Affordable Housingby ZIP™
Rent calculator

Affordable & Low-Income Housing in Panama City, FL

22 affordable buildings in Panama City · 4 ZIP codes

Panama City, FL has 22 income-restricted buildings across 4 ZIP codes: 12 tax credit, 5 public housing, 8 Section 8, 2 senior, and 1 usda rural. These lists don't show openings — call to ask about vacancies and waiting lists.

In Panama City

Programs in Panama City

  • Tax credit12 buildings
  • Public housing5 buildings
  • Section 88 buildings
  • Seniors2 buildings
  • USDA rural1 building

ZIP codes in Panama City

Nearby cities

Housing authorities

Public housing in Panama City is run by these agencies. Apply with them, not at the building.

Rents and income limits in 32401

Fair market rent, 2 bedrooms
$1,520/mo
Income needed to pay it at 30% of income
$60,800/yr
Renters in 32401 paying 30% or more of income on rent
69%

Income limits (2026)

Panama City, FL area · median family income $98,900. Your household's yearly income before taxes must be at or below the limit.

PeopleExtremely low 30%Very low 50%Low 80%
1$20,800$34,650$55,400
2$23,750$39,600$63,300
3$27,320$44,550$71,200
4$33,000$49,450$79,100
5$38,680$53,450$85,450
6$44,360$57,400$91,800
7$50,040$61,350$98,100
8$55,720$65,300$104,450

Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.

Fair market rents (2027)

HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.

Size32401Wider area
Studio$1,290$1,414
1 bedroom$1,340$1,517
2 bedrooms$1,520$1,651
3 bedrooms$1,960$2,101
4 bedrooms$2,430$2,567

Wider area = Panama City, FL. Two-bedroom fair market rents in 6 nearby ZIPs range from $1,570 (32404) to $2,350 (32403).

Census figures for 32401 (2020–2024 average): median rent $1,152. Median household income $52,523. 40% of homes are rented. 69% of renters pay 30% or more of their income on rent, and 28% pay half or more.

Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.

Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.

Estimate your Section 8 rent share

Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 32401's fair market rent.

Estimate your Section 8 rent share for 32401

Frequently Asked Questions

Is there Section 8 housing in Panama City, FL?

Yes — this directory lists income-restricted buildings in Panama City, FL, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.

Do affordable housing buildings in Panama City, FL have openings?

These lists for Panama City, FL don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.

How do I apply for affordable housing in Panama City, FL?

Use the phone number on each building card in Panama City, FL. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.

What counts as affordable housing in Panama City, FL?

In Panama City, FL, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.

How many affordable housing buildings are in Panama City, FL?

This directory lists 22 income-restricted buildings in Panama City, FL. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.

Which ZIP codes in Panama City have affordable housing?

Income-restricted buildings in Panama City are listed in 32401 (12), 32405 (8), 32404 (1), 32408 (1).

Where do I apply for public housing in Panama City?

Public housing in Panama City is run by Panama City Housing Authority and Housing Authority of Springfield. Apply with those agencies, not at the building. For project-based Section 8 and tax-credit apartments, call the phone number on the building card.

People Also Ask

How do I qualify for affordable housing in Panama City, FL?

Most income-restricted buildings in Panama City, FL serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $34,650, and $49,450 for a 4-person household. Public housing can go up to 80% ($55,400 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.

What is the income limit for low-income housing in Panama City, FL?

For many programs in Panama City, FL, the 2026 HUD very low-income (50%) limit is $34,650 a year for 1 person and $49,450 for 4 people. The low-income (80%) limit is $55,400 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.

How long is the waiting list for Section 8 in Panama City, FL?

There is no single waiting list for Panama City, FL. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.

What is the difference between Section 8 and public housing in Panama City, FL?

Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. This page lists public housing, project-based Section 8, tax-credit apartments in Panama City, FL. Estimate voucher rent share with the Section 8 calculator.

How much rent do you pay for low-income housing in Panama City, FL?

In public housing and most Section 8 in Panama City, FL, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Panama City, FL is $1,520 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.

Can I use a Section 8 voucher at affordable apartments in Panama City, FL?

A Housing Choice Voucher is not automatically accepted at every building in Panama City, FL. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.

Is there senior affordable housing in Panama City, FL?

Yes — this directory flags senior (often 62+) buildings in Panama City, FL. Use the Seniors filter on the list. Age rules vary; call to confirm.

Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.

Map loads here…

In this city