Walton County, FL: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,4742-bedroom FMR, FY2027

$1,3541-bedroom FMR, FY2027

$78,10080% income limit, family of 4 (FY2026)

$97,600Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Walton County is $1,474 a month, up 8.1% from $1,364 in FY2026. Walton County belongs to the Walton County, FL HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Walton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,123	$1,058	+6.1%	$1,011 – $1,235
1 bedroom	$1,354	$1,244	+8.8%	$1,219 – $1,489
2 bedrooms	$1,474	$1,364	+8.1%	$1,327 – $1,621
3 bedrooms	$2,041	$1,897	+7.6%	$1,837 – $2,245
4 bedrooms	$2,464	$2,288	+7.7%	$2,218 – $2,710

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Walton County that is typically $1,327 to $1,621 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$56,630median income of renter households

$1,741Median gross rent, all units

37%Rent-to-income ratio (median rent ÷ median renter income)

56%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $56,630 can afford about $1,416 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,474 is $58 (4.1%) more than that. To rent a two-bedroom at the FMR, a household needs $58,960 a year under the 30% rule, or $53,064 under the common landlord rule that income must be three times the rent.

Walton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,741 ±$115
Median income of renter households	$56,630 ±$11,700
Renters paying 30% or more of income (cost-burdened)	56.3% ±7.5
Renters paying 50% or more (severely cost-burdened)	23.5% ±4.8
Renter households (where the share can be computed)	6,637

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$979	$1,741	+77.8%
Median renter household income	$38,134	$56,630	+48.5%
Renters paying 30%+ of income	56.2%	56.3%	+0.1 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,230 to $2,260 depending on the ZIP code.

All 14 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
32413	$1,590	$1,710	$1,860	$2,370	$2,890
32422	$1,120	$1,350	$1,470	$2,040	$2,460
32433	$1,230	$1,430	$1,610	$2,210	$2,690
32435	$960	$1,120	$1,230	$1,710	$2,060
32439	$1,100	$1,320	$1,440	$1,990	$2,410
32455	$960	$1,120	$1,230	$1,710	$2,060
32459	$1,400	$1,690	$1,840	$2,550	$3,080
32461	$1,680	$2,030	$2,210	$3,060	$3,690
32462	$1,290	$1,340	$1,520	$1,960	$2,430
32464	$960	$1,120	$1,230	$1,710	$2,060
32539	$1,240	$1,490	$1,660	$2,280	$2,780
32550	$1,530	$1,850	$2,010	$2,780	$3,360
32567	$1,230	$1,430	$1,610	$2,210	$2,690
32578	$1,680	$2,020	$2,260	$3,100	$3,770

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Walton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $97,600 (FY2025: $99,500, −1.9%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$20,550 −1.2%	$23,450 −1.3%	$27,320 +2.3%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$34,200 −1.2%	$39,050 −1.3%	$43,950 −1.3%	$48,800 −1.3%	$52,750 −1.3%	$56,650 −1.3%	$60,550 −1.3%	$64,450 −1.3%
Low income (80%)	$54,700 −1.3%	$62,500 −1.3%	$70,300 −1.3%	$78,100 −1.3%	$84,350 −1.3%	$90,600 −1.3%	$96,850 −1.3%	$103,100 −1.3%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.