Rental Benchmark Overview
2-Bedroom Benchmark Rent
$873$10,476 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wells County, ND
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wells County, ND
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 | $760 | $9,120 | $30,400 | $14.62/hr |
| 1-Bedroom Apartment | $796 | $9,552 | $31,840 | $15.31/hr |
| 2-Bedroom ApartmentStandard Benchmark | $873 | $10,476 | $34,920 | $16.79/hr |
| 3-Bedroom Home | $1,214 | $14,568 | $48,560 | $23.35/hr |
| 4-Bedroom Home | $1,464 | $17,568 | $58,560 | $28.15/hr |
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Frequently Asked Questions About Rent in Wells County, ND
What is the Fair Market Rent for a 2-bedroom in Wells County, ND?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wells County, ND is $873 per month ($10,476 per year).
What hourly wage is needed to afford rent in Wells County, ND?
To comfortably afford a 2-bedroom apartment at $873/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.79 per hour ($34,920/year).
What are the HUD Fair Market Rents by bedroom count in Wells County, ND?
Official 2026 HUD rents in Wells County, ND are: Studio: $760/mo, 1-Bedroom: $796/mo, 2-Bedroom: $873/mo, 3-Bedroom: $1,214/mo, and 4-Bedroom: $1,464/mo.
How do HUD Fair Market Rents compare to local incomes in Wells County, ND?
At the local Census ACS median household income of $66,114/year ($5,510/month), the benchmark 2-bedroom Fair Market Rent represents 15.8% of monthly income.
How is the 30% housing affordability standard calculated in Wells County, ND?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $873/month, the required minimum annual gross income is calculated as ($873 × 12) ÷ 0.30 = $34,920 per year.