Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,037$12,444 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Gray County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Gray County, TX
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 | $785 | $9,420 | $31,400 | $15.10/hr |
| 1-Bedroom Apartment | $790 | $9,480 | $31,600 | $15.19/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,037 | $12,444 | $41,480 | $19.94/hr |
| 3-Bedroom Home | $1,243 | $14,916 | $49,720 | $23.90/hr |
| 4-Bedroom Home | $1,373 | $16,476 | $54,920 | $26.40/hr |
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Frequently Asked Questions About Rent in Gray County, TX
What is the Fair Market Rent for a 2-bedroom in Gray County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Gray County, TX is $1,037 per month ($12,444 per year).
What hourly wage is needed to afford rent in Gray County, TX?
To comfortably afford a 2-bedroom apartment at $1,037/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.94 per hour ($41,480/year).
What are the HUD Fair Market Rents by bedroom count in Gray County, TX?
Official 2026 HUD rents in Gray County, TX are: Studio: $785/mo, 1-Bedroom: $790/mo, 2-Bedroom: $1,037/mo, 3-Bedroom: $1,243/mo, and 4-Bedroom: $1,373/mo.
How do HUD Fair Market Rents compare to local incomes in Gray County, TX?
At the local Census ACS median household income of $59,614/year ($4,968/month), the benchmark 2-bedroom Fair Market Rent represents 20.9% of monthly income.
How is the 30% housing affordability standard calculated in Gray County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,037/month, the required minimum annual gross income is calculated as ($1,037 × 12) ÷ 0.30 = $41,480 per year.