Rental Benchmark Overview
2-Bedroom Benchmark Rent
$927$11,124 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Gibson County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Gibson County, TN
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 | $645 | $7,740 | $25,800 | $12.40/hr |
| 1-Bedroom Apartment | $706 | $8,472 | $28,240 | $13.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $927 | $11,124 | $37,080 | $17.83/hr |
| 3-Bedroom Home | $1,289 | $15,468 | $51,560 | $24.79/hr |
| 4-Bedroom Home | $1,555 | $18,660 | $62,200 | $29.90/hr |
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Frequently Asked Questions About Rent in Gibson County, TN
What is the Fair Market Rent for a 2-bedroom in Gibson County, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Gibson County, TN is $927 per month ($11,124 per year).
What hourly wage is needed to afford rent in Gibson County, TN?
To comfortably afford a 2-bedroom apartment at $927/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.83 per hour ($37,080/year).
What are the HUD Fair Market Rents by bedroom count in Gibson County, TN?
Official 2026 HUD rents in Gibson County, TN are: Studio: $645/mo, 1-Bedroom: $706/mo, 2-Bedroom: $927/mo, 3-Bedroom: $1,289/mo, and 4-Bedroom: $1,555/mo.
How do HUD Fair Market Rents compare to local incomes in Gibson County, TN?
At the local Census ACS median household income of $62,755/year ($5,230/month), the benchmark 2-bedroom Fair Market Rent represents 17.7% of monthly income.
How is the 30% housing affordability standard calculated in Gibson County, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $927/month, the required minimum annual gross income is calculated as ($927 × 12) ÷ 0.30 = $37,080 per year.