FY2027 Small Area FMR · Port Saint Joe, FL
ZIP 32456 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32456 (Port Saint Joe, FL) is $1,720 a month, down 9.9% from FY2026. That is 4% above the Panama City, FL area-wide FMR of $1,651.
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 32456 sits in the Panama City, FL area
Of the 22 ZIP codes HUD lists for the area, 32456 has the 5th highest two-bedroom Small Area FMR. Panama City, 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 $1,651 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,720 for this ZIP code instead.
ZIP code 32456 crosses more than one HUD area. HUD also lists it under Gulf County, 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 | $1,320 | $1,188 – $1,452 | $1,414 | $1,460 |
| 1 bedroom | $1,340 | $1,206 – $1,474 | $1,517 | $1,470 |
| 2 bedrooms | $1,720 | $1,548 – $1,892 | $1,651 | $1,910 |
| 3 bedrooms | $2,070 | $1,863 – $2,277 | $2,101 | $2,300 |
| 4 bedrooms | $2,430 | $2,187 – $2,673 | $2,567 | $2,560 |
A household renting a two-bedroom home at the Small Area FMR of $1,720 needs about $68,800 a year to keep housing costs at 30% of income. The area median family income is $98,900 and the 80% low-income limit for four people is $79,100. ZIP code 32456 lies mainly in Gulf County, Bay County and Franklin County. See the Panama City, 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 32456?
HUD's FY2027 Small Area Fair Market Rents for 32456 are $1,320 (studio), $1,340 (1 BR), $1,720 (2 BR), $2,070 (3 BR) and $2,430 (4 BR) a month.
What is the Section 8 payment standard in 32456?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32456 that range is $1,548 to $1,892 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 32456?
The FY2026 income limits of the Panama City, FL area apply: median family income $98,900, low-income (80%) limit $79,100 for a family of four.