Low Income Apartments and Affordable Housing For Rent in Vanceburg, KY

Discover affordable housing in Vanceburg where there are 6+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Echo Hill Apartments

20 Echo Hill, Vanceburg, Kentucky 41179

Vanceburg Senior Apartments

22 Winterwood Ln, Vanceburg, Kentucky 41179

Housing Authority of Vanceburg Public Housing

708 Fairlane Drive South, Vanceburg, Kentucky 41179

Cooper Commons Apts

619 Oakview Drive, Vanceburg, Kentucky

Colony Village Apts

1101 Fairlane Drive, Vanceburg, Kentucky

Kentucky

200 Gander Branch Rd, Vanceburg, Kentucky 41179

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Vanceburg, Kentucky
$16.10/hour
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Vanceburg, Kentucky Affordable Housing ↓

What HUD offices serve Vanceburg, 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.

Operates the Public Housing programs for Vanceburg, Kentucky.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Vanceburg, Kentucky.

Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Vanceburg.

How many renters live in Vanceburg, Kentucky?

The City of Vanceburg has 1,303 people living in 571 households.

There are 530 renters living in 276 renter households in this City. Renters make up 40.68 percent of the population living in Vanceburg.

What is the rental market like in Vanceburg, Kentucky?

There are an estimated 671 housing units in the Vanceburg area. Of these, 297 units are rental homes, making up 44 percent of the housing market. For every renter household in Vanceburg, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Vanceburg?

The rental vacancy rate in Vanceburg is 7 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 Vanceburg for each bedroom size?

Occupied Rental Units by Size in Vanceburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 81 80 103 12
Occupied Rental Units by Size in Vanceburg

A large number of apartments in Vanceburg 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 Vanceburg are overburdened by housing costs?

Among renter households in this market, 25 percent have housing cost burden. Further, 4 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 Vanceburg

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 $705
Two BR $850
Three BR $1,151
Four BR $1,156
2024 Fair Market Rents in Vanceburg, Kentucky

How many units are rented at Fair Market Rent (FMR) in Vanceburg?

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
One BR 68 84 percent
Two BR 64 80 percent
Rental Units Below FMR in Vanceburg, Kentucky

How many affordable rental units are in Vanceburg?

There are a variety of federal affordable housing programs serving households in Vanceburg, Kentucky including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 64
Public Housing 41
Section 8 Project-Based Rental Assistance 22
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in Vanceburg, Kentucky

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Vanceburg, Kentucky

Vanceburg features 156 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 Vanceburg, Kentucky

There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vanceburg.

Housing Choice Vouchers in Vanceburg, Kentucky

On average, Section 8 Housing Choice vouchers pay Vanceburg landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Vanceburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Vanceburg, Kentucky for a two-bedroom apartment is between $765 and $935.

Sourced from federal housing data and AffordableHousingOnline.com research.