What HUD offices serve Paintsville, 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 Paintsville.
How many renters live in Paintsville, Kentucky?
The City of Paintsville has 4,277 people living in 1,615 households.
There are 2,108 renters living in 930 renter households in this City. Renters make up 49.29 percent of the population living in Paintsville.
What is the rental market like in Paintsville, Kentucky?
There are an estimated 2,120 housing units in the Paintsville area. Of these, 1,072 units are rental homes, making up 51 percent of the housing market. For every renter household in Paintsville, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Paintsville?
The rental vacancy rate in Paintsville is 11 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 Paintsville for each bedroom size?
Occupied Rental Units by Size in Paintsville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 313 | 290 | 191 | 75 |
Occupied Rental Units by Size in Paintsville
A large number of apartments in Paintsville 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 Paintsville are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 23 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 Paintsville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,156. 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 | $1,120 |
| Four BR | $1,156 |
2024 Fair Market Rents in Paintsville, Kentucky
How many units are rented at Fair Market Rent (FMR) in Paintsville?
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 | 0 | 100 percent |
| One BR | 194 | 62 percent |
| Two BR | 290 | 100 percent |
Rental Units Below FMR in Paintsville, Kentucky
How many affordable rental units are in Paintsville?
There are a variety of federal affordable housing programs serving households in Paintsville, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 2 |
| Public Housing | 273 |
Tracked Units by Federal Program in Paintsville, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Paintsville, Kentucky
Paintsville features 359 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 Paintsville, Kentucky
There are 26 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Paintsville.
Housing Choice Vouchers in Paintsville, Kentucky
On average, Section 8 Housing Choice vouchers pay Paintsville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Paintsville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Paintsville, Kentucky for a two-bedroom apartment is between $765 and $935.
Sourced from federal housing data and AffordableHousingOnline.com research.
