Rental Benchmark Overview
2-Bedroom Benchmark Rent
$923$11,076 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ransom County, ND
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ransom County, ND
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 | $710 | $8,520 | $28,400 | $13.65/hr |
| 1-Bedroom Apartment | $715 | $8,580 | $28,600 | $13.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $923 | $11,076 | $36,920 | $17.75/hr |
| 3-Bedroom Home | $1,196 | $14,352 | $47,840 | $23.00/hr |
| 4-Bedroom Home | $1,548 | $18,576 | $61,920 | $29.77/hr |
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Frequently Asked Questions About Rent in Ransom County, ND
What is the Fair Market Rent for a 2-bedroom in Ransom County, ND?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ransom County, ND is $923 per month ($11,076 per year).
What hourly wage is needed to afford rent in Ransom County, ND?
To comfortably afford a 2-bedroom apartment at $923/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.75 per hour ($36,920/year).
What are the HUD Fair Market Rents by bedroom count in Ransom County, ND?
Official 2026 HUD rents in Ransom County, ND are: Studio: $710/mo, 1-Bedroom: $715/mo, 2-Bedroom: $923/mo, 3-Bedroom: $1,196/mo, and 4-Bedroom: $1,548/mo.
How do HUD Fair Market Rents compare to local incomes in Ransom County, ND?
At the local Census ACS median household income of $75,736/year ($6,311/month), the benchmark 2-bedroom Fair Market Rent represents 14.6% of monthly income.
How is the 30% housing affordability standard calculated in Ransom County, ND?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $923/month, the required minimum annual gross income is calculated as ($923 × 12) ÷ 0.30 = $36,920 per year.