Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,406$16,872 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Centre County, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Centre County, PA
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 | $1,187 | $14,244 | $47,480 | $22.83/hr |
| 1-Bedroom Apartment | $1,194 | $14,328 | $47,760 | $22.96/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,406 | $16,872 | $56,240 | $27.04/hr |
| 3-Bedroom Home | $1,760 | $21,120 | $70,400 | $33.85/hr |
| 4-Bedroom Home | $1,862 | $22,344 | $74,480 | $35.81/hr |
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Frequently Asked Questions About Rent in Centre County, PA
What is the Fair Market Rent for a 2-bedroom in Centre County, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Centre County, PA is $1,406 per month ($16,872 per year).
What hourly wage is needed to afford rent in Centre County, PA?
To comfortably afford a 2-bedroom apartment at $1,406/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $27.04 per hour ($56,240/year).
What are the HUD Fair Market Rents by bedroom count in Centre County, PA?
Official 2026 HUD rents in Centre County, PA are: Studio: $1,187/mo, 1-Bedroom: $1,194/mo, 2-Bedroom: $1,406/mo, 3-Bedroom: $1,760/mo, and 4-Bedroom: $1,862/mo.
How do HUD Fair Market Rents compare to local incomes in Centre County, PA?
At the local Census ACS median household income of $74,291/year ($6,191/month), the benchmark 2-bedroom Fair Market Rent represents 22.7% of monthly income.
How is the 30% housing affordability standard calculated in Centre County, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,406/month, the required minimum annual gross income is calculated as ($1,406 × 12) ÷ 0.30 = $56,240 per year.