Rental Benchmark Overview
2-Bedroom Benchmark Rent
$904$10,848 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Floyd County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Floyd County, KY
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 | $646 | $7,752 | $25,840 | $12.42/hr |
| 1-Bedroom Apartment | $689 | $8,268 | $27,560 | $13.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $904 | $10,848 | $36,160 | $17.38/hr |
| 3-Bedroom Home | $1,109 | $13,308 | $44,360 | $21.33/hr |
| 4-Bedroom Home | $1,212 | $14,544 | $48,480 | $23.31/hr |
See comprehensive cost of living profile for Floyd County, KY →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Kentucky:
Frequently Asked Questions About Rent in Floyd County, KY
What is the Fair Market Rent for a 2-bedroom in Floyd County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Floyd County, KY is $904 per month ($10,848 per year).
What hourly wage is needed to afford rent in Floyd County, KY?
To comfortably afford a 2-bedroom apartment at $904/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.38 per hour ($36,160/year).
What are the HUD Fair Market Rents by bedroom count in Floyd County, KY?
Official 2026 HUD rents in Floyd County, KY are: Studio: $646/mo, 1-Bedroom: $689/mo, 2-Bedroom: $904/mo, 3-Bedroom: $1,109/mo, and 4-Bedroom: $1,212/mo.
How do HUD Fair Market Rents compare to local incomes in Floyd County, KY?
At the local Census ACS median household income of $41,279/year ($3,440/month), the benchmark 2-bedroom Fair Market Rent represents 26.3% of monthly income.
How is the 30% housing affordability standard calculated in Floyd County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $904/month, the required minimum annual gross income is calculated as ($904 × 12) ÷ 0.30 = $36,160 per year.