Rental Benchmark Overview
2-Bedroom Benchmark Rent
$928$11,136 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wood County, WV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wood County, WV
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 | $741 | $8,892 | $29,640 | $14.25/hr |
| 1-Bedroom Apartment | $745 | $8,940 | $29,800 | $14.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $928 | $11,136 | $37,120 | $17.85/hr |
| 3-Bedroom Home | $1,194 | $14,328 | $47,760 | $22.96/hr |
| 4-Bedroom Home | $1,253 | $15,036 | $50,120 | $24.10/hr |
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Frequently Asked Questions About Rent in Wood County, WV
What is the Fair Market Rent for a 2-bedroom in Wood County, WV?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wood County, WV is $928 per month ($11,136 per year).
What hourly wage is needed to afford rent in Wood County, WV?
To comfortably afford a 2-bedroom apartment at $928/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.85 per hour ($37,120/year).
What are the HUD Fair Market Rents by bedroom count in Wood County, WV?
Official 2026 HUD rents in Wood County, WV are: Studio: $741/mo, 1-Bedroom: $745/mo, 2-Bedroom: $928/mo, 3-Bedroom: $1,194/mo, and 4-Bedroom: $1,253/mo.
How do HUD Fair Market Rents compare to local incomes in Wood County, WV?
At the local Census ACS median household income of $57,810/year ($4,818/month), the benchmark 2-bedroom Fair Market Rent represents 19.3% of monthly income.
How is the 30% housing affordability standard calculated in Wood County, WV?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $928/month, the required minimum annual gross income is calculated as ($928 × 12) ÷ 0.30 = $37,120 per year.