Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,143$13,716 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Rocky Mount, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Rocky Mount, 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 | $913 | $10,956 | $36,520 | $17.56/hr |
| 1-Bedroom Apartment | $918 | $11,016 | $36,720 | $17.65/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,143 | $13,716 | $45,720 | $21.98/hr |
| 3-Bedroom Home | $1,550 | $18,600 | $62,000 | $29.81/hr |
| 4-Bedroom Home | $1,812 | $21,744 | $72,480 | $34.85/hr |
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Frequently Asked Questions About Rent in Rocky Mount, NC
What is the Fair Market Rent for a 2-bedroom in Rocky Mount, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Rocky Mount, NC is $1,143 per month ($13,716 per year).
What hourly wage is needed to afford rent in Rocky Mount, NC?
To comfortably afford a 2-bedroom apartment at $1,143/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.98 per hour ($45,720/year).
What are the HUD Fair Market Rents by bedroom count in Rocky Mount, NC?
Official 2026 HUD rents in Rocky Mount, NC are: Studio: $913/mo, 1-Bedroom: $918/mo, 2-Bedroom: $1,143/mo, 3-Bedroom: $1,550/mo, and 4-Bedroom: $1,812/mo.
How do HUD Fair Market Rents compare to local incomes in Rocky Mount, NC?
At the local Census ACS median household income of $55,534/year ($4,628/month), the benchmark 2-bedroom Fair Market Rent represents 24.7% of monthly income.
How is the 30% housing affordability standard calculated in Rocky Mount, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,143/month, the required minimum annual gross income is calculated as ($1,143 × 12) ÷ 0.30 = $45,720 per year.