Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,470$17,640 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Punta Gorda, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Punta Gorda, FL
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 | $1,159 | $13,908 | $46,360 | $22.29/hr |
| 1-Bedroom Apartment | $1,167 | $14,004 | $46,680 | $22.44/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,470 | $17,640 | $58,800 | $28.27/hr |
| 3-Bedroom Home | $2,041 | $24,492 | $81,640 | $39.25/hr |
| 4-Bedroom Home | $2,326 | $27,912 | $93,040 | $44.73/hr |
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Frequently Asked Questions About Rent in Punta Gorda, FL
What is the Fair Market Rent for a 2-bedroom in Punta Gorda, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Punta Gorda, FL is $1,470 per month ($17,640 per year).
What hourly wage is needed to afford rent in Punta Gorda, FL?
To comfortably afford a 2-bedroom apartment at $1,470/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.27 per hour ($58,800/year).
What are the HUD Fair Market Rents by bedroom count in Punta Gorda, FL?
Official 2026 HUD rents in Punta Gorda, FL are: Studio: $1,159/mo, 1-Bedroom: $1,167/mo, 2-Bedroom: $1,470/mo, 3-Bedroom: $2,041/mo, and 4-Bedroom: $2,326/mo.
How do HUD Fair Market Rents compare to local incomes in Punta Gorda, FL?
At the local Census ACS median household income of $85,779/year ($7,148/month), the benchmark 2-bedroom Fair Market Rent represents 20.6% of monthly income.
How is the 30% housing affordability standard calculated in Punta Gorda, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,470/month, the required minimum annual gross income is calculated as ($1,470 × 12) ÷ 0.30 = $58,800 per year.