Panama City Fair Market Rent 2026
HUD Fair Market Rent data for the Panama City metropolitan area. Median household income: $44,385/year. Vacancy rate: 6.4%.
2BR FMR
$879/mo
Median Income
$44,385
Vacancy Rate
6.4%
Rent Burden
23.8%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $44,385/year can afford up to $1,110/mo in rent.
The 2BR FMR of $879/mo represents 23.8% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 6.4% in Panama City indicates a moderate rental market. A balanced market with reasonable availability for renters.
Frequently Asked Questions
What is the average rent in Panama City?
The 2026 HUD FMR for a 2-bedroom in the Panama City metro area is $879/month. 1BR: $706, 3BR: $1,032.
What is the vacancy rate in Panama City?
The rental vacancy rate in Panama City is 6.4%. A rate below 5% typically indicates a tight rental market.
Is Panama City affordable for renters?
With a median income of $44,385 and 2BR rent at $879/mo, rent takes about 24% of income in Panama City.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
Renting in Panama City?
Search apartment listings in the Panama City area
Compare renters insurance quotes
Get moving company estimates
Explore rent-to-own programs
Find housing assistance programs