Rental Benchmark Overview
2-Bedroom Benchmark Rent
$960$11,520 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Davidson County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Davidson 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 | $816 | $9,792 | $32,640 | $15.69/hr |
| 1-Bedroom Apartment | $876 | $10,512 | $35,040 | $16.85/hr |
| 2-Bedroom ApartmentStandard Benchmark | $960 | $11,520 | $38,400 | $18.46/hr |
| 3-Bedroom Home | $1,316 | $15,792 | $52,640 | $25.31/hr |
| 4-Bedroom Home | $1,591 | $19,092 | $63,640 | $30.60/hr |
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Frequently Asked Questions About Rent in Davidson County, NC
What is the Fair Market Rent for a 2-bedroom in Davidson County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Davidson County, NC is $960 per month ($11,520 per year).
What hourly wage is needed to afford rent in Davidson County, NC?
To comfortably afford a 2-bedroom apartment at $960/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.46 per hour ($38,400/year).
What are the HUD Fair Market Rents by bedroom count in Davidson County, NC?
Official 2026 HUD rents in Davidson County, NC are: Studio: $816/mo, 1-Bedroom: $876/mo, 2-Bedroom: $960/mo, 3-Bedroom: $1,316/mo, and 4-Bedroom: $1,591/mo.
How do HUD Fair Market Rents compare to local incomes in Davidson County, NC?
At the local Census ACS median household income of $64,172/year ($5,348/month), the benchmark 2-bedroom Fair Market Rent represents 18% of monthly income.
How is the 30% housing affordability standard calculated in Davidson County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $960/month, the required minimum annual gross income is calculated as ($960 × 12) ÷ 0.30 = $38,400 per year.