Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,573$18,876 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Hampshire County, WV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Hampshire County, WV
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 | $1,133 | $13,596 | $45,320 | $21.79/hr |
| 1-Bedroom Apartment | $1,255 | $15,060 | $50,200 | $24.13/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,573 | $18,876 | $62,920 | $30.25/hr |
| 3-Bedroom Home | $1,965 | $23,580 | $78,600 | $37.79/hr |
| 4-Bedroom Home | $2,639 | $31,668 | $105,560 | $50.75/hr |
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Frequently Asked Questions About Rent in Hampshire County, WV
What is the Fair Market Rent for a 2-bedroom in Hampshire County, WV?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Hampshire County, WV is $1,573 per month ($18,876 per year).
What hourly wage is needed to afford rent in Hampshire County, WV?
To comfortably afford a 2-bedroom apartment at $1,573/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.25 per hour ($62,920/year).
What are the HUD Fair Market Rents by bedroom count in Hampshire County, WV?
Official 2026 HUD rents in Hampshire County, WV are: Studio: $1,133/mo, 1-Bedroom: $1,255/mo, 2-Bedroom: $1,573/mo, 3-Bedroom: $1,965/mo, and 4-Bedroom: $2,639/mo.
How do HUD Fair Market Rents compare to local incomes in Hampshire County, WV?
At the local Census ACS median household income of $63,116/year ($5,260/month), the benchmark 2-bedroom Fair Market Rent represents 29.9% of monthly income.
How is the 30% housing affordability standard calculated in Hampshire County, WV?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,573/month, the required minimum annual gross income is calculated as ($1,573 × 12) ÷ 0.30 = $62,920 per year.