Rental Benchmark Overview
2-Bedroom Benchmark Rent
$915$10,980 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Fayette County, WV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Fayette County, WV
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 | $631 | $7,572 | $25,240 | $12.13/hr |
| 1-Bedroom Apartment | $697 | $8,364 | $27,880 | $13.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $915 | $10,980 | $36,600 | $17.60/hr |
| 3-Bedroom Home | $1,195 | $14,340 | $47,800 | $22.98/hr |
| 4-Bedroom Home | $1,535 | $18,420 | $61,400 | $29.52/hr |
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Frequently Asked Questions About Rent in Fayette County, WV
What is the Fair Market Rent for a 2-bedroom in Fayette County, WV?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Fayette County, WV is $915 per month ($10,980 per year).
What hourly wage is needed to afford rent in Fayette County, WV?
To comfortably afford a 2-bedroom apartment at $915/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.60 per hour ($36,600/year).
What are the HUD Fair Market Rents by bedroom count in Fayette County, WV?
Official 2026 HUD rents in Fayette County, WV are: Studio: $631/mo, 1-Bedroom: $697/mo, 2-Bedroom: $915/mo, 3-Bedroom: $1,195/mo, and 4-Bedroom: $1,535/mo.
How do HUD Fair Market Rents compare to local incomes in Fayette County, WV?
At the local Census ACS median household income of $53,194/year ($4,433/month), the benchmark 2-bedroom Fair Market Rent represents 20.6% of monthly income.
How is the 30% housing affordability standard calculated in Fayette County, WV?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $915/month, the required minimum annual gross income is calculated as ($915 × 12) ÷ 0.30 = $36,600 per year.