How many renters live in Stamping Ground, Kentucky?
The City of Stamping Ground has 908 people living in 340 households.
There are 302 renters living in 131 renter households in this City. Renters make up 33.26 percent of the population living in Stamping Ground.
What is the rental market like in Stamping Ground, Kentucky?
There are an estimated 367 housing units in the Stamping Ground area. Of these, 140 units are rental homes, making up 38 percent of the housing market. For every renter household in Stamping Ground, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Stamping Ground?
The rental vacancy rate in Stamping Ground is 0 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 Stamping Ground for each bedroom size?
Occupied Rental Units by Size in Stamping Ground
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 21 | 31 | 50 | 16 |
Occupied Rental Units by Size in Stamping Ground
A large number of apartments in Stamping Ground 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 Stamping Ground are overburdened by housing costs?
Among renter households in this market, 28 percent have housing cost burden. Further, 15 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 Stamping Ground
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $802 to $1,807. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $802 |
| One BR | $983 |
| Two BR | $1,177 |
| Three BR | $1,599 |
| Four BR | $1,807 |
2024 Fair Market Rents in Stamping Ground, Kentucky
How many units are rented at Fair Market Rent (FMR) in Stamping Ground?
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 | 10 | 100 percent |
| One BR | 21 | 100 percent |
| Two BR | 23 | 74 percent |
Rental Units Below FMR in Stamping Ground, Kentucky
How many affordable rental units are in Stamping Ground?
There are a variety of federal affordable housing programs serving households in Stamping Ground, Kentucky including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 24 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Stamping Ground, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stamping Ground, Kentucky
Stamping Ground features 24 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 Stamping Ground, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stamping Ground.
Housing Choice Vouchers in Stamping Ground, Kentucky
On average, Section 8 Housing Choice vouchers pay Stamping Ground landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stamping Ground.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stamping Ground, Kentucky for a two-bedroom apartment is between $1,059 and $1,295.
Sourced from federal housing data and AffordableHousingOnline.com research.
