Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,979$23,748 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Woodbury, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Woodbury, NY
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 | $1,364 | $16,368 | $54,560 | $26.23/hr |
| 1-Bedroom Apartment | $1,549 | $18,588 | $61,960 | $29.79/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,979 | $23,748 | $79,160 | $38.06/hr |
| 3-Bedroom Home | $2,511 | $30,132 | $100,440 | $48.29/hr |
| 4-Bedroom Home | $2,694 | $32,328 | $107,760 | $51.81/hr |
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Frequently Asked Questions About Rent in Woodbury, NY
What is the Fair Market Rent for a 2-bedroom in Woodbury, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Woodbury, NY is $1,979 per month ($23,748 per year).
What hourly wage is needed to afford rent in Woodbury, NY?
To comfortably afford a 2-bedroom apartment at $1,979/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $38.06 per hour ($79,160/year).
What are the HUD Fair Market Rents by bedroom count in Woodbury, NY?
Official 2026 HUD rents in Woodbury, NY are: Studio: $1,364/mo, 1-Bedroom: $1,549/mo, 2-Bedroom: $1,979/mo, 3-Bedroom: $2,511/mo, and 4-Bedroom: $2,694/mo.
How do HUD Fair Market Rents compare to local incomes in Woodbury, NY?
At the local Census ACS median household income of $121,221/year ($10,102/month), the benchmark 2-bedroom Fair Market Rent represents 19.6% of monthly income.
How is the 30% housing affordability standard calculated in Woodbury, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,979/month, the required minimum annual gross income is calculated as ($1,979 × 12) ÷ 0.30 = $79,160 per year.