Rental Benchmark Overview
2-Bedroom Benchmark Rent
$911$10,932 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Union County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Union County, KY
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 | $651 | $7,812 | $26,040 | $12.52/hr |
| 1-Bedroom Apartment | $694 | $8,328 | $27,760 | $13.35/hr |
| 2-Bedroom ApartmentStandard Benchmark | $911 | $10,932 | $36,440 | $17.52/hr |
| 3-Bedroom Home | $1,092 | $13,104 | $43,680 | $21.00/hr |
| 4-Bedroom Home | $1,206 | $14,472 | $48,240 | $23.19/hr |
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Frequently Asked Questions About Rent in Union County, KY
What is the Fair Market Rent for a 2-bedroom in Union County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Union County, KY is $911 per month ($10,932 per year).
What hourly wage is needed to afford rent in Union County, KY?
To comfortably afford a 2-bedroom apartment at $911/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.52 per hour ($36,440/year).
What are the HUD Fair Market Rents by bedroom count in Union County, KY?
Official 2026 HUD rents in Union County, KY are: Studio: $651/mo, 1-Bedroom: $694/mo, 2-Bedroom: $911/mo, 3-Bedroom: $1,092/mo, and 4-Bedroom: $1,206/mo.
How do HUD Fair Market Rents compare to local incomes in Union County, KY?
At the local Census ACS median household income of $60,327/year ($5,027/month), the benchmark 2-bedroom Fair Market Rent represents 18.1% of monthly income.
How is the 30% housing affordability standard calculated in Union County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $911/month, the required minimum annual gross income is calculated as ($911 × 12) ÷ 0.30 = $36,440 per year.