Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,430$17,160 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Dare County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Dare 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 | $1,120 | $13,440 | $44,800 | $21.54/hr |
| 1-Bedroom Apartment | $1,305 | $15,660 | $52,200 | $25.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,430 | $17,160 | $57,200 | $27.50/hr |
| 3-Bedroom Home | $1,821 | $21,852 | $72,840 | $35.02/hr |
| 4-Bedroom Home | $1,893 | $22,716 | $75,720 | $36.40/hr |
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Frequently Asked Questions About Rent in Dare County, NC
What is the Fair Market Rent for a 2-bedroom in Dare County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Dare County, NC is $1,430 per month ($17,160 per year).
What hourly wage is needed to afford rent in Dare County, NC?
To comfortably afford a 2-bedroom apartment at $1,430/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $27.50 per hour ($57,200/year).
What are the HUD Fair Market Rents by bedroom count in Dare County, NC?
Official 2026 HUD rents in Dare County, NC are: Studio: $1,120/mo, 1-Bedroom: $1,305/mo, 2-Bedroom: $1,430/mo, 3-Bedroom: $1,821/mo, and 4-Bedroom: $1,893/mo.
How do HUD Fair Market Rents compare to local incomes in Dare County, NC?
At the local Census ACS median household income of $88,994/year ($7,416/month), the benchmark 2-bedroom Fair Market Rent represents 19.3% of monthly income.
How is the 30% housing affordability standard calculated in Dare County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,430/month, the required minimum annual gross income is calculated as ($1,430 × 12) ÷ 0.30 = $57,200 per year.