How many renters live in Graves County, Kentucky?
The County of Graves County has people living in households.
There are renters living in renter households in this County. Renters make up 24.31 percent of the population living in Graves County.
What is the rental market like in Graves County, Kentucky?
There are an estimated housing units in the Graves County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Graves County, Kentucky, there are 1.02 rental units.
What is the vacancy rate for rentals in Graves County?
The rental vacancy rate in Graves County is 1 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 Graves County for each bedroom size?
Occupied Rental Units by Size in Graves County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 75 | 641 | 1,498 | 1,152 | 224 |
Occupied Rental Units by Size in Graves County
A large number of apartments in Graves 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 Graves County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,442. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $616 |
| One BR | $647 |
| Two BR | $850 |
| Three BR | $1,198 |
| Four BR | $1,442 |
2024 Fair Market Rents in Graves County, Kentucky
How many units are rented at Fair Market Rent (FMR) in Graves 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 | 70 | 93 percent |
| One BR | 461 | 72 percent |
| Two BR | 990 | 66 percent |
Rental Units Below FMR in Graves County, Kentucky
How many affordable rental units are in Graves County?
There are a variety of federal affordable housing programs serving households in Graves County, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Graves County, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Graves County, Kentucky
Graves County features 525 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 Graves County, Kentucky
There are 38 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Graves County.
Housing Choice Vouchers in Graves County, Kentucky
On average, Section 8 Housing Choice vouchers pay Graves County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Graves County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Graves County, Kentucky for a two-bedroom apartment is between $765 and $935.
Sourced from federal housing data and AffordableHousingOnline.com research.