Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,068$12,816 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Palo Pinto County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Palo Pinto County, TX
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 | $820 | $9,840 | $32,800 | $15.77/hr |
| 1-Bedroom Apartment | $825 | $9,900 | $33,000 | $15.87/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,068 | $12,816 | $42,720 | $20.54/hr |
| 3-Bedroom Home | $1,397 | $16,764 | $55,880 | $26.87/hr |
| 4-Bedroom Home | $1,792 | $21,504 | $71,680 | $34.46/hr |
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Frequently Asked Questions About Rent in Palo Pinto County, TX
What is the Fair Market Rent for a 2-bedroom in Palo Pinto County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Palo Pinto County, TX is $1,068 per month ($12,816 per year).
What hourly wage is needed to afford rent in Palo Pinto County, TX?
To comfortably afford a 2-bedroom apartment at $1,068/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.54 per hour ($42,720/year).
What are the HUD Fair Market Rents by bedroom count in Palo Pinto County, TX?
Official 2026 HUD rents in Palo Pinto County, TX are: Studio: $820/mo, 1-Bedroom: $825/mo, 2-Bedroom: $1,068/mo, 3-Bedroom: $1,397/mo, and 4-Bedroom: $1,792/mo.
How do HUD Fair Market Rents compare to local incomes in Palo Pinto County, TX?
At the local Census ACS median household income of $67,674/year ($5,640/month), the benchmark 2-bedroom Fair Market Rent represents 18.9% of monthly income.
How is the 30% housing affordability standard calculated in Palo Pinto County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,068/month, the required minimum annual gross income is calculated as ($1,068 × 12) ÷ 0.30 = $42,720 per year.