Rental Benchmark Overview
2-Bedroom Benchmark Rent
$890$10,680 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in New Madrid County, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: New Madrid County, MO
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 | $661 | $7,932 | $26,440 | $12.71/hr |
| 1-Bedroom Apartment | $678 | $8,136 | $27,120 | $13.04/hr |
| 2-Bedroom ApartmentStandard Benchmark | $890 | $10,680 | $35,600 | $17.12/hr |
| 3-Bedroom Home | $1,067 | $12,804 | $42,680 | $20.52/hr |
| 4-Bedroom Home | $1,178 | $14,136 | $47,120 | $22.65/hr |
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Frequently Asked Questions About Rent in New Madrid County, MO
What is the Fair Market Rent for a 2-bedroom in New Madrid County, MO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in New Madrid County, MO is $890 per month ($10,680 per year).
What hourly wage is needed to afford rent in New Madrid County, MO?
To comfortably afford a 2-bedroom apartment at $890/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.12 per hour ($35,600/year).
What are the HUD Fair Market Rents by bedroom count in New Madrid County, MO?
Official 2026 HUD rents in New Madrid County, MO are: Studio: $661/mo, 1-Bedroom: $678/mo, 2-Bedroom: $890/mo, 3-Bedroom: $1,067/mo, and 4-Bedroom: $1,178/mo.
How do HUD Fair Market Rents compare to local incomes in New Madrid County, MO?
At the local Census ACS median household income of $51,881/year ($4,323/month), the benchmark 2-bedroom Fair Market Rent represents 20.6% of monthly income.
How is the 30% housing affordability standard calculated in New Madrid County, MO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $890/month, the required minimum annual gross income is calculated as ($890 × 12) ÷ 0.30 = $35,600 per year.