Rental Benchmark Overview
2-Bedroom Benchmark Rent
$934$11,208 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Greenwood County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Greenwood County, SC
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 | $703 | $8,436 | $28,120 | $13.52/hr |
| 1-Bedroom Apartment | $757 | $9,084 | $30,280 | $14.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $934 | $11,208 | $37,360 | $17.96/hr |
| 3-Bedroom Home | $1,135 | $13,620 | $45,400 | $21.83/hr |
| 4-Bedroom Home | $1,275 | $15,300 | $51,000 | $24.52/hr |
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Frequently Asked Questions About Rent in Greenwood County, SC
What is the Fair Market Rent for a 2-bedroom in Greenwood County, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Greenwood County, SC is $934 per month ($11,208 per year).
What hourly wage is needed to afford rent in Greenwood County, SC?
To comfortably afford a 2-bedroom apartment at $934/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.96 per hour ($37,360/year).
What are the HUD Fair Market Rents by bedroom count in Greenwood County, SC?
Official 2026 HUD rents in Greenwood County, SC are: Studio: $703/mo, 1-Bedroom: $757/mo, 2-Bedroom: $934/mo, 3-Bedroom: $1,135/mo, and 4-Bedroom: $1,275/mo.
How do HUD Fair Market Rents compare to local incomes in Greenwood County, SC?
At the local Census ACS median household income of $52,830/year ($4,403/month), the benchmark 2-bedroom Fair Market Rent represents 21.2% of monthly income.
How is the 30% housing affordability standard calculated in Greenwood County, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $934/month, the required minimum annual gross income is calculated as ($934 × 12) ÷ 0.30 = $37,360 per year.