Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,167$14,004 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Somerset County, MD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Somerset County, MD
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 | $901 | $10,812 | $36,040 | $17.33/hr |
| 1-Bedroom Apartment | $907 | $10,884 | $36,280 | $17.44/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,167 | $14,004 | $46,680 | $22.44/hr |
| 3-Bedroom Home | $1,586 | $19,032 | $63,440 | $30.50/hr |
| 4-Bedroom Home | $1,667 | $20,004 | $66,680 | $32.06/hr |
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Frequently Asked Questions About Rent in Somerset County, MD
What is the Fair Market Rent for a 2-bedroom in Somerset County, MD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Somerset County, MD is $1,167 per month ($14,004 per year).
What hourly wage is needed to afford rent in Somerset County, MD?
To comfortably afford a 2-bedroom apartment at $1,167/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.44 per hour ($46,680/year).
What are the HUD Fair Market Rents by bedroom count in Somerset County, MD?
Official 2026 HUD rents in Somerset County, MD are: Studio: $901/mo, 1-Bedroom: $907/mo, 2-Bedroom: $1,167/mo, 3-Bedroom: $1,586/mo, and 4-Bedroom: $1,667/mo.
How do HUD Fair Market Rents compare to local incomes in Somerset County, MD?
At the local Census ACS median household income of $64,943/year ($5,412/month), the benchmark 2-bedroom Fair Market Rent represents 21.6% of monthly income.
How is the 30% housing affordability standard calculated in Somerset County, MD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,167/month, the required minimum annual gross income is calculated as ($1,167 × 12) ÷ 0.30 = $46,680 per year.