2%) |
| 4-bedroom | $3,075 | $3,260 | −$185 (-5.7%) |
What is rent by ZIP code in Panama City Beach?
HUD sets a separate Small Area FMR for each ZIP code. Its ZIP codes range from $1,860 (32413) to $2,100 (32407).
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 32407 | $1,800 | $1,930 | $2,100 | $2,670 | $3,260 |
| 32413 | $1,590 | $1,710 | $1,860 | $2,370 | $2,890 |
Is rent in Panama City Beach higher than in Bay County overall?
Panama City Beach's 2-bedroom figure is $329 above Bay County's FY2027 Fair Market Rent of $1,651.
How does Panama City Beach compare with Bay County?
Panama City Beach's figures are HUD Small Area FMRs; the county column is HUD's countywide Fair Market Rent.
| Unit size | Panama City Beach | Bay County | Difference |
|---|---|---|---|
| Studio (0-bedroom) | $1,695 | $1,414 | +$281 |
| 1-bedroom | $1,820 | $1,517 | +$303 |
| 2-bedroom | $1,980 | $1,651 | +$329 |
| 3-bedroom | $2,520 | $2,101 | +$419 |
| 4-bedroom | $3,075 | $2,567 | +$508 |
Compare Panama City Beach with another place →
What is a Small Area Fair Market Rent?
A Small Area Fair Market Rent (SAFMR) is the same estimate calculated for a single ZIP code, so it shows how rents differ inside a metro area.
Bay County rent → · More about Bay County →
Sources
- HUD FY2027 Small Area Fair Market Rents 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 Rents, county-level data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- HUD USER: Fair Market Rents (definitions and documentation) (verified Oct 22, 2026)
- HUD FY2026 Small Area FMRs data file (revised; prior-year column) (verified Oct 22, 2026)
- Census 2020 ZCTA-to-place relationship file (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