Rental Benchmark Overview
2-Bedroom Benchmark Rent
$914$10,968 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Charlotte County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Charlotte County, VA
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 | $692 | $8,304 | $27,680 | $13.31/hr |
| 1-Bedroom Apartment | $697 | $8,364 | $27,880 | $13.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $914 | $10,968 | $36,560 | $17.58/hr |
| 3-Bedroom Home | $1,146 | $13,752 | $45,840 | $22.04/hr |
| 4-Bedroom Home | $1,533 | $18,396 | $61,320 | $29.48/hr |
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Frequently Asked Questions About Rent in Charlotte County, VA
What is the Fair Market Rent for a 2-bedroom in Charlotte County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Charlotte County, VA is $914 per month ($10,968 per year).
What hourly wage is needed to afford rent in Charlotte County, VA?
To comfortably afford a 2-bedroom apartment at $914/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.58 per hour ($36,560/year).
What are the HUD Fair Market Rents by bedroom count in Charlotte County, VA?
Official 2026 HUD rents in Charlotte County, VA are: Studio: $692/mo, 1-Bedroom: $697/mo, 2-Bedroom: $914/mo, 3-Bedroom: $1,146/mo, and 4-Bedroom: $1,533/mo.
How do HUD Fair Market Rents compare to local incomes in Charlotte County, VA?
At the local Census ACS median household income of $58,000/year ($4,833/month), the benchmark 2-bedroom Fair Market Rent represents 18.9% of monthly income.
How is the 30% housing affordability standard calculated in Charlotte County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $914/month, the required minimum annual gross income is calculated as ($914 × 12) ÷ 0.30 = $36,560 per year.