Florida · FIPS 12091 · HUD FY 2027
Okaloosa County, Florida Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Okaloosa County is $1,908 a month (rent plus utilities), 3% below the Florida average of $1,962 and 8% above the U.S. average of $1,761. That is up $123 (6.9%) from FY 2026. At 30% of income, a household needs about $76,320 a year to afford it.
- $1,9082-bedroom FMR+$123 (+6.9%) vs FY 2026
- $1,7061-bedroom FMRFlorida: $1,665 · U.S.: $1,478
- $76,320Income for a 2-bedroom$37/hour full-time
- 18 of 672BR rank in Florida1 = highest rent
| Unit | Okaloosa County FY 2027 | FY 2026 | Change | Florida avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,421 | $1,362 | +$59 (+4.3%) | $1,566 | $1,379 | $56,840 |
| 1 bedroom | $1,706 | $1,581 | +$125 (+7.9%) | $1,665 | $1,478 | $68,240 |
| 2 bedrooms | $1,908 | $1,785 | +$123 (+6.9%) | $1,962 | $1,761 | $76,320 |
| 3 bedrooms | $2,616 | $2,448 | +$168 (+6.9%) | $2,532 | $2,266 | $104,640 |
| 4 bedrooms | $3,189 | $2,979 | +$210 (+7.0%) | $2,947 | $2,607 | $127,560 |
How Okaloosa County compares
- HUD sets this rent for the Crestview-Fort Walton Beach-Destin, FL metro FMR area, which covers 216,599 residents in 1 county.
- Across Florida, 2-bedroom FMRs run from $953 (Taylor County) to $2,564 (Miami-Dade County).
- Studio to 4-bedroom: $1,421, $1,706, $1,908, $2,616, $3,189. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 13 ZIP codes mostly in Okaloosa County (by land area), the 2-bedroom figure ranges from $1,610 to $2,530.
Small Area FMRs by ZIP code in Okaloosa County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 32531 | $1,230 | $1,430 | $1,610 | $2,210 | $2,690 | +$160 (+11.0%) | 16% below |
| 32536 | $1,310 | $1,570 | $1,760 | $2,410 | $2,940 | +$90 (+5.4%) | 8% below |
| 32539 | $1,240 | $1,490 | $1,660 | $2,280 | $2,780 | +$80 (+5.1%) | 13% below |
| 32541 | $1,840 | $2,210 | $2,470 | $3,390 | $4,130 | +$90 (+3.8%) | 29% above |
| 32542 | $1,880 | $2,260 | $2,530 | $3,470 | $4,230 | +$110 (+4.5%) | 33% above |
| 32544 | $1,820 | $2,190 | $2,450 | $3,360 | $4,100 | +$80 (+3.4%) | 28% above |
| 32547 | $1,380 | $1,650 | $1,850 | $2,540 | $3,090 | +$160 (+9.5%) | 3% below |
| 32548 | $1,420 | $1,710 | $1,910 | $2,620 | $3,190 | +$130 (+7.3%) | about the same as |
| 32567 | $1,230 | $1,430 | $1,610 | $2,210 | $2,690 | +$190 (+13.4%) | 16% below |
| 32569 | $1,400 | $1,680 | $1,880 | $2,580 | $3,140 | +$170 (+9.9%) | 1% below |
| 32578 | $1,680 | $2,020 | $2,260 | $3,100 | $3,770 | +$140 (+6.6%) | 18% above |
| 32579 | $1,510 | $1,810 | $2,030 | $2,780 | $3,390 | +$60 (+3.0%) | 6% above |
| 32580 | $1,240 | $1,490 | $1,670 | $2,290 | $2,790 | +$40 (+2.5%) | 12% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.