Rental Benchmark Overview
2-Bedroom Benchmark Rent
$923$11,076 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Vernon County, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Vernon County, MO
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 | $686 | $8,232 | $27,440 | $13.19/hr |
| 1-Bedroom Apartment | $703 | $8,436 | $28,120 | $13.52/hr |
| 2-Bedroom ApartmentStandard Benchmark | $923 | $11,076 | $36,920 | $17.75/hr |
| 3-Bedroom Home | $1,160 | $13,920 | $46,400 | $22.31/hr |
| 4-Bedroom Home | $1,373 | $16,476 | $54,920 | $26.40/hr |
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Frequently Asked Questions About Rent in Vernon County, MO
What is the Fair Market Rent for a 2-bedroom in Vernon County, MO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Vernon County, MO is $923 per month ($11,076 per year).
What hourly wage is needed to afford rent in Vernon County, MO?
To comfortably afford a 2-bedroom apartment at $923/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.75 per hour ($36,920/year).
What are the HUD Fair Market Rents by bedroom count in Vernon County, MO?
Official 2026 HUD rents in Vernon County, MO are: Studio: $686/mo, 1-Bedroom: $703/mo, 2-Bedroom: $923/mo, 3-Bedroom: $1,160/mo, and 4-Bedroom: $1,373/mo.
How do HUD Fair Market Rents compare to local incomes in Vernon County, MO?
At the local Census ACS median household income of $52,230/year ($4,353/month), the benchmark 2-bedroom Fair Market Rent represents 21.2% of monthly income.
How is the 30% housing affordability standard calculated in Vernon County, MO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $923/month, the required minimum annual gross income is calculated as ($923 × 12) ÷ 0.30 = $36,920 per year.