Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,061$12,732 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Woodward County, OK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Woodward County, OK
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 | $798 | $9,576 | $31,920 | $15.35/hr |
| 1-Bedroom Apartment | $809 | $9,708 | $32,360 | $15.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,061 | $12,732 | $42,440 | $20.40/hr |
| 3-Bedroom Home | $1,272 | $15,264 | $50,880 | $24.46/hr |
| 4-Bedroom Home | $1,780 | $21,360 | $71,200 | $34.23/hr |
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Frequently Asked Questions About Rent in Woodward County, OK
What is the Fair Market Rent for a 2-bedroom in Woodward County, OK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Woodward County, OK is $1,061 per month ($12,732 per year).
What hourly wage is needed to afford rent in Woodward County, OK?
To comfortably afford a 2-bedroom apartment at $1,061/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.40 per hour ($42,440/year).
What are the HUD Fair Market Rents by bedroom count in Woodward County, OK?
Official 2026 HUD rents in Woodward County, OK are: Studio: $798/mo, 1-Bedroom: $809/mo, 2-Bedroom: $1,061/mo, 3-Bedroom: $1,272/mo, and 4-Bedroom: $1,780/mo.
How do HUD Fair Market Rents compare to local incomes in Woodward County, OK?
At the local Census ACS median household income of $61,417/year ($5,118/month), the benchmark 2-bedroom Fair Market Rent represents 20.7% of monthly income.
How is the 30% housing affordability standard calculated in Woodward County, OK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,061/month, the required minimum annual gross income is calculated as ($1,061 × 12) ÷ 0.30 = $42,440 per year.