Rental Benchmark Overview
2-Bedroom Benchmark Rent
$977$11,724 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Pike County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Pike County, KY
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 | $698 | $8,376 | $27,920 | $13.42/hr |
| 1-Bedroom Apartment | $745 | $8,940 | $29,800 | $14.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $977 | $11,724 | $39,080 | $18.79/hr |
| 3-Bedroom Home | $1,171 | $14,052 | $46,840 | $22.52/hr |
| 4-Bedroom Home | $1,552 | $18,624 | $62,080 | $29.85/hr |
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Frequently Asked Questions About Rent in Pike County, KY
What is the Fair Market Rent for a 2-bedroom in Pike County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Pike County, KY is $977 per month ($11,724 per year).
What hourly wage is needed to afford rent in Pike County, KY?
To comfortably afford a 2-bedroom apartment at $977/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.79 per hour ($39,080/year).
What are the HUD Fair Market Rents by bedroom count in Pike County, KY?
Official 2026 HUD rents in Pike County, KY are: Studio: $698/mo, 1-Bedroom: $745/mo, 2-Bedroom: $977/mo, 3-Bedroom: $1,171/mo, and 4-Bedroom: $1,552/mo.
How do HUD Fair Market Rents compare to local incomes in Pike County, KY?
At the local Census ACS median household income of $44,312/year ($3,693/month), the benchmark 2-bedroom Fair Market Rent represents 26.5% of monthly income.
How is the 30% housing affordability standard calculated in Pike County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $977/month, the required minimum annual gross income is calculated as ($977 × 12) ÷ 0.30 = $39,080 per year.