Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,330$15,960 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Randolph County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Randolph 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 | $1,159 | $13,908 | $46,360 | $22.29/hr |
| 1-Bedroom Apartment | $1,213 | $14,556 | $48,520 | $23.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,330 | $15,960 | $53,200 | $25.58/hr |
| 3-Bedroom Home | $1,703 | $20,436 | $68,120 | $32.75/hr |
| 4-Bedroom Home | $1,960 | $23,520 | $78,400 | $37.69/hr |
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Frequently Asked Questions About Rent in Randolph County, NC
What is the Fair Market Rent for a 2-bedroom in Randolph County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Randolph County, NC is $1,330 per month ($15,960 per year).
What hourly wage is needed to afford rent in Randolph County, NC?
To comfortably afford a 2-bedroom apartment at $1,330/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.58 per hour ($53,200/year).
What are the HUD Fair Market Rents by bedroom count in Randolph County, NC?
Official 2026 HUD rents in Randolph County, NC are: Studio: $1,159/mo, 1-Bedroom: $1,213/mo, 2-Bedroom: $1,330/mo, 3-Bedroom: $1,703/mo, and 4-Bedroom: $1,960/mo.
How do HUD Fair Market Rents compare to local incomes in Randolph County, NC?
At the local Census ACS median household income of $61,022/year ($5,085/month), the benchmark 2-bedroom Fair Market Rent represents 26.2% of monthly income.
How is the 30% housing affordability standard calculated in Randolph County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,330/month, the required minimum annual gross income is calculated as ($1,330 × 12) ÷ 0.30 = $53,200 per year.