Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,723$20,676 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Parker County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Parker 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 | $1,427 | $17,124 | $57,080 | $27.44/hr |
| 1-Bedroom Apartment | $1,473 | $17,676 | $58,920 | $28.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,723 | $20,676 | $68,920 | $33.13/hr |
| 3-Bedroom Home | $2,273 | $27,276 | $90,920 | $43.71/hr |
| 4-Bedroom Home | $2,815 | $33,780 | $112,600 | $54.13/hr |
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Frequently Asked Questions About Rent in Parker County, TX
What is the Fair Market Rent for a 2-bedroom in Parker County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Parker County, TX is $1,723 per month ($20,676 per year).
What hourly wage is needed to afford rent in Parker County, TX?
To comfortably afford a 2-bedroom apartment at $1,723/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $33.13 per hour ($68,920/year).
What are the HUD Fair Market Rents by bedroom count in Parker County, TX?
Official 2026 HUD rents in Parker County, TX are: Studio: $1,427/mo, 1-Bedroom: $1,473/mo, 2-Bedroom: $1,723/mo, 3-Bedroom: $2,273/mo, and 4-Bedroom: $2,815/mo.
How do HUD Fair Market Rents compare to local incomes in Parker County, TX?
At the local Census ACS median household income of $104,443/year ($8,704/month), the benchmark 2-bedroom Fair Market Rent represents 19.8% of monthly income.
How is the 30% housing affordability standard calculated in Parker County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,723/month, the required minimum annual gross income is calculated as ($1,723 × 12) ÷ 0.30 = $68,920 per year.