Rental Benchmark Overview
2-Bedroom Benchmark Rent
$978$11,736 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Alleghany County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Alleghany County, NC
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $740 | $8,880 | $29,600 | $14.23/hr |
| 1-Bedroom Apartment | $745 | $8,940 | $29,800 | $14.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $978 | $11,736 | $39,120 | $18.81/hr |
| 3-Bedroom Home | $1,173 | $14,076 | $46,920 | $22.56/hr |
| 4-Bedroom Home | $1,470 | $17,640 | $58,800 | $28.27/hr |
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Frequently Asked Questions About Rent in Alleghany County, NC
What is the Fair Market Rent for a 2-bedroom in Alleghany County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Alleghany County, NC is $978 per month ($11,736 per year).
What hourly wage is needed to afford rent in Alleghany County, NC?
To comfortably afford a 2-bedroom apartment at $978/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.81 per hour ($39,120/year).
What are the HUD Fair Market Rents by bedroom count in Alleghany County, NC?
Official 2026 HUD rents in Alleghany County, NC are: Studio: $740/mo, 1-Bedroom: $745/mo, 2-Bedroom: $978/mo, 3-Bedroom: $1,173/mo, and 4-Bedroom: $1,470/mo.
How do HUD Fair Market Rents compare to local incomes in Alleghany County, NC?
At the local Census ACS median household income of $47,172/year ($3,931/month), the benchmark 2-bedroom Fair Market Rent represents 24.9% of monthly income.
How is the 30% housing affordability standard calculated in Alleghany County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $978/month, the required minimum annual gross income is calculated as ($978 × 12) ÷ 0.30 = $39,120 per year.