Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,295$15,540 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Oxford County, ME
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Oxford County, ME
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 | $893 | $10,716 | $35,720 | $17.17/hr |
| 1-Bedroom Apartment | $989 | $11,868 | $39,560 | $19.02/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,295 | $15,540 | $51,800 | $24.90/hr |
| 3-Bedroom Home | $1,801 | $21,612 | $72,040 | $34.63/hr |
| 4-Bedroom Home | $2,172 | $26,064 | $86,880 | $41.77/hr |
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Frequently Asked Questions About Rent in Oxford County, ME
What is the Fair Market Rent for a 2-bedroom in Oxford County, ME?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Oxford County, ME is $1,295 per month ($15,540 per year).
What hourly wage is needed to afford rent in Oxford County, ME?
To comfortably afford a 2-bedroom apartment at $1,295/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.90 per hour ($51,800/year).
What are the HUD Fair Market Rents by bedroom count in Oxford County, ME?
Official 2026 HUD rents in Oxford County, ME are: Studio: $893/mo, 1-Bedroom: $989/mo, 2-Bedroom: $1,295/mo, 3-Bedroom: $1,801/mo, and 4-Bedroom: $2,172/mo.
How do HUD Fair Market Rents compare to local incomes in Oxford County, ME?
At the local Census ACS median household income of $60,173/year ($5,014/month), the benchmark 2-bedroom Fair Market Rent represents 25.8% of monthly income.
How is the 30% housing affordability standard calculated in Oxford County, ME?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,295/month, the required minimum annual gross income is calculated as ($1,295 × 12) ÷ 0.30 = $51,800 per year.