Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,655$19,860 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in New Kent County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: New Kent 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 | $1,442 | $17,304 | $57,680 | $27.73/hr |
| 1-Bedroom Apartment | $1,507 | $18,084 | $60,280 | $28.98/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,655 | $19,860 | $66,200 | $31.83/hr |
| 3-Bedroom Home | $2,072 | $24,864 | $82,880 | $39.85/hr |
| 4-Bedroom Home | $2,553 | $30,636 | $102,120 | $49.10/hr |
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Frequently Asked Questions About Rent in New Kent County, VA
What is the Fair Market Rent for a 2-bedroom in New Kent County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in New Kent County, VA is $1,655 per month ($19,860 per year).
What hourly wage is needed to afford rent in New Kent County, VA?
To comfortably afford a 2-bedroom apartment at $1,655/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $31.83 per hour ($66,200/year).
What are the HUD Fair Market Rents by bedroom count in New Kent County, VA?
Official 2026 HUD rents in New Kent County, VA are: Studio: $1,442/mo, 1-Bedroom: $1,507/mo, 2-Bedroom: $1,655/mo, 3-Bedroom: $2,072/mo, and 4-Bedroom: $2,553/mo.
How do HUD Fair Market Rents compare to local incomes in New Kent County, VA?
At the local Census ACS median household income of $123,314/year ($10,276/month), the benchmark 2-bedroom Fair Market Rent represents 16.1% of monthly income.
How is the 30% housing affordability standard calculated in New Kent County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,655/month, the required minimum annual gross income is calculated as ($1,655 × 12) ÷ 0.30 = $66,200 per year.