FY2027 Small Area FMR · Destin, FL

ZIP 32541 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32541 (Destin, FL) is $2,470 a month, up 3.8% from FY2026. That is 29% above the Crestview-Fort Walton Beach-Destin, FL area-wide FMR of $1,908.

2-bedroom SAFMR$2,470per month ▲ 3.8%

Area-wide 2 BR FMR$1,908Crestview-Fort Walton Beach-

Rank in the area2ndof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,223

2 BR Small Area FMR$2,470

110% of SAFMR$2,717

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,840▲ 1.1%

1 BR$2,210▲ 4.7%

2 BR$2,470▲ 3.8%

3 BR$3,390▲ 4.0%

4 BR$4,130▲ 4.0%

FY2027 FY2026

Where 32541 sits in the Crestview-Fort Walton Beach-Destin, FL area

Of the 18 ZIP codes HUD lists for the area, 32541 has the 2nd highest two-bedroom Small Area FMR. Crestview-Fort Walton Beach-Destin, 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 $1,908 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,470 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,840	$1,656 – $2,024	$1,421	$1,820
1 bedroom	$2,210	$1,989 – $2,431	$1,706	$2,110
2 bedrooms	$2,470	$2,223 – $2,717	$1,908	$2,380
3 bedrooms	$3,390	$3,051 – $3,729	$2,616	$3,260
4 bedrooms	$4,130	$3,717 – $4,543	$3,189	$3,970

A household renting a two-bedroom home at the Small Area FMR of $2,470 needs about $98,800 a year to keep housing costs at 30% of income. The area median family income is $106,700 and the 80% low-income limit for four people is $85,350. ZIP code 32541 lies mainly in Okaloosa County. See the Crestview-Fort Walton Beach-Destin, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32542	Eglin Afb	5.5 mi	$2,530
32579	Shalimar	6.8 mi	$2,030
32580	Valparaiso	6.9 mi	$1,670
32550	Miramar Beach	7.8 mi	$2,010
32578	Niceville	8.0 mi	$2,260
32547	Fort Walton Beach	12.5 mi	$1,850

Questions

What is the Fair Market Rent for ZIP code 32541?

HUD's FY2027 Small Area Fair Market Rents for 32541 are $1,840 (studio), $2,210 (1 BR), $2,470 (2 BR), $3,390 (3 BR) and $4,130 (4 BR) a month.

What is the Section 8 payment standard in 32541?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32541 that range is $2,223 to $2,717 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32541?

The FY2026 income limits of the Crestview-Fort Walton Beach-Destin, FL area apply: median family income $106,700, low-income (80%) limit $85,350 for a family of four.