Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,040$12,480 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Craighead County, AR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Craighead County, AR
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 | $805 | $9,660 | $32,200 | $15.48/hr |
| 1-Bedroom Apartment | $870 | $10,440 | $34,800 | $16.73/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,040 | $12,480 | $41,600 | $20.00/hr |
| 3-Bedroom Home | $1,402 | $16,824 | $56,080 | $26.96/hr |
| 4-Bedroom Home | $1,480 | $17,760 | $59,200 | $28.46/hr |
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Frequently Asked Questions About Rent in Craighead County, AR
What is the Fair Market Rent for a 2-bedroom in Craighead County, AR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Craighead County, AR is $1,040 per month ($12,480 per year).
What hourly wage is needed to afford rent in Craighead County, AR?
To comfortably afford a 2-bedroom apartment at $1,040/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.00 per hour ($41,600/year).
What are the HUD Fair Market Rents by bedroom count in Craighead County, AR?
Official 2026 HUD rents in Craighead County, AR are: Studio: $805/mo, 1-Bedroom: $870/mo, 2-Bedroom: $1,040/mo, 3-Bedroom: $1,402/mo, and 4-Bedroom: $1,480/mo.
How do HUD Fair Market Rents compare to local incomes in Craighead County, AR?
At the local Census ACS median household income of $59,548/year ($4,962/month), the benchmark 2-bedroom Fair Market Rent represents 21% of monthly income.
How is the 30% housing affordability standard calculated in Craighead County, AR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,040/month, the required minimum annual gross income is calculated as ($1,040 × 12) ÷ 0.30 = $41,600 per year.