Rental Benchmark Overview
2-Bedroom Benchmark Rent
$891$10,692 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Independence County, AR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Independence County, AR
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 | $684 | $8,208 | $27,360 | $13.15/hr |
| 1-Bedroom Apartment | $688 | $8,256 | $27,520 | $13.23/hr |
| 2-Bedroom ApartmentStandard Benchmark | $891 | $10,692 | $35,640 | $17.13/hr |
| 3-Bedroom Home | $1,175 | $14,100 | $47,000 | $22.60/hr |
| 4-Bedroom Home | $1,180 | $14,160 | $47,200 | $22.69/hr |
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Frequently Asked Questions About Rent in Independence County, AR
What is the Fair Market Rent for a 2-bedroom in Independence County, AR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Independence County, AR is $891 per month ($10,692 per year).
What hourly wage is needed to afford rent in Independence County, AR?
To comfortably afford a 2-bedroom apartment at $891/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.13 per hour ($35,640/year).
What are the HUD Fair Market Rents by bedroom count in Independence County, AR?
Official 2026 HUD rents in Independence County, AR are: Studio: $684/mo, 1-Bedroom: $688/mo, 2-Bedroom: $891/mo, 3-Bedroom: $1,175/mo, and 4-Bedroom: $1,180/mo.
How do HUD Fair Market Rents compare to local incomes in Independence County, AR?
At the local Census ACS median household income of $56,609/year ($4,717/month), the benchmark 2-bedroom Fair Market Rent represents 18.9% of monthly income.
How is the 30% housing affordability standard calculated in Independence County, AR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $891/month, the required minimum annual gross income is calculated as ($891 × 12) ÷ 0.30 = $35,640 per year.