Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,200$14,400 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Granville County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Granville County, NC
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 | $1,026 | $12,312 | $41,040 | $19.73/hr |
| 1-Bedroom Apartment | $1,084 | $13,008 | $43,360 | $20.85/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,200 | $14,400 | $48,000 | $23.08/hr |
| 3-Bedroom Home | $1,571 | $18,852 | $62,840 | $30.21/hr |
| 4-Bedroom Home | $1,700 | $20,400 | $68,000 | $32.69/hr |
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Frequently Asked Questions About Rent in Granville County, NC
What is the Fair Market Rent for a 2-bedroom in Granville County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Granville County, NC is $1,200 per month ($14,400 per year).
What hourly wage is needed to afford rent in Granville County, NC?
To comfortably afford a 2-bedroom apartment at $1,200/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.08 per hour ($48,000/year).
What are the HUD Fair Market Rents by bedroom count in Granville County, NC?
Official 2026 HUD rents in Granville County, NC are: Studio: $1,026/mo, 1-Bedroom: $1,084/mo, 2-Bedroom: $1,200/mo, 3-Bedroom: $1,571/mo, and 4-Bedroom: $1,700/mo.
How do HUD Fair Market Rents compare to local incomes in Granville County, NC?
At the local Census ACS median household income of $71,111/year ($5,926/month), the benchmark 2-bedroom Fair Market Rent represents 20.3% of monthly income.
How is the 30% housing affordability standard calculated in Granville County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,200/month, the required minimum annual gross income is calculated as ($1,200 × 12) ÷ 0.30 = $48,000 per year.