Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,031$12,372 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Buffalo County, NE
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Buffalo County, NE
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 | $787 | $9,444 | $31,480 | $15.13/hr |
| 1-Bedroom Apartment | $863 | $10,356 | $34,520 | $16.60/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,031 | $12,372 | $41,240 | $19.83/hr |
| 3-Bedroom Home | $1,360 | $16,320 | $54,400 | $26.15/hr |
| 4-Bedroom Home | $1,730 | $20,760 | $69,200 | $33.27/hr |
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Frequently Asked Questions About Rent in Buffalo County, NE
What is the Fair Market Rent for a 2-bedroom in Buffalo County, NE?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Buffalo County, NE is $1,031 per month ($12,372 per year).
What hourly wage is needed to afford rent in Buffalo County, NE?
To comfortably afford a 2-bedroom apartment at $1,031/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.83 per hour ($41,240/year).
What are the HUD Fair Market Rents by bedroom count in Buffalo County, NE?
Official 2026 HUD rents in Buffalo County, NE are: Studio: $787/mo, 1-Bedroom: $863/mo, 2-Bedroom: $1,031/mo, 3-Bedroom: $1,360/mo, and 4-Bedroom: $1,730/mo.
How do HUD Fair Market Rents compare to local incomes in Buffalo County, NE?
At the local Census ACS median household income of $75,911/year ($6,326/month), the benchmark 2-bedroom Fair Market Rent represents 16.3% of monthly income.
How is the 30% housing affordability standard calculated in Buffalo County, NE?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,031/month, the required minimum annual gross income is calculated as ($1,031 × 12) ÷ 0.30 = $41,240 per year.