Rental Benchmark Overview
2-Bedroom Benchmark Rent
$912$10,944 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Pike County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Pike County, AL
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 | $677 | $8,124 | $27,080 | $13.02/hr |
| 1-Bedroom Apartment | $695 | $8,340 | $27,800 | $13.37/hr |
| 2-Bedroom ApartmentStandard Benchmark | $912 | $10,944 | $36,480 | $17.54/hr |
| 3-Bedroom Home | $1,093 | $13,116 | $43,720 | $21.02/hr |
| 4-Bedroom Home | $1,208 | $14,496 | $48,320 | $23.23/hr |
See comprehensive cost of living profile for Pike County, AL →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Alabama:
Frequently Asked Questions About Rent in Pike County, AL
What is the Fair Market Rent for a 2-bedroom in Pike County, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Pike County, AL is $912 per month ($10,944 per year).
What hourly wage is needed to afford rent in Pike County, AL?
To comfortably afford a 2-bedroom apartment at $912/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.54 per hour ($36,480/year).
What are the HUD Fair Market Rents by bedroom count in Pike County, AL?
Official 2026 HUD rents in Pike County, AL are: Studio: $677/mo, 1-Bedroom: $695/mo, 2-Bedroom: $912/mo, 3-Bedroom: $1,093/mo, and 4-Bedroom: $1,208/mo.
How do HUD Fair Market Rents compare to local incomes in Pike County, AL?
At the local Census ACS median household income of $48,677/year ($4,056/month), the benchmark 2-bedroom Fair Market Rent represents 22.5% of monthly income.
How is the 30% housing affordability standard calculated in Pike County, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $912/month, the required minimum annual gross income is calculated as ($912 × 12) ÷ 0.30 = $36,480 per year.