Rental Benchmark Overview
2-Bedroom Benchmark Rent
$935$11,220 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Yancey County, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Yancey County, NC
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 | $708 | $8,496 | $28,320 | $13.62/hr |
| 1-Bedroom Apartment | $713 | $8,556 | $28,520 | $13.71/hr |
| 2-Bedroom ApartmentStandard Benchmark | $935 | $11,220 | $37,400 | $17.98/hr |
| 3-Bedroom Home | $1,233 | $14,796 | $49,320 | $23.71/hr |
| 4-Bedroom Home | $1,238 | $14,856 | $49,520 | $23.81/hr |
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Frequently Asked Questions About Rent in Yancey County, NC
What is the Fair Market Rent for a 2-bedroom in Yancey County, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Yancey County, NC is $935 per month ($11,220 per year).
What hourly wage is needed to afford rent in Yancey County, NC?
To comfortably afford a 2-bedroom apartment at $935/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.98 per hour ($37,400/year).
What are the HUD Fair Market Rents by bedroom count in Yancey County, NC?
Official 2026 HUD rents in Yancey County, NC are: Studio: $708/mo, 1-Bedroom: $713/mo, 2-Bedroom: $935/mo, 3-Bedroom: $1,233/mo, and 4-Bedroom: $1,238/mo.
How do HUD Fair Market Rents compare to local incomes in Yancey County, NC?
At the local Census ACS median household income of $58,709/year ($4,892/month), the benchmark 2-bedroom Fair Market Rent represents 19.1% of monthly income.
How is the 30% housing affordability standard calculated in Yancey County, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $935/month, the required minimum annual gross income is calculated as ($935 × 12) ÷ 0.30 = $37,400 per year.