Affordable Housing In Boone County
Kentucky

21 Low Income Apartment Communities In Boone County

Towne Creek Crossing Apartments

13160 Service Rd
Walton, Kentucky
Call For Rent
1-3 BR

Aldersgate Apartments

8551 Aldersgate Drive
Florence, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Arcadia Park Apartments I and II

100 Christian Dr
Florence, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Dixie Apartments

7825 Riehl Dr
Florence, Kentucky
Subsidized

Arcadia Park Apartments III

300 Christian Dr
Florence, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Brookview Townhouses

12661 Dixie Highway
Walton, Kentucky

Burlington Terrace Apartments, Phase I

2895 Douglas Dr
Burlington, Kentucky

Burlington Terrace Apartments, Phase II

2895 Douglas Dr
Burlington, Kentucky

Voa Orv Morningside Drive

6742 Hopeful Rd
Florence, Kentucky
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Voa Orv - Hopeful Road, Inc

6772 Hopeful Rd
Florence, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Boone County, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Boone County, Kentucky

Housing Authority Programs
Boone County Assisted Housing Department Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Boone County, Kentucky

There are 21 low income housing apartment communities offering 1,148 affordable apartments for rent in Boone County, Kentucky.

Income Based Apartments in Boone County, Kentucky

Boone County features 506 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 Boone County, Kentucky

There are 642 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boone County.

Housing Choice Vouchers in Boone County, Kentucky

On average, Section 8 Housing Choice vouchers pay Boone County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Boone County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone County, Kentucky for a two-bedroom apartment is between $871 and $1,065.

2022 Boone 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
Boone County, Kentucky Fair Market Rent $643 $742 $968 $1,302 $1,483
Boone County, Kentucky Payment Standard Range $579 to $707 $668 to $816 $871 to $1,065 $1,172 to $1,432 $1,335 to $1,631

Sourced from federal housing data and AffordableHousingOnline.com research.

Boone County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 1,148
Total Housing Units with Rental Assistance 506
Percentage of Housing Units Occupied By Renters 26.67%
Average Renter Household Size 2.46
Average Household Size 2.77
Median Household Income $66,730 ±$1,965
Median Rent $905 ±$24
Percentage Of Renters Overburdened 38.48% ± 4.14pp
Total Population 124,617

Population and Household Demographics

Boone County is a county in Kentucky with a population of 124,617. There are 44,709 households in the county with an average household size of 2.77 persons. 26.67% of households in Boone County are renters.

Income and Rent Overburden in Boone County

The median gross income for households in Boone County is $66,730 a year, or $5,561 a month. The median rent for the county is $905 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boone County, a household making less than $3,017 a month would be considered overburdened when renting an apartment at or above the median rent. 38.48% of households who rent are overburdened in Boone County.

Area Median Income In Boone 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 Boone County, HUD calculates the Area Median Income for a family of four as $85,400

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 Boone 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 Boone County

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 Boone County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,950 $20,500 $23,050 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Boone County AMI may qualify for rental assistance programs that target Very Low Income households.
$29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400
80% AMI Income Limits
Renters earning up to 80% of the Boone County AMI may qualify for rental assistance programs that target Low Income households.
$47,850 $54,650 $61,500 $68,300 $73,800 $79,250 $84,700 $90,200

Cities In Boone County

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

City Served By
Belleview The HUD funded Public Housing Agency that serves Belleview is the Boone County Assisted Housing Department.
Burlington The HUD funded Public Housing Agency that serves Burlington is the Boone County Assisted Housing Department.
Florence The HUD funded Public Housing Agency that serves Florence is the Boone County Assisted Housing Department.
Francisville The HUD funded Public Housing Agency that serves Francisville is the Boone County Assisted Housing Department.
Hebron The HUD funded Public Housing Agency that serves Hebron is the Boone County Assisted Housing Department.
Oakbrook The HUD funded Public Housing Agency that serves Oakbrook is the Boone County Assisted Housing Department.
Petersburg The HUD funded Public Housing Agency that serves Petersburg is the Boone County Assisted Housing Department.
Rabbit Hash The HUD funded Public Housing Agency that serves Rabbit Hash is the Boone County Assisted Housing Department.
Union The HUD funded Public Housing Agency that serves Union is the Boone County Assisted Housing Department.
Verona The HUD funded Public Housing Agency that serves Verona is the Boone County Assisted Housing Department.
Walton The HUD funded Public Housing Agency that serves Walton is the Boone County Assisted Housing Department.