FY2027 Small Area FMR · Miramar Beach, FL

ZIP 32550 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32550 (Miramar Beach, FL) is $2,010 a month, up 2.0% from FY2026. That is 36% above the Walton County, FL area-wide FMR of $1,474.

2-bedroom SAFMR$2,010per month ▲ 2.0%

Area-wide 2 BR FMR$1,474Walton County, FL

Rank in the area3rdof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,809

2 BR Small Area FMR$2,010

110% of SAFMR$2,211

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

Studio$1,530■ 0.0%

1 BR$1,850▲ 2.8%

2 BR$2,010▲ 2.0%

3 BR$2,780▲ 1.5%

4 BR$3,360▲ 1.8%

FY2027 FY2026

Where 32550 sits in the Walton County, FL area

Of the 14 ZIP codes HUD lists for the area, 32550 has the 3rd 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 $2,010 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	$1,530	$1,377 – $1,683	$1,123	$1,530
1 bedroom	$1,850	$1,665 – $2,035	$1,354	$1,800
2 bedrooms	$2,010	$1,809 – $2,211	$1,474	$1,970
3 bedrooms	$2,780	$2,502 – $3,058	$2,041	$2,740
4 bedrooms	$3,360	$3,024 – $3,696	$2,464	$3,300

A household renting a two-bedroom home at the Small Area FMR of $2,010 needs about $80,400 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 32550 lies mainly in Walton County. See the Walton County, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32541	Destin	7.8 mi	$2,470
32459	Santa Rosa Beach	9.8 mi	$1,840
32578	Niceville	10.6 mi	$2,260
32542	Eglin Afb	12.0 mi	$2,530
32580	Valparaiso	12.5 mi	$1,670
32579	Shalimar	14.3 mi	$2,030

Questions

What is the Fair Market Rent for ZIP code 32550?

HUD's FY2027 Small Area Fair Market Rents for 32550 are $1,530 (studio), $1,850 (1 BR), $2,010 (2 BR), $2,780 (3 BR) and $3,360 (4 BR) a month.

What is the Section 8 payment standard in 32550?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32550 that range is $1,809 to $2,211 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32550?

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.