Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,682$20,184 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Bay County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Bay County, FL
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,426 | $17,112 | $57,040 | $27.42/hr |
| 1-Bedroom Apartment | $1,480 | $17,760 | $59,200 | $28.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,682 | $20,184 | $67,280 | $32.35/hr |
| 3-Bedroom Home | $2,169 | $26,028 | $86,760 | $41.71/hr |
| 4-Bedroom Home | $2,689 | $32,268 | $107,560 | $51.71/hr |
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Frequently Asked Questions About Rent in Bay County, FL
What is the Fair Market Rent for a 2-bedroom in Bay County, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Bay County, FL is $1,682 per month ($20,184 per year).
What hourly wage is needed to afford rent in Bay County, FL?
To comfortably afford a 2-bedroom apartment at $1,682/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $32.35 per hour ($67,280/year).
What are the HUD Fair Market Rents by bedroom count in Bay County, FL?
Official 2026 HUD rents in Bay County, FL are: Studio: $1,426/mo, 1-Bedroom: $1,480/mo, 2-Bedroom: $1,682/mo, 3-Bedroom: $2,169/mo, and 4-Bedroom: $2,689/mo.
How do HUD Fair Market Rents compare to local incomes in Bay County, FL?
At the local Census ACS median household income of $73,533/year ($6,128/month), the benchmark 2-bedroom Fair Market Rent represents 27.4% of monthly income.
How is the 30% housing affordability standard calculated in Bay County, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,682/month, the required minimum annual gross income is calculated as ($1,682 × 12) ÷ 0.30 = $67,280 per year.