Rental Benchmark Overview
2-Bedroom Benchmark Rent
$948$11,376 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Person County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Person 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 | $739 | $8,868 | $29,560 | $14.21/hr |
| 1-Bedroom Apartment | $744 | $8,928 | $29,760 | $14.31/hr |
| 2-Bedroom ApartmentStandard Benchmark | $948 | $11,376 | $37,920 | $18.23/hr |
| 3-Bedroom Home | $1,318 | $15,816 | $52,720 | $25.35/hr |
| 4-Bedroom Home | $1,377 | $16,524 | $55,080 | $26.48/hr |
See comprehensive cost of living profile for Person County, NC →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across North Carolina:
Frequently Asked Questions About Rent in Person County, NC
What is the Fair Market Rent for a 2-bedroom in Person County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Person County, NC is $948 per month ($11,376 per year).
What hourly wage is needed to afford rent in Person County, NC?
To comfortably afford a 2-bedroom apartment at $948/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.23 per hour ($37,920/year).
What are the HUD Fair Market Rents by bedroom count in Person County, NC?
Official 2026 HUD rents in Person County, NC are: Studio: $739/mo, 1-Bedroom: $744/mo, 2-Bedroom: $948/mo, 3-Bedroom: $1,318/mo, and 4-Bedroom: $1,377/mo.
How do HUD Fair Market Rents compare to local incomes in Person County, NC?
At the local Census ACS median household income of $63,300/year ($5,275/month), the benchmark 2-bedroom Fair Market Rent represents 18% of monthly income.
How is the 30% housing affordability standard calculated in Person County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $948/month, the required minimum annual gross income is calculated as ($948 × 12) ÷ 0.30 = $37,920 per year.