Rental Benchmark Overview
2-Bedroom Benchmark Rent
$967$11,604 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Assumption Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Assumption Parish, LA
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 | $801 | $9,612 | $32,040 | $15.40/hr |
| 1-Bedroom Apartment | $806 | $9,672 | $32,240 | $15.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $967 | $11,604 | $38,680 | $18.60/hr |
| 3-Bedroom Home | $1,345 | $16,140 | $53,800 | $25.87/hr |
| 4-Bedroom Home | $1,556 | $18,672 | $62,240 | $29.92/hr |
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Frequently Asked Questions About Rent in Assumption Parish, LA
What is the Fair Market Rent for a 2-bedroom in Assumption Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Assumption Parish, LA is $967 per month ($11,604 per year).
What hourly wage is needed to afford rent in Assumption Parish, LA?
To comfortably afford a 2-bedroom apartment at $967/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.60 per hour ($38,680/year).
What are the HUD Fair Market Rents by bedroom count in Assumption Parish, LA?
Official 2026 HUD rents in Assumption Parish, LA are: Studio: $801/mo, 1-Bedroom: $806/mo, 2-Bedroom: $967/mo, 3-Bedroom: $1,345/mo, and 4-Bedroom: $1,556/mo.
How do HUD Fair Market Rents compare to local incomes in Assumption Parish, LA?
At the local Census ACS median household income of $51,423/year ($4,285/month), the benchmark 2-bedroom Fair Market Rent represents 22.6% of monthly income.
How is the 30% housing affordability standard calculated in Assumption Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $967/month, the required minimum annual gross income is calculated as ($967 × 12) ÷ 0.30 = $38,680 per year.