Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,026$12,312 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Gooding County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Gooding County, ID
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 | $846 | $10,152 | $33,840 | $16.27/hr |
| 1-Bedroom Apartment | $851 | $10,212 | $34,040 | $16.37/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,026 | $12,312 | $41,040 | $19.73/hr |
| 3-Bedroom Home | $1,427 | $17,124 | $57,080 | $27.44/hr |
| 4-Bedroom Home | $1,721 | $20,652 | $68,840 | $33.10/hr |
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Frequently Asked Questions About Rent in Gooding County, ID
What is the Fair Market Rent for a 2-bedroom in Gooding County, ID?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Gooding County, ID is $1,026 per month ($12,312 per year).
What hourly wage is needed to afford rent in Gooding County, ID?
To comfortably afford a 2-bedroom apartment at $1,026/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.73 per hour ($41,040/year).
What are the HUD Fair Market Rents by bedroom count in Gooding County, ID?
Official 2026 HUD rents in Gooding County, ID are: Studio: $846/mo, 1-Bedroom: $851/mo, 2-Bedroom: $1,026/mo, 3-Bedroom: $1,427/mo, and 4-Bedroom: $1,721/mo.
How do HUD Fair Market Rents compare to local incomes in Gooding County, ID?
At the local Census ACS median household income of $63,559/year ($5,297/month), the benchmark 2-bedroom Fair Market Rent represents 19.4% of monthly income.
How is the 30% housing affordability standard calculated in Gooding County, ID?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,026/month, the required minimum annual gross income is calculated as ($1,026 × 12) ÷ 0.30 = $41,040 per year.