Rental Benchmark Overview
2-Bedroom Benchmark Rent
$866$10,392 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Carter County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Carter County, KY
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 | $698 | $8,376 | $27,920 | $13.42/hr |
| 1-Bedroom Apartment | $703 | $8,436 | $28,120 | $13.52/hr |
| 2-Bedroom ApartmentStandard Benchmark | $866 | $10,392 | $34,640 | $16.65/hr |
| 3-Bedroom Home | $1,204 | $14,448 | $48,160 | $23.15/hr |
| 4-Bedroom Home | $1,254 | $15,048 | $50,160 | $24.12/hr |
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Frequently Asked Questions About Rent in Carter County, KY
What is the Fair Market Rent for a 2-bedroom in Carter County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Carter County, KY is $866 per month ($10,392 per year).
What hourly wage is needed to afford rent in Carter County, KY?
To comfortably afford a 2-bedroom apartment at $866/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.65 per hour ($34,640/year).
What are the HUD Fair Market Rents by bedroom count in Carter County, KY?
Official 2026 HUD rents in Carter County, KY are: Studio: $698/mo, 1-Bedroom: $703/mo, 2-Bedroom: $866/mo, 3-Bedroom: $1,204/mo, and 4-Bedroom: $1,254/mo.
How do HUD Fair Market Rents compare to local incomes in Carter County, KY?
At the local Census ACS median household income of $51,235/year ($4,270/month), the benchmark 2-bedroom Fair Market Rent represents 20.3% of monthly income.
How is the 30% housing affordability standard calculated in Carter County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $866/month, the required minimum annual gross income is calculated as ($866 × 12) ÷ 0.30 = $34,640 per year.