Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,127$13,524 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Hancock County, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Hancock County, OH
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 | $777 | $9,324 | $31,080 | $14.94/hr |
| 1-Bedroom Apartment | $859 | $10,308 | $34,360 | $16.52/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,127 | $13,524 | $45,080 | $21.67/hr |
| 3-Bedroom Home | $1,484 | $17,808 | $59,360 | $28.54/hr |
| 4-Bedroom Home | $1,693 | $20,316 | $67,720 | $32.56/hr |
See comprehensive cost of living profile for Hancock County, OH →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Ohio:
Frequently Asked Questions About Rent in Hancock County, OH
What is the Fair Market Rent for a 2-bedroom in Hancock County, OH?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Hancock County, OH is $1,127 per month ($13,524 per year).
What hourly wage is needed to afford rent in Hancock County, OH?
To comfortably afford a 2-bedroom apartment at $1,127/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.67 per hour ($45,080/year).
What are the HUD Fair Market Rents by bedroom count in Hancock County, OH?
Official 2026 HUD rents in Hancock County, OH are: Studio: $777/mo, 1-Bedroom: $859/mo, 2-Bedroom: $1,127/mo, 3-Bedroom: $1,484/mo, and 4-Bedroom: $1,693/mo.
How do HUD Fair Market Rents compare to local incomes in Hancock County, OH?
At the local Census ACS median household income of $73,141/year ($6,095/month), the benchmark 2-bedroom Fair Market Rent represents 18.5% of monthly income.
How is the 30% housing affordability standard calculated in Hancock County, OH?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,127/month, the required minimum annual gross income is calculated as ($1,127 × 12) ÷ 0.30 = $45,080 per year.