Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,005$12,060 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Buena Vista city, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Buena Vista city, 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 | $870 | $10,440 | $34,800 | $16.73/hr |
| 1-Bedroom Apartment | $917 | $11,004 | $36,680 | $17.63/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,005 | $12,060 | $40,200 | $19.33/hr |
| 3-Bedroom Home | $1,398 | $16,776 | $55,920 | $26.88/hr |
| 4-Bedroom Home | $1,686 | $20,232 | $67,440 | $32.42/hr |
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Frequently Asked Questions About Rent in Buena Vista city, VA
What is the Fair Market Rent for a 2-bedroom in Buena Vista city, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Buena Vista city, VA is $1,005 per month ($12,060 per year).
What hourly wage is needed to afford rent in Buena Vista city, VA?
To comfortably afford a 2-bedroom apartment at $1,005/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.33 per hour ($40,200/year).
What are the HUD Fair Market Rents by bedroom count in Buena Vista city, VA?
Official 2026 HUD rents in Buena Vista city, VA are: Studio: $870/mo, 1-Bedroom: $917/mo, 2-Bedroom: $1,005/mo, 3-Bedroom: $1,398/mo, and 4-Bedroom: $1,686/mo.
How do HUD Fair Market Rents compare to local incomes in Buena Vista city, VA?
At the local Census ACS median household income of $57,833/year ($4,819/month), the benchmark 2-bedroom Fair Market Rent represents 20.9% of monthly income.
How is the 30% housing affordability standard calculated in Buena Vista city, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,005/month, the required minimum annual gross income is calculated as ($1,005 × 12) ÷ 0.30 = $40,200 per year.