Rental Benchmark Overview
2-Bedroom Benchmark Rent
$950$11,400 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Mecklenburg County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Mecklenburg 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 | $719 | $8,628 | $28,760 | $13.83/hr |
| 1-Bedroom Apartment | $724 | $8,688 | $28,960 | $13.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $950 | $11,400 | $38,000 | $18.27/hr |
| 3-Bedroom Home | $1,224 | $14,688 | $48,960 | $23.54/hr |
| 4-Bedroom Home | $1,258 | $15,096 | $50,320 | $24.19/hr |
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Frequently Asked Questions About Rent in Mecklenburg County, VA
What is the Fair Market Rent for a 2-bedroom in Mecklenburg County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Mecklenburg County, VA is $950 per month ($11,400 per year).
What hourly wage is needed to afford rent in Mecklenburg County, VA?
To comfortably afford a 2-bedroom apartment at $950/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.27 per hour ($38,000/year).
What are the HUD Fair Market Rents by bedroom count in Mecklenburg County, VA?
Official 2026 HUD rents in Mecklenburg County, VA are: Studio: $719/mo, 1-Bedroom: $724/mo, 2-Bedroom: $950/mo, 3-Bedroom: $1,224/mo, and 4-Bedroom: $1,258/mo.
How do HUD Fair Market Rents compare to local incomes in Mecklenburg County, VA?
At the local Census ACS median household income of $57,045/year ($4,754/month), the benchmark 2-bedroom Fair Market Rent represents 20% of monthly income.
How is the 30% housing affordability standard calculated in Mecklenburg County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $950/month, the required minimum annual gross income is calculated as ($950 × 12) ÷ 0.30 = $38,000 per year.