Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,216$14,592 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Pasquotank County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Pasquotank County, NC
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 | $921 | $11,052 | $36,840 | $17.71/hr |
| 1-Bedroom Apartment | $927 | $11,124 | $37,080 | $17.83/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,216 | $14,592 | $48,640 | $23.38/hr |
| 3-Bedroom Home | $1,640 | $19,680 | $65,600 | $31.54/hr |
| 4-Bedroom Home | $1,899 | $22,788 | $75,960 | $36.52/hr |
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Frequently Asked Questions About Rent in Pasquotank County, NC
What is the Fair Market Rent for a 2-bedroom in Pasquotank County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Pasquotank County, NC is $1,216 per month ($14,592 per year).
What hourly wage is needed to afford rent in Pasquotank County, NC?
To comfortably afford a 2-bedroom apartment at $1,216/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.38 per hour ($48,640/year).
What are the HUD Fair Market Rents by bedroom count in Pasquotank County, NC?
Official 2026 HUD rents in Pasquotank County, NC are: Studio: $921/mo, 1-Bedroom: $927/mo, 2-Bedroom: $1,216/mo, 3-Bedroom: $1,640/mo, and 4-Bedroom: $1,899/mo.
How do HUD Fair Market Rents compare to local incomes in Pasquotank County, NC?
At the local Census ACS median household income of $66,589/year ($5,549/month), the benchmark 2-bedroom Fair Market Rent represents 21.9% of monthly income.
How is the 30% housing affordability standard calculated in Pasquotank County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,216/month, the required minimum annual gross income is calculated as ($1,216 × 12) ÷ 0.30 = $48,640 per year.