FY2027 Small Area FMR · Panama City Beach, FL
ZIP 32413 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32413 (Panama City Beach, FL) is $1,860 a month, up 1.1% from FY2026. That is 26% above the Walton County, FL area-wide FMR of $1,474.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 32413 sits in the Walton County, FL area
Of the 14 ZIP codes HUD lists for the area, 32413 has the 4th highest two-bedroom Small Area FMR. Walton County, FL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,474 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,860 for this ZIP code instead.
ZIP code 32413 crosses more than one HUD area. HUD also lists it under Panama City, FL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,590 | $1,431 – $1,749 | $1,123 | $1,560 |
| 1 bedroom | $1,710 | $1,539 – $1,881 | $1,354 | $1,620 |
| 2 bedrooms | $1,860 | $1,674 – $2,046 | $1,474 | $1,840 |
| 3 bedrooms | $2,370 | $2,133 – $2,607 | $2,041 | $2,370 |
| 4 bedrooms | $2,890 | $2,601 – $3,179 | $2,464 | $2,940 |
A household renting a two-bedroom home at the Small Area FMR of $1,860 needs about $74,400 a year to keep housing costs at 30% of income. The area median family income is $97,600 and the 80% low-income limit for four people is $78,100. ZIP code 32413 lies mainly in Bay County and Walton County. See the Walton County, FL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 32413?
HUD's FY2027 Small Area Fair Market Rents for 32413 are $1,590 (studio), $1,710 (1 BR), $1,860 (2 BR), $2,370 (3 BR) and $2,890 (4 BR) a month.
What is the Section 8 payment standard in 32413?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32413 that range is $1,674 to $2,046 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 32413?
The FY2026 income limits of the Walton County, FL area apply: median family income $97,600, low-income (80%) limit $78,100 for a family of four.