Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,363$16,356 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Transylvania County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Transylvania 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 | $1,032 | $12,384 | $41,280 | $19.85/hr |
| 1-Bedroom Apartment | $1,039 | $12,468 | $41,560 | $19.98/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,363 | $16,356 | $54,520 | $26.21/hr |
| 3-Bedroom Home | $1,634 | $19,608 | $65,360 | $31.42/hr |
| 4-Bedroom Home | $2,048 | $24,576 | $81,920 | $39.38/hr |
See comprehensive cost of living profile for Transylvania County, NC →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across North Carolina:
Frequently Asked Questions About Rent in Transylvania County, NC
What is the Fair Market Rent for a 2-bedroom in Transylvania County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Transylvania County, NC is $1,363 per month ($16,356 per year).
What hourly wage is needed to afford rent in Transylvania County, NC?
To comfortably afford a 2-bedroom apartment at $1,363/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.21 per hour ($54,520/year).
What are the HUD Fair Market Rents by bedroom count in Transylvania County, NC?
Official 2026 HUD rents in Transylvania County, NC are: Studio: $1,032/mo, 1-Bedroom: $1,039/mo, 2-Bedroom: $1,363/mo, 3-Bedroom: $1,634/mo, and 4-Bedroom: $2,048/mo.
How do HUD Fair Market Rents compare to local incomes in Transylvania County, NC?
At the local Census ACS median household income of $66,184/year ($5,515/month), the benchmark 2-bedroom Fair Market Rent represents 24.7% of monthly income.
How is the 30% housing affordability standard calculated in Transylvania County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,363/month, the required minimum annual gross income is calculated as ($1,363 × 12) ÷ 0.30 = $54,520 per year.