Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,184$14,208 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Craven County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Craven 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 | $897 | $10,764 | $35,880 | $17.25/hr |
| 1-Bedroom Apartment | $902 | $10,824 | $36,080 | $17.35/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,184 | $14,208 | $47,360 | $22.77/hr |
| 3-Bedroom Home | $1,591 | $19,092 | $63,640 | $30.60/hr |
| 4-Bedroom Home | $1,988 | $23,856 | $79,520 | $38.23/hr |
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Frequently Asked Questions About Rent in Craven County, NC
What is the Fair Market Rent for a 2-bedroom in Craven County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Craven County, NC is $1,184 per month ($14,208 per year).
What hourly wage is needed to afford rent in Craven County, NC?
To comfortably afford a 2-bedroom apartment at $1,184/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.77 per hour ($47,360/year).
What are the HUD Fair Market Rents by bedroom count in Craven County, NC?
Official 2026 HUD rents in Craven County, NC are: Studio: $897/mo, 1-Bedroom: $902/mo, 2-Bedroom: $1,184/mo, 3-Bedroom: $1,591/mo, and 4-Bedroom: $1,988/mo.
How do HUD Fair Market Rents compare to local incomes in Craven County, NC?
At the local Census ACS median household income of $65,873/year ($5,489/month), the benchmark 2-bedroom Fair Market Rent represents 21.6% of monthly income.
How is the 30% housing affordability standard calculated in Craven County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,184/month, the required minimum annual gross income is calculated as ($1,184 × 12) ÷ 0.30 = $47,360 per year.