Rental Benchmark Overview
2-Bedroom Benchmark Rent
$950$11,400 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Geneva County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Geneva County, AL
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 | $757 | $9,084 | $30,280 | $14.56/hr |
| 1-Bedroom Apartment | $762 | $9,144 | $30,480 | $14.65/hr |
| 2-Bedroom ApartmentStandard Benchmark | $950 | $11,400 | $38,000 | $18.27/hr |
| 3-Bedroom Home | $1,288 | $15,456 | $51,520 | $24.77/hr |
| 4-Bedroom Home | $1,428 | $17,136 | $57,120 | $27.46/hr |
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Frequently Asked Questions About Rent in Geneva County, AL
What is the Fair Market Rent for a 2-bedroom in Geneva County, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Geneva County, AL is $950 per month ($11,400 per year).
What hourly wage is needed to afford rent in Geneva County, AL?
To comfortably afford a 2-bedroom apartment at $950/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.27 per hour ($38,000/year).
What are the HUD Fair Market Rents by bedroom count in Geneva County, AL?
Official 2026 HUD rents in Geneva County, AL are: Studio: $757/mo, 1-Bedroom: $762/mo, 2-Bedroom: $950/mo, 3-Bedroom: $1,288/mo, and 4-Bedroom: $1,428/mo.
How do HUD Fair Market Rents compare to local incomes in Geneva County, AL?
At the local Census ACS median household income of $52,771/year ($4,398/month), the benchmark 2-bedroom Fair Market Rent represents 21.6% of monthly income.
How is the 30% housing affordability standard calculated in Geneva County, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $950/month, the required minimum annual gross income is calculated as ($950 × 12) ÷ 0.30 = $38,000 per year.