Rental Benchmark Overview
2-Bedroom Benchmark Rent
$985$11,820 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Fannin County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Fannin County, TX
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 | $679 | $8,148 | $27,160 | $13.06/hr |
| 1-Bedroom Apartment | $751 | $9,012 | $30,040 | $14.44/hr |
| 2-Bedroom ApartmentStandard Benchmark | $985 | $11,820 | $39,400 | $18.94/hr |
| 3-Bedroom Home | $1,370 | $16,440 | $54,800 | $26.35/hr |
| 4-Bedroom Home | $1,652 | $19,824 | $66,080 | $31.77/hr |
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Frequently Asked Questions About Rent in Fannin County, TX
What is the Fair Market Rent for a 2-bedroom in Fannin County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Fannin County, TX is $985 per month ($11,820 per year).
What hourly wage is needed to afford rent in Fannin County, TX?
To comfortably afford a 2-bedroom apartment at $985/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.94 per hour ($39,400/year).
What are the HUD Fair Market Rents by bedroom count in Fannin County, TX?
Official 2026 HUD rents in Fannin County, TX are: Studio: $679/mo, 1-Bedroom: $751/mo, 2-Bedroom: $985/mo, 3-Bedroom: $1,370/mo, and 4-Bedroom: $1,652/mo.
How do HUD Fair Market Rents compare to local incomes in Fannin County, TX?
At the local Census ACS median household income of $72,295/year ($6,025/month), the benchmark 2-bedroom Fair Market Rent represents 16.3% of monthly income.
How is the 30% housing affordability standard calculated in Fannin County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $985/month, the required minimum annual gross income is calculated as ($985 × 12) ÷ 0.30 = $39,400 per year.