What HUD offices serve Boyd County, Kentucky?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Boyd County.
How many renters live in Boyd County, Kentucky?
The County of Boyd County has people living in households.
There are renters living in renter households in this County. Renters make up 28.08 percent of the population living in Boyd County.
What is the rental market like in Boyd County, Kentucky?
There are an estimated housing units in the Boyd County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Boyd County, Kentucky, there are 1.07 rental units.
What is the vacancy rate for rentals in Boyd County?
The rental vacancy rate in Boyd County is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Boyd County for each bedroom size?
Occupied Rental Units by Size in Boyd County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 172 | 765 | 2,489 | 1,675 | 406 |
Occupied Rental Units by Size in Boyd County
A large number of apartments in Boyd County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Boyd County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $793 |
| One BR | $815 |
| Two BR | $938 |
| Three BR | $1,236 |
| Four BR | $1,431 |
2024 Fair Market Rents in Boyd County, Kentucky
How many units are rented at Fair Market Rent (FMR) in Boyd County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 122 | 71 percent |
| One BR | 580 | 76 percent |
| Two BR | 1,847 | 74 percent |
Rental Units Below FMR in Boyd County, Kentucky
How many affordable rental units are in Boyd County?
There are a variety of federal affordable housing programs serving households in Boyd County, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Boyd County, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Boyd County, Kentucky
Boyd County features 1,200 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Boyd County, Kentucky
There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boyd County.
Housing Choice Vouchers in Boyd County, Kentucky
On average, Section 8 Housing Choice vouchers pay Boyd County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Boyd County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Boyd County, Kentucky for a two-bedroom apartment is between $844 and $1,032.
Sourced from federal housing data and AffordableHousingOnline.com research.
