Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,095$13,140 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Goodhue County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Goodhue County, MN
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 | $755 | $9,060 | $30,200 | $14.52/hr |
| 1-Bedroom Apartment | $901 | $10,812 | $36,040 | $17.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,095 | $13,140 | $43,800 | $21.06/hr |
| 3-Bedroom Home | $1,523 | $18,276 | $60,920 | $29.29/hr |
| 4-Bedroom Home | $1,837 | $22,044 | $73,480 | $35.33/hr |
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Frequently Asked Questions About Rent in Goodhue County, MN
What is the Fair Market Rent for a 2-bedroom in Goodhue County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Goodhue County, MN is $1,095 per month ($13,140 per year).
What hourly wage is needed to afford rent in Goodhue County, MN?
To comfortably afford a 2-bedroom apartment at $1,095/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.06 per hour ($43,800/year).
What are the HUD Fair Market Rents by bedroom count in Goodhue County, MN?
Official 2026 HUD rents in Goodhue County, MN are: Studio: $755/mo, 1-Bedroom: $901/mo, 2-Bedroom: $1,095/mo, 3-Bedroom: $1,523/mo, and 4-Bedroom: $1,837/mo.
How do HUD Fair Market Rents compare to local incomes in Goodhue County, MN?
At the local Census ACS median household income of $84,171/year ($7,014/month), the benchmark 2-bedroom Fair Market Rent represents 15.6% of monthly income.
How is the 30% housing affordability standard calculated in Goodhue County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,095/month, the required minimum annual gross income is calculated as ($1,095 × 12) ÷ 0.30 = $43,800 per year.