Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,198$14,376 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Carteret County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Carteret County, NC
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 | $907 | $10,884 | $36,280 | $17.44/hr |
| 1-Bedroom Apartment | $913 | $10,956 | $36,520 | $17.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,198 | $14,376 | $47,920 | $23.04/hr |
| 3-Bedroom Home | $1,541 | $18,492 | $61,640 | $29.63/hr |
| 4-Bedroom Home | $1,966 | $23,592 | $78,640 | $37.81/hr |
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Frequently Asked Questions About Rent in Carteret County, NC
What is the Fair Market Rent for a 2-bedroom in Carteret County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Carteret County, NC is $1,198 per month ($14,376 per year).
What hourly wage is needed to afford rent in Carteret County, NC?
To comfortably afford a 2-bedroom apartment at $1,198/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.04 per hour ($47,920/year).
What are the HUD Fair Market Rents by bedroom count in Carteret County, NC?
Official 2026 HUD rents in Carteret County, NC are: Studio: $907/mo, 1-Bedroom: $913/mo, 2-Bedroom: $1,198/mo, 3-Bedroom: $1,541/mo, and 4-Bedroom: $1,966/mo.
How do HUD Fair Market Rents compare to local incomes in Carteret County, NC?
At the local Census ACS median household income of $72,322/year ($6,027/month), the benchmark 2-bedroom Fair Market Rent represents 19.9% of monthly income.
How is the 30% housing affordability standard calculated in Carteret County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,198/month, the required minimum annual gross income is calculated as ($1,198 × 12) ÷ 0.30 = $47,920 per year.