Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,470$17,640 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Dover, DE
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Dover, DE
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 | $1,158 | $13,896 | $46,320 | $22.27/hr |
| 1-Bedroom Apartment | $1,165 | $13,980 | $46,600 | $22.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,470 | $17,640 | $58,800 | $28.27/hr |
| 3-Bedroom Home | $2,044 | $24,528 | $81,760 | $39.31/hr |
| 4-Bedroom Home | $2,285 | $27,420 | $91,400 | $43.94/hr |
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Frequently Asked Questions About Rent in Dover, DE
What is the Fair Market Rent for a 2-bedroom in Dover, DE?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Dover, DE is $1,470 per month ($17,640 per year).
What hourly wage is needed to afford rent in Dover, DE?
To comfortably afford a 2-bedroom apartment at $1,470/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.27 per hour ($58,800/year).
What are the HUD Fair Market Rents by bedroom count in Dover, DE?
Official 2026 HUD rents in Dover, DE are: Studio: $1,158/mo, 1-Bedroom: $1,165/mo, 2-Bedroom: $1,470/mo, 3-Bedroom: $2,044/mo, and 4-Bedroom: $2,285/mo.
How do HUD Fair Market Rents compare to local incomes in Dover, DE?
At the local Census ACS median household income of $60,199/year ($5,017/month), the benchmark 2-bedroom Fair Market Rent represents 29.3% of monthly income.
How is the 30% housing affordability standard calculated in Dover, DE?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,470/month, the required minimum annual gross income is calculated as ($1,470 × 12) ÷ 0.30 = $58,800 per year.