Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,175$14,100 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Oliver County, ND
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Oliver County, ND
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 | $961 | $11,532 | $38,440 | $18.48/hr |
| 1-Bedroom Apartment | $1,030 | $12,360 | $41,200 | $19.81/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,175 | $14,100 | $47,000 | $22.60/hr |
| 3-Bedroom Home | $1,634 | $19,608 | $65,360 | $31.42/hr |
| 4-Bedroom Home | $1,884 | $22,608 | $75,360 | $36.23/hr |
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Frequently Asked Questions About Rent in Oliver County, ND
What is the Fair Market Rent for a 2-bedroom in Oliver County, ND?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Oliver County, ND is $1,175 per month ($14,100 per year).
What hourly wage is needed to afford rent in Oliver County, ND?
To comfortably afford a 2-bedroom apartment at $1,175/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.60 per hour ($47,000/year).
What are the HUD Fair Market Rents by bedroom count in Oliver County, ND?
Official 2026 HUD rents in Oliver County, ND are: Studio: $961/mo, 1-Bedroom: $1,030/mo, 2-Bedroom: $1,175/mo, 3-Bedroom: $1,634/mo, and 4-Bedroom: $1,884/mo.
How do HUD Fair Market Rents compare to local incomes in Oliver County, ND?
At the local Census ACS median household income of $77,240/year ($6,437/month), the benchmark 2-bedroom Fair Market Rent represents 18.3% of monthly income.
How is the 30% housing affordability standard calculated in Oliver County, ND?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,175/month, the required minimum annual gross income is calculated as ($1,175 × 12) ÷ 0.30 = $47,000 per year.