Rental Benchmark Overview
2-Bedroom Benchmark Rent
$962$11,544 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Oxford, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Oxford, AL
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 | $753 | $9,036 | $30,120 | $14.48/hr |
| 1-Bedroom Apartment | $757 | $9,084 | $30,280 | $14.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $962 | $11,544 | $38,480 | $18.50/hr |
| 3-Bedroom Home | $1,300 | $15,600 | $52,000 | $25.00/hr |
| 4-Bedroom Home | $1,361 | $16,332 | $54,440 | $26.17/hr |
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Frequently Asked Questions About Rent in Oxford, AL
What is the Fair Market Rent for a 2-bedroom in Oxford, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Oxford, AL is $962 per month ($11,544 per year).
What hourly wage is needed to afford rent in Oxford, AL?
To comfortably afford a 2-bedroom apartment at $962/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.50 per hour ($38,480/year).
What are the HUD Fair Market Rents by bedroom count in Oxford, AL?
Official 2026 HUD rents in Oxford, AL are: Studio: $753/mo, 1-Bedroom: $757/mo, 2-Bedroom: $962/mo, 3-Bedroom: $1,300/mo, and 4-Bedroom: $1,361/mo.
How do HUD Fair Market Rents compare to local incomes in Oxford, AL?
At the local Census ACS median household income of $74,268/year ($6,189/month), the benchmark 2-bedroom Fair Market Rent represents 15.5% of monthly income.
How is the 30% housing affordability standard calculated in Oxford, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $962/month, the required minimum annual gross income is calculated as ($962 × 12) ÷ 0.30 = $38,480 per year.