Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,062$12,744 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Love County, OK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Love County, OK
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 | $732 | $8,784 | $29,280 | $14.08/hr |
| 1-Bedroom Apartment | $880 | $10,560 | $35,200 | $16.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,062 | $12,744 | $42,480 | $20.42/hr |
| 3-Bedroom Home | $1,273 | $15,276 | $50,920 | $24.48/hr |
| 4-Bedroom Home | $1,522 | $18,264 | $60,880 | $29.27/hr |
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Frequently Asked Questions About Rent in Love County, OK
What is the Fair Market Rent for a 2-bedroom in Love County, OK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Love County, OK is $1,062 per month ($12,744 per year).
What hourly wage is needed to afford rent in Love County, OK?
To comfortably afford a 2-bedroom apartment at $1,062/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.42 per hour ($42,480/year).
What are the HUD Fair Market Rents by bedroom count in Love County, OK?
Official 2026 HUD rents in Love County, OK are: Studio: $732/mo, 1-Bedroom: $880/mo, 2-Bedroom: $1,062/mo, 3-Bedroom: $1,273/mo, and 4-Bedroom: $1,522/mo.
How do HUD Fair Market Rents compare to local incomes in Love County, OK?
At the local Census ACS median household income of $66,580/year ($5,548/month), the benchmark 2-bedroom Fair Market Rent represents 19.1% of monthly income.
How is the 30% housing affordability standard calculated in Love County, OK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,062/month, the required minimum annual gross income is calculated as ($1,062 × 12) ÷ 0.30 = $42,480 per year.