HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Walton County, Florida (FY 2026)
$1,364 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Walton County, and it's the baseline every voucher in Walton is measured against.
2 bedroom FMR
$1,364
FY 2026, utilities included
Payment standard range
$1,228 to $1,500
90% to 110% of FMR
Income to afford 2BR
$54,560
per year, at 30% of income
Rank in Florida
37th of 67
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Walton moves to $1,474. That's up 8%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Walton actually rent for?
Search any address in Walton 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 | $1,058 | $952 to $1,164 | $42,320 | $20.35/hr | +11.0% |
| 1 bedroom | $1,244 | $1,120 to $1,368 | $49,760 | $23.92/hr | +13.8% |
| 2 bedroom | $1,364 | $1,228 to $1,500 | $54,560 | $26.23/hr | +12.7% |
| 3 bedroom | $1,897 | $1,707 to $2,087 | $75,880 | $36.48/hr | +11.9% |
| 4 bedroom | $2,288 | $2,059 to $2,517 | $91,520 | $44.00/hr | +12.6% |
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 | $2,631 | $2,368 to $2,894 |
| 6 bedroom Estimate | $2,974 | $2,677 to $3,271 |
| 7 bedroom Estimate | $3,318 | $2,986 to $3,650 |
| 8 bedroom Estimate | $3,661 | $3,295 to $4,027 |
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 Walton, that runs from $1,058 for a studio up to $2,288 for four bedrooms, all five rates in the table above.
Walton is its own HUD metro area (Walton County, FL), so the rate here is set from rents inside the county rather than a wider region.
Among Florida's 67 counties, Walton ranks 37th for two-bedroom FMR. That's about 7% below the state median of $1,471 and about 34% above the national median county at $1,018. About 76,618 people live here, 39th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,090 in 32435 (Defuniak Springs) and $2,050 in 32461 (Rosemary Beach), with the 7 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.
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 Walton somewhere between $1,228 and $1,500. 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.
$1,364 a month is affordable, by HUD's 30% rule, on an income of roughly $54,560 a year. Put another way, $26 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% ($1,228) | HAP at 100% ($1,364) | HAP at 110% ($1,500) |
|---|---|---|---|---|
| $2,500 | $750 | $478 | $614 | $750 |
| $4,000 | $1,200 | $28 | $164 | $300 |
Rate history
The two-bedroom rate went up 13% from FY 2025 ($1,210) to FY 2026 ($1,364). Since FY 2020 it's up 55% in total, about 7.6% 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 | $751 | $773 | $880 | $1,269 | $1,545 | — |
| FY 2021 | $792 | $847 | $966 | $1,358 | $1,594 | +9.8% |
| FY 2022 | $786 | $885 | $1,008 | $1,326 | $1,456 | +4.3% |
| FY 2023 | $889 | $1,008 | $1,138 | $1,490 | $1,738 | +12.9% |
| FY 2024 | $944 | $1,061 | $1,191 | $1,598 | $1,972 | +4.7% |
| FY 2025 | $953 | $1,093 | $1,210 | $1,696 | $2,032 | +1.6% |
| FY 2026 | $1,058 | $1,244 | $1,364 | $1,897 | $2,288 | +12.7% |
| FY 2027 | $1,123 | $1,354 | $1,474 | $2,041 | $2,464 | +8.1% |
Nearby counties
Okaloosa County
$1,78523 mi · pop 212,021
Holmes County
$1,07829 mi · pop 19,529
Washington County
$1,01729 mi · pop 25,014
Bay County
$1,68243 mi · pop 181,055
Santa Rosa County
$1,47152 mi · pop 188,994
Jackson County
$1,06860 mi · pop 47,704
Calhoun County
$97363 mi · pop 13,753
Escambia County
$1,47164 mi · pop 321,296
Questions people ask
$1,364 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,058 for a studio, $1,244 for one bedroom, $1,897 for three and $2,288 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 Walton actually go for?
HUD's number is one input. Search any address in Walton for a rent estimate built from nearby comps. 3 free searches, no card.
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