Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,314$15,768 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Caroline County, MD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Caroline County, MD
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 | $995 | $11,940 | $39,800 | $19.13/hr |
| 1-Bedroom Apartment | $1,001 | $12,012 | $40,040 | $19.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,314 | $15,768 | $52,560 | $25.27/hr |
| 3-Bedroom Home | $1,642 | $19,704 | $65,680 | $31.58/hr |
| 4-Bedroom Home | $2,184 | $26,208 | $87,360 | $42.00/hr |
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Frequently Asked Questions About Rent in Caroline County, MD
What is the Fair Market Rent for a 2-bedroom in Caroline County, MD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Caroline County, MD is $1,314 per month ($15,768 per year).
What hourly wage is needed to afford rent in Caroline County, MD?
To comfortably afford a 2-bedroom apartment at $1,314/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.27 per hour ($52,560/year).
What are the HUD Fair Market Rents by bedroom count in Caroline County, MD?
Official 2026 HUD rents in Caroline County, MD are: Studio: $995/mo, 1-Bedroom: $1,001/mo, 2-Bedroom: $1,314/mo, 3-Bedroom: $1,642/mo, and 4-Bedroom: $2,184/mo.
How do HUD Fair Market Rents compare to local incomes in Caroline County, MD?
At the local Census ACS median household income of $68,457/year ($5,705/month), the benchmark 2-bedroom Fair Market Rent represents 23% of monthly income.
How is the 30% housing affordability standard calculated in Caroline County, MD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,314/month, the required minimum annual gross income is calculated as ($1,314 × 12) ÷ 0.30 = $52,560 per year.