Metro FMR · CBSA 37460 · HUD FY2026

Panama City, FL HUD Metro FMR Area Fair Market Rent

HUD's FY2026 Fair Market Rent for the Panama City, FL HUD Metro FMR Area metro area - 54% above the US average.

$1,480
1-bedroom FMR
$1,682
2-bedroom FMR
+7.6%
YoY change
+54%
vs US avg

The verdict

A 2-bedroom in the Panama City, FL HUD Metro FMR Area area rents at $1,682 under HUD's FY2026 Fair Market Rent - 43% above the US average, higher than 78% of the 387 metro areas HUD tracks.

#85
priciest of 387 US metros (2BR)
+43%
vs the US 2-bedroom average
$67,280
income to afford it (30% rule)
+7.6%
1BR change, FY2025→2026

Affordability & income context

Panama City: #85 priciest nationally · income context

At the metro's ACS median household income of $67,834, this 1-bedroom FMR takes 26.2% of annual income. It remains below the 30% affordability guide, but is a material part of a median-income household's budget.

The 2-bedroom figure places Panama City in the upper-rent quarter of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 206,069 residents, this is a smaller-metro benchmark rather than a single-neighborhood rent quote.

Its 2-bedroom FMR sits in the upper-rent quarter of HUD metro areas, so the local-income comparison is more informative than the national rank alone.

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$1,426/mo

25.2% of median income

1 Bedroom

$1,480/mo

26.2% of median income

2 Bedroom

$1,682/mo

29.8% of median income

3 Bedroom

$2,169/mo

38.4% of median income

4 Bedroom

$2,689/mo

47.6% of median income

FMR filing desk

CBSA CBSA·37460

Panama City: $1,480/mo 1BR · #85 of 387 metros (2BR) · FY2026 CBSA 37460

  • CBSA 37460
  • 1BR-FMR $1,480
  • 2BR-FMR $1,682
  • RANK-MID #85
  • YOY-SURGE +7.6%
  • VSUS-HIGH +54%
  • IN-ST-HIGH #15 FL
  • INC-MID 26%
  • POP-MID 206K
  • PHOTO-NEAR Baker County
  • VOUCH-90-110 $1,332–$1,628
  • FY-2026 FY2026

Photo-finish peer: Baker County ($558 1BR gap)

Read with: Understanding rent burden

Where Panama City sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$1,682 Top 22% higher than 78% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). Below this entry. $1,200–$1,400: 95 metro areas (25%). Below this entry. $1,400–$1,600: 52 metro areas (13%). Below this entry. $1,600–$1,800: 41 metro areas (11%). This entry sits in this band. $1,800–$2,000: 26 metro areas (7%). Above this entry. $2,000–$2,200: 9 metro areas (2%). Above this entry. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

CBSA 37460

Counties inside Panama City

HUD publishes one metro-wide FMR for CBSA 37460, but county-level schedules inside Panama City still diverge: 2 counties range from $1,017 (2BR in Washington) to $1,682 (Bay), a 65% spread. Bay is the largest county by population.

Bay County 2BR $1,682 · 181K Washington County 2BR $1,017 · 25K

Panama City studio–4BR schedule (FY2026) · 2BR #85 nationally

1BR $1,480 (+54% vs US, +7.6% YoY). Each bedroom band below is FY2026 HUD FMR for CBSA 37460.

Studio
$1,426
US avg $893
↑4.3% YoY +60% vs US
1 Bedroom
$1,480
US avg $959
↑7.6% YoY +54% vs US
2 Bedroom
$1,682
US avg $1,175
↑4.5% YoY +43% vs US
3 Bedroom
$2,169
US avg $1,525
↑1.5% YoY +42% vs US
4 Bedroom
$2,689
US avg $1,756
↓0.5% YoY +53% vs US

How Panama City compares on 1-bedroom rent

1-bedroom FMR vs other FL metro areas

1BR FMR / mo

What this shows Panama City highlighted among 5 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Panama City: out-of-state FMR & burden peers

PlainRent pairs Panama City with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside FL (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside FL

Nearest schedules by 2BR delta (FY2026).

Savannah
GA · 2 BR $1,680/mo
Santa Fe
NM · 2 BR $1,685/mo
Eugene-Springfield
OR · 2 BR $1,688/mo
Fairbanks-College
AK · 2 BR $1,676/mo

Burden % · outside FL

Nearest 2BR FMR ÷ ACS median income (FY2026).

Prescott Valley-Prescott
AZ · 29.7% of income · 2 BR $1,637/mo
Bozeman
MT · 29.6% of income · 2 BR $2,154/mo
Oxnard-Thousand Oaks-Ventura
CA · 30.1% of income · 2 BR $2,693/mo
Lake Havasu City-Kingman
AZ · 29.4% of income · 2 BR $1,365/mo

Panama City: quick answers

What is the average rent in the Panama City, FL HUD Metro FMR Area metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Panama City, FL HUD Metro FMR Area is $1,480 per month. A 2-bedroom is $1,682 and a studio is $1,426.
How does Panama City, FL HUD Metro FMR Area rent compare to the national average? ▼
Rent in the Panama City, FL HUD Metro FMR Area metro area is 54% above the national average. A 1-bedroom costs $1,480 compared to $959 nationally.
Where does Panama City rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $1,682 ranks #85 most expensive among 387 US metro areas (the upper-rent quarter of HUD metro areas).
Do county rents differ inside the Panama City metro area? ▼
Yes. HUD assigns one metro-wide FMR for CBSA 37460, but 2 constituent counties publish their own county FMR schedules spanning $1,017–$1,682 for a 2-bedroom (65% spread). Use county pages for filing at the county level.

Compare Panama City vs Baker County →

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $1,480/mo · 1BR FL

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.