HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Okaloosa County, Florida (FY 2026)
A two-bedroom in Okaloosa County carries a FY 2026 Fair Market Rent of $1,785 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Okaloosa keys off that figure.
2 bedroom FMR
$1,785
FY 2026, utilities included
Payment standard range
$1,607 to $1,964
90% to 110% of FMR
Income to afford 2BR
$71,400
per year, at 30% of income
Rank in Florida
18th of 67
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Okaloosa moves to $1,908. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Okaloosa actually rent for?
Search any address in Okaloosa for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,362 | $1,226 to $1,498 | $54,480 | $26.19/hr | +11.8% |
| 1 bedroom | $1,581 | $1,423 to $1,739 | $63,240 | $30.40/hr | +13.1% |
| 2 bedroom | $1,785 | $1,607 to $1,964 | $71,400 | $34.33/hr | +13.6% |
| 3 bedroom | $2,448 | $2,203 to $2,693 | $97,920 | $47.08/hr | +12.1% |
| 4 bedroom | $2,979 | $2,681 to $3,277 | $119,160 | $57.29/hr | +12.9% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,426 | $3,083 to $3,769 |
| 6 bedroom Estimate | $3,873 | $3,486 to $4,260 |
| 7 bedroom Estimate | $4,320 | $3,888 to $4,752 |
| 8 bedroom Estimate | $4,766 | $4,289 to $5,243 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Okaloosa, that runs from $1,362 for a studio up to $2,979 for four bedrooms, all five rates in the table above.
Okaloosa is its own HUD metro area (Crestview-Fort Walton Beach-Destin, FL), so the rate here is set from rents inside the county rather than a wider region.
Among Florida's 67 counties, Okaloosa ranks 18th for two-bedroom FMR. That's about 21% above the state median of $1,471 and about 75% above the national median county at $1,018. About 212,021 people live here, 26th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,420 in 32567 (Laurel Hill) and $2,420 in 32542 (Eglin Afb), with the 17 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 32531 | Baker | $1,450 | -18.8% |
| 32536 | Crestview | $1,670 | -6.4% |
| 32537 | Milligan | $1,785County rate | — |
| 32539 | Crestview | $1,580 | -11.5% |
| 32540 | Destin | $1,790 | +0.3% |
| 32541 | Destin | $2,380 | +33.3% |
| 32542 | Eglin Afb | $2,420 | +35.6% |
| 32544 | Hurlburt Field | $2,370 | +32.8% |
| 32547 | Fort Walton Beach | $1,690 | -5.3% |
| 32548 | Fort Walton Beach | $1,780 | -0.3% |
| 32549 | Fort Walton Beach | $1,790 | +0.3% |
| 32564 | Holt | $1,550 | -13.2% |
| 32567 | Laurel Hill | $1,420 | -20.4% |
| 32569 | Mary Esther | $1,710 | -4.2% |
| 32578 | Niceville | $2,120 | +18.8% |
| 32579 | Shalimar | $1,970 | +10.4% |
| 32580 | Valparaiso | $1,630 | -8.7% |
| 32588 | Niceville | $1,790 | +0.3% |
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Okaloosa somewhere between $1,607 and $1,964. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,785 a month is affordable, by HUD's 30% rule, on an income of roughly $71,400 a year. Put another way, $34 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,607) | HAP at 100% ($1,785) | HAP at 110% ($1,964) |
|---|---|---|---|---|
| $2,500 | $750 | $857 | $1,035 | $1,214 |
| $4,000 | $1,200 | $407 | $585 | $764 |
Rate history
The two-bedroom rate went up 14% from FY 2025 ($1,571) to FY 2026 ($1,785). Since FY 2020 it's up 60% in total, about 8.1% a year. The Florida median moved up 3% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $941 | $947 | $1,116 | $1,528 | $1,959 | — |
| FY 2021 | $977 | $983 | $1,168 | $1,559 | $2,022 | +4.7% |
| FY 2022 | $981 | $987 | $1,172 | $1,542 | $1,997 | +0.3% |
| FY 2023 | $1,058 | $1,126 | $1,314 | $1,753 | $2,238 | +12.1% |
| FY 2024 | $1,211 | $1,319 | $1,526 | $2,064 | $2,557 | +16.1% |
| FY 2025 | $1,218 | $1,398 | $1,571 | $2,184 | $2,638 | +2.9% |
| FY 2026 | $1,362 | $1,581 | $1,785 | $2,448 | $2,979 | +13.6% |
| FY 2027 | $1,421 | $1,706 | $1,908 | $2,616 | $3,189 | +6.9% |
Nearby counties
Walton County
$1,36423 mi · pop 76,618
Santa Rosa County
$1,47129 mi · pop 188,994
Escambia County
$1,47141 mi · pop 321,296
Holmes County
$1,07851 mi · pop 19,529
Washington County
$1,01752 mi · pop 25,014
Bay County
$1,68261 mi · pop 181,055
Jackson County
$1,06883 mi · pop 47,704
Calhoun County
$97386 mi · pop 13,753
Questions people ask
$1,785 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,362 for a studio, $1,581 for one bedroom, $2,448 for three and $2,979 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Okaloosa actually go for?
HUD's number is one input. Search any address in Okaloosa for a rent estimate built from nearby comps. 3 free searches, no card.
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