Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,041$12,492 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Vernon Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Vernon Parish, LA
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 | $788 | $9,456 | $31,520 | $15.15/hr |
| 1-Bedroom Apartment | $793 | $9,516 | $31,720 | $15.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,041 | $12,492 | $41,640 | $20.02/hr |
| 3-Bedroom Home | $1,336 | $16,032 | $53,440 | $25.69/hr |
| 4-Bedroom Home | $1,433 | $17,196 | $57,320 | $27.56/hr |
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Frequently Asked Questions About Rent in Vernon Parish, LA
What is the Fair Market Rent for a 2-bedroom in Vernon Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Vernon Parish, LA is $1,041 per month ($12,492 per year).
What hourly wage is needed to afford rent in Vernon Parish, LA?
To comfortably afford a 2-bedroom apartment at $1,041/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.02 per hour ($41,640/year).
What are the HUD Fair Market Rents by bedroom count in Vernon Parish, LA?
Official 2026 HUD rents in Vernon Parish, LA are: Studio: $788/mo, 1-Bedroom: $793/mo, 2-Bedroom: $1,041/mo, 3-Bedroom: $1,336/mo, and 4-Bedroom: $1,433/mo.
How do HUD Fair Market Rents compare to local incomes in Vernon Parish, LA?
At the local Census ACS median household income of $57,270/year ($4,773/month), the benchmark 2-bedroom Fair Market Rent represents 21.8% of monthly income.
How is the 30% housing affordability standard calculated in Vernon Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,041/month, the required minimum annual gross income is calculated as ($1,041 × 12) ÷ 0.30 = $41,640 per year.