What HUD offices serve Horse Cave, 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 Horse Cave.
How many renters live in Horse Cave, Kentucky?
The City of Horse Cave has 2,353 people living in 1,013 households.
There are 1,092 renters living in 428 renter households in this City. Renters make up 46.41 percent of the population living in Horse Cave.
What is the rental market like in Horse Cave, Kentucky?
There are an estimated 1,199 housing units in the Horse Cave area. Of these, 513 units are rental homes, making up 43 percent of the housing market. For every renter household in Horse Cave, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Horse Cave?
The rental vacancy rate in Horse Cave is 17 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Horse Cave for each bedroom size?
Occupied Rental Units by Size in Horse Cave
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 53 | 153 | 131 | 53 |
Occupied Rental Units by Size in Horse Cave
A large number of apartments in Horse Cave have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Horse Cave are overburdened by housing costs?
Among renter households in this market, 33 percent have housing cost burden. Further, 8 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Horse Cave
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,132. 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 | $1,093 |
| Four BR | $1,132 |
2024 Fair Market Rents in Horse Cave, Kentucky
How many units are rented at Fair Market Rent (FMR) in Horse Cave?
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 | 4 | 100 percent |
| One BR | 46 | 87 percent |
| Two BR | 129 | 84 percent |
Rental Units Below FMR in Horse Cave, Kentucky
How many affordable rental units are in Horse Cave?
There are a variety of federal affordable housing programs serving households in Horse Cave, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 104 |
| Public Housing | 32 |
| Section 8 Project-Based Rental Assistance | 56 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Horse Cave, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Horse Cave, Kentucky
Horse Cave features 180 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 Horse Cave, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Horse Cave.
Housing Choice Vouchers in Horse Cave, Kentucky
On average, Section 8 Housing Choice vouchers pay Horse Cave landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Horse Cave.
The maximum amount a voucher would pay on behalf of a low-income tenant in Horse Cave, Kentucky for a two-bedroom apartment is between $765 and $935.
Sourced from federal housing data and AffordableHousingOnline.com research.
