About This Property
Magnolia Pointe provides 100 low-income rental units in Panama City designed to serve families. The property includes a mix of floor plans: 40 two-bedroom units, 48 three-bedroom units, and 12 four-bedroom units. Developed in 1998 with HOME funding and 9% LIHTC credits, the community continues to offer affordable housing options for qualified residents.
Waitlist Information
Waitlist managed by Panama City Housing Authority
All waitlists are currently closed and applications are not being accepted.
Contact administrator for more information.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Bay County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,269 |
| 1 Bedroom | $1,297 |
| 2 Bedroom | $1,523 |
| 3 Bedroom | $2,065 |
| 4 Bedroom | $2,585 |
Income Limits - Bay County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,150
- Very Low (50%)
- $23,550
- Low (80%)
- $37,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,000
- Low (80%)
- $62,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,700
- Low (80%)
- $66,650
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $44,400
- Low (80%)
- $70,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,150 | $23,550 | $37,650 |
| 2 Persons | $17,420 | $26,900 | $43,000 |
| 3 Persons | $21,960 | $30,250 | $48,400 |
| 4 Persons | $26,500 | $33,600 | $53,750 |
| 5 Persons | $31,040 | $36,300 | $58,050 |
| 6 Persons | $35,580 | $39,000 | $62,350 |
| 7 Persons | $40,120 | $41,700 | $66,650 |
| 8 Persons | $44,400 | $44,400 | $70,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Panama City, FL?+
The Fair Market Rent (FMR) for Bay County, FL is: $1269 (Studio), $1297 (1BR), $1523 (2BR), $2065 (3BR), $2585 (4BR). Actual rent at subsidized properties like Magnolia Pointe (Panama City) is typically 30% of household income or less.
What size apartments are available at Magnolia Pointe (Panama City)?+
Magnolia Pointe (Panama City) offers the following unit types: 40 Two-Bedroom, 48 Three-Bedroom, 12 Four-Bedroom units, for a total of 100 units.
What is the price range for apartments in Panama City, FL?+
Based on Fair Market Rent for Bay County, the estimated price range is: 2-bedroom: $1523, 3-bedroom: $2065. Actual rent at Magnolia Pointe (Panama City) may be lower for income-eligible households.
What are the income limits for affordable housing in Bay County, FL?+
For a 4-person household in Bay County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,600, Low Income (80% AMI): $53,750. These limits are set by HUD and updated annually.
How do I apply for housing at Magnolia Pointe (Panama City)?+
Magnolia Pointe (Panama City) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Magnolia Pointe (Panama City)?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Magnolia Pointe (Panama City)?+
Magnolia Pointe (Panama City) is managed by . You can reach them at .
Who is eligible to live at Magnolia Pointe (Panama City)?+
Magnolia Pointe (Panama City) primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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