Rental Benchmark Overview
2-Bedroom Benchmark Rent
$995$11,940 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Panola County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Panola 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 | $753 | $9,036 | $30,120 | $14.48/hr |
| 1-Bedroom Apartment | $758 | $9,096 | $30,320 | $14.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $995 | $11,940 | $39,800 | $19.13/hr |
| 3-Bedroom Home | $1,235 | $14,820 | $49,400 | $23.75/hr |
| 4-Bedroom Home | $1,434 | $17,208 | $57,360 | $27.58/hr |
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Frequently Asked Questions About Rent in Panola County, TX
What is the Fair Market Rent for a 2-bedroom in Panola County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Panola County, TX is $995 per month ($11,940 per year).
What hourly wage is needed to afford rent in Panola County, TX?
To comfortably afford a 2-bedroom apartment at $995/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.13 per hour ($39,800/year).
What are the HUD Fair Market Rents by bedroom count in Panola County, TX?
Official 2026 HUD rents in Panola County, TX are: Studio: $753/mo, 1-Bedroom: $758/mo, 2-Bedroom: $995/mo, 3-Bedroom: $1,235/mo, and 4-Bedroom: $1,434/mo.
How do HUD Fair Market Rents compare to local incomes in Panola County, TX?
At the local Census ACS median household income of $64,894/year ($5,408/month), the benchmark 2-bedroom Fair Market Rent represents 18.4% of monthly income.
How is the 30% housing affordability standard calculated in Panola County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $995/month, the required minimum annual gross income is calculated as ($995 × 12) ÷ 0.30 = $39,800 per year.