Logo Panama City Fair Market Rent FY 2023 Panama City, FL MSA Rental Data

Fair Market Rent Prices in Panama City, FL :
$1,053 $1,122 $1,299 $1,785 $2,213
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Panama City are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Panama City is $1,299 per month.

The previous year, rent for a two-bedroom home was $1,170 per month. This is a 11.03% increase year-over-year.

This FMR rate applies to Rosemary Beach, FL, Mexico Beach, FL, Ebro, FL, Vernon, FL, Fountain, FL, Youngstown, FL, Port Saint Joe, FL, Lynn Haven, FL, Panama City Beach, FL, Panama City, FL and other cities within the region. The Metro Code or CBSA code for this region is METRO37460M37460.

Additionally, This Fair Market Rent (FMR) area Panama City, FL MSA spans one county or city in Florida which is listed in the table below. Estimated population of Panama City, FL MSA FMR area is 180,076 people based on latest Census data.

Compared to the rest of Florida, the Panama City FMR area is more expensive than 76% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Panama City. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Panama City

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1142
1-BR 1-Bedroom $ 1216
2-BR 2-Bedroom $ 1408
3-BR 3-Bedroom $ 1934
4-BR 4-Bedroom $ 2398
Change Year:

There is just one county (listed below) within the Panama City, FL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Panama City.

County / Region Est. Population
Panama City, FL Metro 180,076
Zip Codes in Panama City, FL MSA

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

32401, 32402, 32403, 32404, 32405, 32406, 32407, 32408, 32409, 32410, 32411, 32413, 32417, 32437, 32438, 32444, 32456, 32461, 32462 and 32466

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