Affordable Housing In Lexington
Lauderdale County, Alabama

3 Low Income Apartment Communities In Lexington

Fieldcrest Apartments

111 Fieldcrest
Lexington, Alabama

Westview Apartments

120 Westview
Lexington, Alabama

Hermitage Apartments

119 Hermitage
Lexington, Alabama
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Guide To Affordable Housing in Lexington, Alabama

There are 3 low income housing apartment communities offering 48 affordable apartments for rent in Lexington, Alabama.

Income Based Apartments in Lexington, Alabama

Lexington features 0 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 Lexington, Alabama

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Alabama

On average, Section 8 Housing Choice vouchers pay Lexington landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Alabama for a two-bedroom apartment is between $676 and $826.

2022 Lexington, Alabama Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Lexington, Alabama Fair Market Rent $525 $575 $751 $935 $1,173
Lexington, Alabama Payment Standard Range $473 to $578 $518 to $633 $676 to $826 $842 to $1,029 $1,056 to $1,290

Sourced from federal housing data and AffordableHousingOnline.com research.

Lexington, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 35.69%
Average Renter Household Size 2.08
Average Household Size 2.25
Median Household Income $35,521 ±$8,010
Median Rent $439 ±$146
Percentage Of Renters Overburdened 33.02% ± 17.41pp
Total Population 667

Population and Household Demographics

Lexington is a city in Lauderdale County, Alabama with a population of 667. There are 297 households in the city with an average household size of 2.25 persons. 35.69% of households in Lexington are renters.

Income and Rent Overburden in Lexington

The median gross income for households in Lexington is $35,521 a year, or $2,960 a month. The median rent for the city is $439 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington, a household making less than $1,463 a month would be considered overburdened when renting an apartment at or above the median rent. 33.02% of households who rent are overburdened in Lexington.

Area Median Income In Lexington

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lexington, the AMI is calculated from all households within Lauderdale County.

In Lexington, HUD calculates the Area Median Income for a family of four as $68,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lexington

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Lexington

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lexington AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $45,050
50% AMI Income Limits
Renters earning up to 50% of the Lexington AMI may qualify for rental assistance programs that target Very Low Income households.
$23,900 $27,300 $30,700 $34,100 $36,850 $39,600 $42,300 $45,050
80% AMI Income Limits
Renters earning up to 80% of the Lexington AMI may qualify for rental assistance programs that target Low Income households.
$38,200 $43,650 $49,100 $54,550 $58,950 $63,300 $67,650 $72,050