Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,022$24,264 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Routt County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Routt County, CO
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 | $1,726 | $20,712 | $69,040 | $33.19/hr |
| 1-Bedroom Apartment | $1,845 | $22,140 | $73,800 | $35.48/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,022 | $24,264 | $80,880 | $38.88/hr |
| 3-Bedroom Home | $2,424 | $29,088 | $96,960 | $46.62/hr |
| 4-Bedroom Home | $3,170 | $38,040 | $126,800 | $60.96/hr |
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Frequently Asked Questions About Rent in Routt County, CO
What is the Fair Market Rent for a 2-bedroom in Routt County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Routt County, CO is $2,022 per month ($24,264 per year).
What hourly wage is needed to afford rent in Routt County, CO?
To comfortably afford a 2-bedroom apartment at $2,022/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $38.88 per hour ($80,880/year).
What are the HUD Fair Market Rents by bedroom count in Routt County, CO?
Official 2026 HUD rents in Routt County, CO are: Studio: $1,726/mo, 1-Bedroom: $1,845/mo, 2-Bedroom: $2,022/mo, 3-Bedroom: $2,424/mo, and 4-Bedroom: $3,170/mo.
How do HUD Fair Market Rents compare to local incomes in Routt County, CO?
At the local Census ACS median household income of $106,489/year ($8,874/month), the benchmark 2-bedroom Fair Market Rent represents 22.8% of monthly income.
How is the 30% housing affordability standard calculated in Routt County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,022/month, the required minimum annual gross income is calculated as ($2,022 × 12) ÷ 0.30 = $80,880 per year.