Affordable Housing In Barren County
Kentucky

8 Low Income Apartment Communities In Barren County

Glasgow Graded School Apartments

307 S Liberty St
Glasgow, KY
Call For Rent
1-2 BR
55+
HCV Welcome

Arbors of Glasgow Apartments

108 Adams Pl
Glasgow, KY
Subsidized

Regency Park - Glasgow

203 Columbia Ave
Glasgow, KY
Subsidized

Bluegrass Place I Apartments

800 Cleveland Ave
Glasgow, KY
Subsidized

Happy Valley Manor Apartments

418 E Happy Valley St
Cave City, KY
Subsidized

Edwin P. Terry Estates

201 School House Dr
Cave City, KY

Shamrock, Sam Terry - Bunc

208 Park Ave
Glasgow, KY

Myrtle Street

100 Myrtle St
Glasgow, KY
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There are 8 low income housing apartment complexes which contain 605 affordable apartments for rent in Barren County. Many of these rental apartments are income based housing with 582 apartments that set rent based on your income. In Barren County, HUD housing programs support 140 rental assistance apartments through programs like Project-based Section 8. There are 23 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Barren County

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

Other Housing Authorities located in Barren County

Housing Authority Programs
Housing Authority of Glasgow Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Barren County, Kentucky

Barren County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 605
Total Rent Assisted Apartments 582
Percentage of Housing Units Occupied By Renters 32.54%
Average Renter Household Size 2.31
Total Population 42,925
Housing Units 16,979
Average Household Size 2.48
Median Household Income $38,370 ±$1,807
Median Rent $594 ±$20
Percentage Of Renters Overburdened 44.9% ± 5.77pp

Population and Household Demographics

Barren County is a County in Kentucky with a population of 42,925. There are 16,979 households in the county with an average household size of 2.48 persons. 32.54% of households in Barren County are renters.

Income and Rent Overburden in Barren County

The median gross income for households in Barren County is $38,370 a year, or $3,198 a month. The median rent for the county is $594 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Barren County, a household making less than $1,980 a month would be considered overburdened when renting an apartment at or above the median rent. 44.9% of households who rent are overburdened in Barren County.1

Area Median Income In Barren 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 Barren County, HUD calculates the Area Median Income for a family of four as $50,800

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 Barren 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 Barren County HUD Rental Assistance in Barren County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
Low Income Housing Tax Credits in Barren County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2005 to 2010, 3 low income apartment communities containing 147 rental apartments have been constructed and made affordable to low income persons in Barren County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Barren County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Barren County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
Fair Market Rents in Barren County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$411 $524 $639 $840 $869

Cities In Barren County

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

City Listings Served By
Glasgow 6 The HUD funded Public Housing Agencies that serve Glasgow are the Housing Authority of Glasgow and Kentucky Housing Corporation.
Cave City 2 The HUD funded Public Housing Agency that serves Cave City is the Kentucky Housing Corporation.
Hiseville 0 The HUD funded Public Housing Agency that serves Hiseville is the Kentucky Housing Corporation.
Park City 0 The HUD funded Public Housing Agency that serves Park City is the Kentucky Housing Corporation.