Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,022$12,264 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wood County, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wood County, TX
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 | $705 | $8,460 | $28,200 | $13.56/hr |
| 1-Bedroom Apartment | $814 | $9,768 | $32,560 | $15.65/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,022 | $12,264 | $40,880 | $19.65/hr |
| 3-Bedroom Home | $1,260 | $15,120 | $50,400 | $24.23/hr |
| 4-Bedroom Home | $1,398 | $16,776 | $55,920 | $26.88/hr |
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Frequently Asked Questions About Rent in Wood County, TX
What is the Fair Market Rent for a 2-bedroom in Wood County, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wood County, TX is $1,022 per month ($12,264 per year).
What hourly wage is needed to afford rent in Wood County, TX?
To comfortably afford a 2-bedroom apartment at $1,022/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.65 per hour ($40,880/year).
What are the HUD Fair Market Rents by bedroom count in Wood County, TX?
Official 2026 HUD rents in Wood County, TX are: Studio: $705/mo, 1-Bedroom: $814/mo, 2-Bedroom: $1,022/mo, 3-Bedroom: $1,260/mo, and 4-Bedroom: $1,398/mo.
How do HUD Fair Market Rents compare to local incomes in Wood County, TX?
At the local Census ACS median household income of $60,300/year ($5,025/month), the benchmark 2-bedroom Fair Market Rent represents 20.3% of monthly income.
How is the 30% housing affordability standard calculated in Wood County, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,022/month, the required minimum annual gross income is calculated as ($1,022 × 12) ÷ 0.30 = $40,880 per year.