Affordable Housing In Kenai Peninsula Borough
Alaska

18 Low Income Apartment Communities In Kenai Peninsula Borough

Bayside Apartments

1011 4th St
Seward, Alaska
Call For Rent
1-3 BR
Subsidized

Conifer Woods Apartments

4014 Ben Walters Ln
Homer, Alaska
$881-980
1-2 BR
Subsidized

Woodridge Apartments

903 cook Ave
Kenai, Alaska
Call For Rent
1-2 BR
Subsidized
Accessible
62+

Northwood Retirement Apartments

190 W Park Ave
Soldotna, Alaska
Call For Rent
1 BR

Laurawood Arms

131 Shady Ln
Soldotna, Alaska
Call For Rent
1 BR
62+

Kimberly Court Apartments

1821 Swetmann Ave
Seward, Alaska
Call For Rent
1-3 BR

Bayview Apartments

214 6th Ave
Seward, Alaska
Call For Rent
1-2 BR
Subsidized

Glacier View Apartments

200 Lowell Canyon Rd
Seward, Alaska
Subsidized

Pacific Park

106 Caines
Seward, Alaska

Aurora Commons

322 Tyee St
Soldotna, Alaska
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Guide To Affordable Housing in Kenai Peninsula Borough, Alaska

There are 18 low income housing apartment communities offering 435 affordable apartments for rent in Kenai Peninsula Borough, Alaska.

Income Based Apartments in Kenai Peninsula Borough, Alaska

Kenai Peninsula Borough features 295 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 Kenai Peninsula Borough, Alaska

There are 140 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kenai Peninsula Borough.

Housing Choice Vouchers in Kenai Peninsula Borough, Alaska

On average, Section 8 Housing Choice vouchers pay Kenai Peninsula Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Kenai Peninsula Borough.

The maximum amount a voucher would pay on behalf of a low-income tenant in Kenai Peninsula Borough, Alaska for a two-bedroom apartment is between $965 and $1,179.

2022 Kenai Peninsula Borough, Alaska 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
Kenai Peninsula Borough, Alaska Fair Market Rent $815 $820 $1,072 $1,507 $1,662
Kenai Peninsula Borough, Alaska Payment Standard Range $734 to $897 $738 to $902 $965 to $1,179 $1,356 to $1,658 $1,496 to $1,828

Sourced from federal housing data and AffordableHousingOnline.com research.

Kenai Peninsula Borough, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 435
Total Housing Units with Rental Assistance 295
Percentage of Housing Units Occupied By Renters 27.55%
Average Renter Household Size 2.58
Average Household Size 2.57
Median Household Income $63,684 ±$2,337
Median Rent $940 ±$36
Percentage Of Renters Overburdened 38.28% ± 3.13pp
Total Population 57,221

Population and Household Demographics

Kenai Peninsula Borough is a county in Alaska with a population of 57,221. There are 21,485 households in the county with an average household size of 2.57 persons. 27.55% of households in Kenai Peninsula Borough are renters.

Income and Rent Overburden in Kenai Peninsula Borough

The median gross income for households in Kenai Peninsula Borough is $63,684 a year, or $5,307 a month. The median rent for the county is $940 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kenai Peninsula Borough, a household making less than $3,133 a month would be considered overburdened when renting an apartment at or above the median rent. 38.28% of households who rent are overburdened in Kenai Peninsula Borough.

Area Median Income In Kenai Peninsula Borough

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.

In Kenai Peninsula Borough, HUD calculates the Area Median Income for a family of four as $98,400

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 Kenai Peninsula Borough

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 Kenai Peninsula Borough

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 Kenai Peninsula Borough AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,650 $23,600 $28,790 $34,690 $40,590 $46,490 $52,390 $58,290
50% AMI Income Limits
Renters earning up to 50% of the Kenai Peninsula Borough AMI may qualify for rental assistance programs that target Very Low Income households.
$34,450 $39,400 $44,300 $49,200 $53,150 $57,100 $61,050 $64,950
80% AMI Income Limits
Renters earning up to 80% of the Kenai Peninsula Borough AMI may qualify for rental assistance programs that target Low Income households.
$55,100 $63,000 $70,850 $78,700 $85,000 $91,300 $97,600 $103,900

Cities In Kenai Peninsula Borough

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Anchor Point
Bear Creek
Beluga
Clam Gulch
Cohoe
Cooper Landing
Crown Point
Diamond Ridge
Fox River
Fritz Creek
Funny River
Halibut Cove
Happy Valley
Homer The HUD funded Public Housing Agency that serves Homer is the Alaska Housing Finance Corporation - Section 8.
Hope
Kachemak
Kalifornsky
Kasilof
Kenai
Lowell Point
Moose Pass
Nanwalek
Nikiski
Nikolaevsk
Ninilchik
Point Possession
Port Graham
Primrose
Ridgeway
Salamatof
Seldovia
Seldovia Village
Seward The HUD funded Public Housing Agency that serves Seward is the Alaska Housing Finance Corporation - Public Housing.
Soldotna The HUD funded Public Housing Agency that serves Soldotna is the Alaska Housing Finance Corporation - Section 8.
Sterling
Sunrise
Tyonek