Rental Benchmark Overview
2-Bedroom Benchmark Rent
$935$11,220 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cherokee County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cherokee 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 | $645 | $7,740 | $25,800 | $12.40/hr |
| 1-Bedroom Apartment | $713 | $8,556 | $28,520 | $13.71/hr |
| 2-Bedroom ApartmentStandard Benchmark | $935 | $11,220 | $37,400 | $17.98/hr |
| 3-Bedroom Home | $1,290 | $15,480 | $51,600 | $24.81/hr |
| 4-Bedroom Home | $1,497 | $17,964 | $59,880 | $28.79/hr |
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Frequently Asked Questions About Rent in Cherokee County, NC
What is the Fair Market Rent for a 2-bedroom in Cherokee County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cherokee County, NC is $935 per month ($11,220 per year).
What hourly wage is needed to afford rent in Cherokee County, NC?
To comfortably afford a 2-bedroom apartment at $935/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.98 per hour ($37,400/year).
What are the HUD Fair Market Rents by bedroom count in Cherokee County, NC?
Official 2026 HUD rents in Cherokee County, NC are: Studio: $645/mo, 1-Bedroom: $713/mo, 2-Bedroom: $935/mo, 3-Bedroom: $1,290/mo, and 4-Bedroom: $1,497/mo.
How do HUD Fair Market Rents compare to local incomes in Cherokee County, NC?
At the local Census ACS median household income of $53,628/year ($4,469/month), the benchmark 2-bedroom Fair Market Rent represents 20.9% of monthly income.
How is the 30% housing affordability standard calculated in Cherokee County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $935/month, the required minimum annual gross income is calculated as ($935 × 12) ÷ 0.30 = $37,400 per year.