Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,671$20,052 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Island County, WA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Island County, WA
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 | $1,172 | $14,064 | $46,880 | $22.54/hr |
| 1-Bedroom Apartment | $1,356 | $16,272 | $54,240 | $26.08/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,671 | $20,052 | $66,840 | $32.13/hr |
| 3-Bedroom Home | $2,324 | $27,888 | $92,960 | $44.69/hr |
| 4-Bedroom Home | $2,733 | $32,796 | $109,320 | $52.56/hr |
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Frequently Asked Questions About Rent in Island County, WA
What is the Fair Market Rent for a 2-bedroom in Island County, WA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Island County, WA is $1,671 per month ($20,052 per year).
What hourly wage is needed to afford rent in Island County, WA?
To comfortably afford a 2-bedroom apartment at $1,671/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $32.13 per hour ($66,840/year).
What are the HUD Fair Market Rents by bedroom count in Island County, WA?
Official 2026 HUD rents in Island County, WA are: Studio: $1,172/mo, 1-Bedroom: $1,356/mo, 2-Bedroom: $1,671/mo, 3-Bedroom: $2,324/mo, and 4-Bedroom: $2,733/mo.
How do HUD Fair Market Rents compare to local incomes in Island County, WA?
At the local Census ACS median household income of $90,551/year ($7,546/month), the benchmark 2-bedroom Fair Market Rent represents 22.1% of monthly income.
How is the 30% housing affordability standard calculated in Island County, WA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,671/month, the required minimum annual gross income is calculated as ($1,671 × 12) ÷ 0.30 = $66,840 per year.