Rental Benchmark Overview
2-Bedroom Benchmark Rent
$959$11,508 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Buckingham County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Buckingham 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 | $830 | $9,960 | $33,200 | $15.96/hr |
| 1-Bedroom Apartment | $875 | $10,500 | $35,000 | $16.83/hr |
| 2-Bedroom ApartmentStandard Benchmark | $959 | $11,508 | $38,360 | $18.44/hr |
| 3-Bedroom Home | $1,266 | $15,192 | $50,640 | $24.35/hr |
| 4-Bedroom Home | $1,419 | $17,028 | $56,760 | $27.29/hr |
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Frequently Asked Questions About Rent in Buckingham County, VA
What is the Fair Market Rent for a 2-bedroom in Buckingham County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Buckingham County, VA is $959 per month ($11,508 per year).
What hourly wage is needed to afford rent in Buckingham County, VA?
To comfortably afford a 2-bedroom apartment at $959/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.44 per hour ($38,360/year).
What are the HUD Fair Market Rents by bedroom count in Buckingham County, VA?
Official 2026 HUD rents in Buckingham County, VA are: Studio: $830/mo, 1-Bedroom: $875/mo, 2-Bedroom: $959/mo, 3-Bedroom: $1,266/mo, and 4-Bedroom: $1,419/mo.
How do HUD Fair Market Rents compare to local incomes in Buckingham County, VA?
At the local Census ACS median household income of $60,828/year ($5,069/month), the benchmark 2-bedroom Fair Market Rent represents 18.9% of monthly income.
How is the 30% housing affordability standard calculated in Buckingham County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $959/month, the required minimum annual gross income is calculated as ($959 × 12) ÷ 0.30 = $38,360 per year.