Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,187$14,244 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Amherst County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Amherst County, VA
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 | $1,027 | $12,324 | $41,080 | $19.75/hr |
| 1-Bedroom Apartment | $1,033 | $12,396 | $41,320 | $19.87/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,187 | $14,244 | $47,480 | $22.83/hr |
| 3-Bedroom Home | $1,635 | $19,620 | $65,400 | $31.44/hr |
| 4-Bedroom Home | $1,750 | $21,000 | $70,000 | $33.65/hr |
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Frequently Asked Questions About Rent in Amherst County, VA
What is the Fair Market Rent for a 2-bedroom in Amherst County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Amherst County, VA is $1,187 per month ($14,244 per year).
What hourly wage is needed to afford rent in Amherst County, VA?
To comfortably afford a 2-bedroom apartment at $1,187/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.83 per hour ($47,480/year).
What are the HUD Fair Market Rents by bedroom count in Amherst County, VA?
Official 2026 HUD rents in Amherst County, VA are: Studio: $1,027/mo, 1-Bedroom: $1,033/mo, 2-Bedroom: $1,187/mo, 3-Bedroom: $1,635/mo, and 4-Bedroom: $1,750/mo.
How do HUD Fair Market Rents compare to local incomes in Amherst County, VA?
At the local Census ACS median household income of $68,724/year ($5,727/month), the benchmark 2-bedroom Fair Market Rent represents 20.7% of monthly income.
How is the 30% housing affordability standard calculated in Amherst County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,187/month, the required minimum annual gross income is calculated as ($1,187 × 12) ÷ 0.30 = $47,480 per year.