Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,250$15,000 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in King and Queen County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: King and Queen 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 | $1,089 | $13,068 | $43,560 | $20.94/hr |
| 1-Bedroom Apartment | $1,139 | $13,668 | $45,560 | $21.90/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,250 | $15,000 | $50,000 | $24.04/hr |
| 3-Bedroom Home | $1,536 | $18,432 | $61,440 | $29.54/hr |
| 4-Bedroom Home | $1,929 | $23,148 | $77,160 | $37.10/hr |
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Frequently Asked Questions About Rent in King and Queen County, VA
What is the Fair Market Rent for a 2-bedroom in King and Queen County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in King and Queen County, VA is $1,250 per month ($15,000 per year).
What hourly wage is needed to afford rent in King and Queen County, VA?
To comfortably afford a 2-bedroom apartment at $1,250/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.04 per hour ($50,000/year).
What are the HUD Fair Market Rents by bedroom count in King and Queen County, VA?
Official 2026 HUD rents in King and Queen County, VA are: Studio: $1,089/mo, 1-Bedroom: $1,139/mo, 2-Bedroom: $1,250/mo, 3-Bedroom: $1,536/mo, and 4-Bedroom: $1,929/mo.
How do HUD Fair Market Rents compare to local incomes in King and Queen County, VA?
At the local Census ACS median household income of $70,469/year ($5,872/month), the benchmark 2-bedroom Fair Market Rent represents 21.3% of monthly income.
How is the 30% housing affordability standard calculated in King and Queen County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,250/month, the required minimum annual gross income is calculated as ($1,250 × 12) ÷ 0.30 = $50,000 per year.