About This Property
Panama Commons comprises 92 units in Panama City, FL, serving families with a mix of 50 two-bedroom, 34 three-bedroom, and 8 four-bedroom homes. The property has been in service since 2011. For more information about availability and application procedures, interested parties may contact the management office.
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
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
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 Panama Commons is typically 30% of household income or less.
What size apartments are available at Panama Commons?+
Panama Commons offers the following unit types: 50 Two-Bedroom, 34 Three-Bedroom, 8 Four-Bedroom units, for a total of 92 units.
Who is eligible to live at Panama Commons?+
Panama Commons primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Panama Commons?+
Panama Commons is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.
Who manages Panama Commons?+
Panama Commons is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Panama Commons?+
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.
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 Panama Commons 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.
What is the HUD inspection score for Panama Commons?+
Panama Commons has a HUD inspection score of 99 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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