Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,087$13,044 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Parmer County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Parmer 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 | $823 | $9,876 | $32,920 | $15.83/hr |
| 1-Bedroom Apartment | $828 | $9,936 | $33,120 | $15.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,087 | $13,044 | $43,480 | $20.90/hr |
| 3-Bedroom Home | $1,303 | $15,636 | $52,120 | $25.06/hr |
| 4-Bedroom Home | $1,698 | $20,376 | $67,920 | $32.65/hr |
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Frequently Asked Questions About Rent in Parmer County, TX
What is the Fair Market Rent for a 2-bedroom in Parmer County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Parmer County, TX is $1,087 per month ($13,044 per year).
What hourly wage is needed to afford rent in Parmer County, TX?
To comfortably afford a 2-bedroom apartment at $1,087/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.90 per hour ($43,480/year).
What are the HUD Fair Market Rents by bedroom count in Parmer County, TX?
Official 2026 HUD rents in Parmer County, TX are: Studio: $823/mo, 1-Bedroom: $828/mo, 2-Bedroom: $1,087/mo, 3-Bedroom: $1,303/mo, and 4-Bedroom: $1,698/mo.
How do HUD Fair Market Rents compare to local incomes in Parmer County, TX?
At the local Census ACS median household income of $69,735/year ($5,811/month), the benchmark 2-bedroom Fair Market Rent represents 18.7% of monthly income.
How is the 30% housing affordability standard calculated in Parmer County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,087/month, the required minimum annual gross income is calculated as ($1,087 × 12) ÷ 0.30 = $43,480 per year.