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Affordable Housing In Anderson County

3 Low Income Apartment Communities In Anderson County

Willow Woods Apartments

502 E Court St
Lawrenceburg, Kentucky
Accepts Vouchers

Brayton Apartments

10 Lynn Drive
Lawrenceburg, Kentucky

Westview Apartments

126 Peach Drive
Lawrenceburg, Kentucky
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Housing Authorities that serve Anderson County

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Anderson County, Kentucky

There are 3 low income housing apartment communities offering 152 affordable apartments for rent in Anderson County, Kentucky.

Income Based Apartments in Anderson County, Kentucky

Anderson County features 56 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 Anderson County, Kentucky

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Anderson County.

Housing Choice Vouchers in Anderson County, Kentucky

On average, Section 8 Housing Choice vouchers pay Anderson County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Anderson County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Anderson County, Kentucky for a two-bedroom apartment is between $655 and $801.

2020 Anderson County, Kentucky 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
Fair Market Rent $517 $630 $728 $983 $986
Payment Standard Range $465 to $569 $567 to $693 $655 to $801 $885 to $1,081 $887 to $1,085

Sourced from federal housing data and research.

Anderson County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 152
Total Housing Units with Rental Assistance 56
Percentage of Housing Units Occupied By Renters 23.03%
Average Renter Household Size 2.30
Average Household Size 2.56
Median Household Income $53,974 ±$3,350
Median Rent $721 ±$48
Percentage Of Renters Overburdened 37.63% ± 9.61pp
Total Population 21,761

Population and Household Demographics

Anderson County is a county in Kentucky with a population of 21,761. There are 8,446 households in the county with an average household size of 2.56 persons. 23.03% of households in Anderson County are renters.

Income and Rent Overburden in Anderson County

The median gross income for households in Anderson County is $53,974 a year, or $4,498 a month. The median rent for the county is $721 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Anderson County, a household making less than $2,403 a month would be considered overburdened when renting an apartment at or above the median rent. 37.63% of households who rent are overburdened in Anderson County.

Area Median Income In Anderson County

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 Anderson County, HUD calculates the Area Median Income for a family of four as $69,700

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 Anderson County

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 Anderson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,650 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
80% of Median $39,050 $44,600 $50,200 $55,750 $60,250 $64,700 $69,150 $73,600

Cities In Anderson County

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

City Served By
Lawrenceburg The HUD funded Public Housing Agency that serves Lawrenceburg is the Kentucky Housing Corporation.