Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,195$14,340 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lycoming County, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lycoming County, PA
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 | $824 | $9,888 | $32,960 | $15.85/hr |
| 1-Bedroom Apartment | $995 | $11,940 | $39,800 | $19.13/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,195 | $14,340 | $47,800 | $22.98/hr |
| 3-Bedroom Home | $1,586 | $19,032 | $63,440 | $30.50/hr |
| 4-Bedroom Home | $1,737 | $20,844 | $69,480 | $33.40/hr |
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Frequently Asked Questions About Rent in Lycoming County, PA
What is the Fair Market Rent for a 2-bedroom in Lycoming County, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lycoming County, PA is $1,195 per month ($14,340 per year).
What hourly wage is needed to afford rent in Lycoming County, PA?
To comfortably afford a 2-bedroom apartment at $1,195/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.98 per hour ($47,800/year).
What are the HUD Fair Market Rents by bedroom count in Lycoming County, PA?
Official 2026 HUD rents in Lycoming County, PA are: Studio: $824/mo, 1-Bedroom: $995/mo, 2-Bedroom: $1,195/mo, 3-Bedroom: $1,586/mo, and 4-Bedroom: $1,737/mo.
How do HUD Fair Market Rents compare to local incomes in Lycoming County, PA?
At the local Census ACS median household income of $63,917/year ($5,326/month), the benchmark 2-bedroom Fair Market Rent represents 22.4% of monthly income.
How is the 30% housing affordability standard calculated in Lycoming County, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,195/month, the required minimum annual gross income is calculated as ($1,195 × 12) ÷ 0.30 = $47,800 per year.