Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,027$12,324 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Golden Valley County, ND
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Golden Valley County, ND
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 | $820 | $9,840 | $32,800 | $15.77/hr |
| 1-Bedroom Apartment | $826 | $9,912 | $33,040 | $15.88/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,027 | $12,324 | $41,080 | $19.75/hr |
| 3-Bedroom Home | $1,428 | $17,136 | $57,120 | $27.46/hr |
| 4-Bedroom Home | $1,723 | $20,676 | $68,920 | $33.13/hr |
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Frequently Asked Questions About Rent in Golden Valley County, ND
What is the Fair Market Rent for a 2-bedroom in Golden Valley County, ND?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Golden Valley County, ND is $1,027 per month ($12,324 per year).
What hourly wage is needed to afford rent in Golden Valley County, ND?
To comfortably afford a 2-bedroom apartment at $1,027/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.75 per hour ($41,080/year).
What are the HUD Fair Market Rents by bedroom count in Golden Valley County, ND?
Official 2026 HUD rents in Golden Valley County, ND are: Studio: $820/mo, 1-Bedroom: $826/mo, 2-Bedroom: $1,027/mo, 3-Bedroom: $1,428/mo, and 4-Bedroom: $1,723/mo.
How do HUD Fair Market Rents compare to local incomes in Golden Valley County, ND?
At the local Census ACS median household income of $68,021/year ($5,668/month), the benchmark 2-bedroom Fair Market Rent represents 18.1% of monthly income.
How is the 30% housing affordability standard calculated in Golden Valley County, ND?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,027/month, the required minimum annual gross income is calculated as ($1,027 × 12) ÷ 0.30 = $41,080 per year.