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RE Intelligence

Rental numbers for Gulf County, FL

The typical home here runs -$615 a month at 7.78% with 25% down, breaking even at about 4.6%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.1%.

Gross yield
8.1%
typical home, Zillow
Median ZIP yield
6.1%
1 ZIPs with full data
Cash flow
-$615/mo
at 7.78%, 25% down
Typical price
$399,000
Zillow ZHVI, Aug 2026
Typical rent
$2,695/mo
Zillow ZORI, Aug 2026

ZIP codes in Gulf County

2 with published figures

32465Wewahitchka$203,000$1,450*8.6%4.4%-$353n/a
32456Port Saint Joe$475,000$2,4256.1%3.0%-$1,365n/a

* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.

Trends

Five years to August 2026

Price, 12 months
-1.3%
Rent, 12 months
n/a
Rent minus price growth
n/a
Property tax
0.63%
effective rate, ACS 2024
Typical value (Zillow ZHVI) Rent (Zillow ZORI)Indexed to 100 at Aug 2021
10011012013014020222023202420252026
Show the numbers
MonthTypical valueRent
Aug 2021$323,031n/a
Aug 2022$399,672n/a
Aug 2023$417,487n/a
Aug 2024$423,416n/a
Aug 2025$404,206n/a
Aug 2026$399,009$2,695

HUD Fair Market Rent

FY2027, Gulf County, FL

BedroomsStudio1 bed2 bed3 bed4 bed
Fair Market Rent$1,161$1,168$1,532$1,837$2,028

The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.

Supply

Permits per 1,000 households
60.6
360 units, last 12 months
National percentile
100th
among US counties

Tools

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Questions

Is Gulf County good for rental property?
The typical home here runs -$615 a month at 7.78% with 25% down, breaking even at about 4.6%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.1%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
What is the property tax rate in Gulf County?
About 0.63% of value, from Census ACS median taxes paid over median home value. On a $399,000 home that is about $2,518 a year.
What is Fair Market Rent in Gulf County?
HUD's FY2027 Fair Market Rent here is $1,168 for a 1-bedroom, $1,532 for a 2-bedroom and $1,837 for a 3-bedroom. Typical cash flow at today's rate is -$615 a month.

Sources and method

Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.

Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.