Rental Benchmark Overview
2-Bedroom Benchmark Rent
$902$10,824 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cherokee County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cherokee County, SC
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 | $755 | $9,060 | $30,200 | $14.52/hr |
| 1-Bedroom Apartment | $795 | $9,540 | $31,800 | $15.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $902 | $10,824 | $36,080 | $17.35/hr |
| 3-Bedroom Home | $1,135 | $13,620 | $45,400 | $21.83/hr |
| 4-Bedroom Home | $1,349 | $16,188 | $53,960 | $25.94/hr |
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Frequently Asked Questions About Rent in Cherokee County, SC
What is the Fair Market Rent for a 2-bedroom in Cherokee County, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cherokee County, SC is $902 per month ($10,824 per year).
What hourly wage is needed to afford rent in Cherokee County, SC?
To comfortably afford a 2-bedroom apartment at $902/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.35 per hour ($36,080/year).
What are the HUD Fair Market Rents by bedroom count in Cherokee County, SC?
Official 2026 HUD rents in Cherokee County, SC are: Studio: $755/mo, 1-Bedroom: $795/mo, 2-Bedroom: $902/mo, 3-Bedroom: $1,135/mo, and 4-Bedroom: $1,349/mo.
How do HUD Fair Market Rents compare to local incomes in Cherokee County, SC?
At the local Census ACS median household income of $50,288/year ($4,191/month), the benchmark 2-bedroom Fair Market Rent represents 21.5% of monthly income.
How is the 30% housing affordability standard calculated in Cherokee County, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $902/month, the required minimum annual gross income is calculated as ($902 × 12) ÷ 0.30 = $36,080 per year.