Affordable & Low-Income Housing in Panama City, FL 32405
8 affordable buildings in 32405 · 22 more within 10 mi
Panama City, FL 32405 has 8 income-restricted buildings: 6 tax credit, 1 public housing, 4 Section 8, and 1 senior. 22 more are listed within 10 miles. These lists don't show openings — call to ask about vacancies and waiting lists.
In 32405
Asbell, Fletcher Black, Massalina
2051 Lisenby Ave, Panama City, FL 32405
47 units · 1 BR
- Apply through Panama City Housing Authority
- Residents waited about 13 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
No buildings in 32405 match this filter.
Nearby
The 20 closest of 22 in nearby ZIPs. Pick a ZIP below to see all of them.
Royal Arms Garden Apartments
1420 Balboa Ave, Panama City, FL 32401
1.9 mi away
88 units · 80 income-restricted · 1–3 BR
Reserve at Northshore
2101 W Hwy 390, Lynn Haven, FL 32444
1.9 mi away
200 units · 40 income-restricted · 1–4+ BR
The Park at Palo Alto
1450 N Palo Alto Ave Apt 324, Panama City, FL 32401
2 mi away
120 units · 12 income-restricted · 1–3 BR
- Apply through Panama City Housing Authority
- Residents waited about 22 months to move in (HUD, Oct 2026)
Pinnacle at Hammock Crossings
2216 Hammock Square Drive, Lynn Haven, FL 32444
2 mi away
92 units · 1–3 BR
Fletcher Black (Phase 1)
875 W 11th St Apt 411, Panama City, FL 32401
2.2 mi away
100 units · 10 income-restricted
- Apply through Panama City Housing Authority
Magnolia Pointe (Panama City)
2437 E 11th St, Panama City, FL 32401
3.2 mi away
100 units · 2–4+ BR
- Affordability period may have ended — call to confirm
Kurze I
1004 Kurze Ave, Panama City, FL 32401
3.3 mi away
4 units
- Affordability period may have ended — call to confirm
Kurze II
1009 N Church Ave, Panama City, FL 32401
3.4 mi away
20 units
- Affordability period may have ended — call to confirm
Dickinson, Kirkland, Oakland Gardens
1025 Everitt Ave, Panama City, FL 32401
3.6 mi away
193 units · 1–3 BR
- Apply through Panama City Housing Authority
- Residents waited about 14 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
Champion/Johnson Memorial
739 Sanders Ln, Panama City, FL 32401
4.2 mi away
40 units · 1–3 BR
- Apply through Housing Authority of Springfield
- Residents waited about 42 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
Gibb Springfield Village
3301-3407 E 4th St, Panama City, FL 32401
4.3 mi away
12 units · 11 income-restricted · 1–2 BR · People with disabilities
Gibb Gulf Coast Village
6200 N Lagoon Dr, Panama City, FL 32408
5.9 mi away
40 units · 39 income-restricted · 1–2 BR · People with disabilities
Sand Dunes Apartments
8011 Front Beach Road, Panama City Beach, FL 32407
6.4 mi away
104 units · 1–3 BR · People with disabilities
Stone Harbor
1 Hunt Club Cir, Panama City Beach, FL 32407
9.2 mi away
160 units · 157 income-restricted · 1–4+ BR
No nearby buildings match this filter.
Rents and income limits in 32405
- Fair market rent, 2 bedrooms
- $1,660/mo
- Income needed to pay it at 30% of income
- $66,400/yr
- Renters in 32405 paying 30% or more of income on rent
- 60%
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.
| People | Extremely 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.
| Size | 32405 | Wider area |
|---|---|---|
| Studio | $1,420 | $1,414 |
| 1 bedroom | $1,520 | $1,517 |
| 2 bedrooms | $1,660 | $1,651 |
| 3 bedrooms | $2,110 | $2,101 |
| 4 bedrooms | $2,580 | $2,567 |
Wider area = Panama City, FL. Two-bedroom fair market rents in 5 nearby ZIPs range from $1,520 (32401) to $2,100 (32407).
Census figures for 32405 (2020–2024 average): median rent $1,467. Median household income $73,373. 40% of homes are rented. 60% of renters pay 30% or more of their income on rent, and 21% 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 32405's fair market rent.
Estimate your Section 8 rent share for 32405Frequently Asked Questions
Is there Section 8 housing in Panama City, FL 32405?
Yes — this directory lists income-restricted buildings in Panama City, FL 32405, 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 32405 have openings?
These lists for Panama City, FL 32405 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 32405?
Use the phone number on each building card in Panama City, FL 32405. 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 32405?
In Panama City, FL 32405, 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 ZIP 32405?
This directory lists 8 income-restricted buildings in Panama City, FL 32405. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.
Is there affordable housing near 32405?
Yes — this page also lists 22 income-restricted buildings in ZIP codes near Panama City, FL 32405 (within about 10 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Panama City, FL 32405?
Most income-restricted buildings in Panama City, FL 32405 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 32405?
For many programs in Panama City, FL 32405, 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 32405?
There is no single waiting list for Panama City, FL 32405. 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 32405?
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 32405. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Panama City, FL 32405?
In public housing and most Section 8 in Panama City, FL 32405, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Panama City, FL 32405 is $1,660 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 32405?
A Housing Choice Voucher is not automatically accepted at every building in Panama City, FL 32405. 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 32405?
Yes — this directory flags senior (often 62+) buildings in Panama City, FL 32405. Use the Seniors filter on the list. Age rules vary; call to confirm.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
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