Rental Benchmark Overview
2-Bedroom Benchmark Rent
$914$10,968 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Henry County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Henry County, VA
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 | $749 | $8,988 | $29,960 | $14.40/hr |
| 1-Bedroom Apartment | $753 | $9,036 | $30,120 | $14.48/hr |
| 2-Bedroom ApartmentStandard Benchmark | $914 | $10,968 | $36,560 | $17.58/hr |
| 3-Bedroom Home | $1,096 | $13,152 | $43,840 | $21.08/hr |
| 4-Bedroom Home | $1,282 | $15,384 | $51,280 | $24.65/hr |
See comprehensive cost of living profile for Henry County, VA →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Virginia:
Frequently Asked Questions About Rent in Henry County, VA
What is the Fair Market Rent for a 2-bedroom in Henry County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Henry County, VA is $914 per month ($10,968 per year).
What hourly wage is needed to afford rent in Henry County, VA?
To comfortably afford a 2-bedroom apartment at $914/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.58 per hour ($36,560/year).
What are the HUD Fair Market Rents by bedroom count in Henry County, VA?
Official 2026 HUD rents in Henry County, VA are: Studio: $749/mo, 1-Bedroom: $753/mo, 2-Bedroom: $914/mo, 3-Bedroom: $1,096/mo, and 4-Bedroom: $1,282/mo.
How do HUD Fair Market Rents compare to local incomes in Henry County, VA?
At the local Census ACS median household income of $50,760/year ($4,230/month), the benchmark 2-bedroom Fair Market Rent represents 21.6% of monthly income.
How is the 30% housing affordability standard calculated in Henry County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $914/month, the required minimum annual gross income is calculated as ($914 × 12) ÷ 0.30 = $36,560 per year.