Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,100$13,200 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Otsego County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Otsego County, MI
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 | $852 | $10,224 | $34,080 | $16.38/hr |
| 1-Bedroom Apartment | $858 | $10,296 | $34,320 | $16.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,100 | $13,200 | $44,000 | $21.15/hr |
| 3-Bedroom Home | $1,445 | $17,340 | $57,800 | $27.79/hr |
| 4-Bedroom Home | $1,560 | $18,720 | $62,400 | $30.00/hr |
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Frequently Asked Questions About Rent in Otsego County, MI
What is the Fair Market Rent for a 2-bedroom in Otsego County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Otsego County, MI is $1,100 per month ($13,200 per year).
What hourly wage is needed to afford rent in Otsego County, MI?
To comfortably afford a 2-bedroom apartment at $1,100/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.15 per hour ($44,000/year).
What are the HUD Fair Market Rents by bedroom count in Otsego County, MI?
Official 2026 HUD rents in Otsego County, MI are: Studio: $852/mo, 1-Bedroom: $858/mo, 2-Bedroom: $1,100/mo, 3-Bedroom: $1,445/mo, and 4-Bedroom: $1,560/mo.
How do HUD Fair Market Rents compare to local incomes in Otsego County, MI?
At the local Census ACS median household income of $68,183/year ($5,682/month), the benchmark 2-bedroom Fair Market Rent represents 19.4% of monthly income.
How is the 30% housing affordability standard calculated in Otsego County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,100/month, the required minimum annual gross income is calculated as ($1,100 × 12) ÷ 0.30 = $44,000 per year.