Affordable Housing In Bourbon County

14 Low Income Apartment Communities In Bourbon County

Millersburg Place Apartments

804 Main Street
Millersburg, KY
Call For Rent
2 BR
Accepts Vouchers

Thoroughbred Acres

1904 Lovers Ln
Paris, KY

Williamsburg Terrace Apartments

101 Williamsburg Ter
Paris, KY

Progressive Homes Apartments

428 Hanson St
Paris, KY

Rucker Village Apartments

201 Kelly Street
Paris, KY

Bourbon Trace Apartments, Phase I

1940 Cypress Street
Paris, KY

Bourbon Trace Apartments, Phase II

1940 Cypress Street
Paris, KY

Stoner Creek Village Apartments

3299 N Middletown Rd
Paris, KY

Kellie Lane

700 Sharon Ln
Paris, KY
Accepts Vouchers

Paris Pointe

100 Lilly Ln
Paris, KY
Accepts Vouchers

Housing Authorities that serve Bourbon County

Housing Authority Programs
Paris-Bourbon County Community Dev. Agency Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Bourbon County

Housing Authority Programs
Housing Authority of Paris Public Housing

Guide To Affordable Housing in Bourbon County, Kentucky

There are 14 low income housing apartment communities offering 509 affordable apartments for rent in Bourbon County, Kentucky.

Income Based Apartments in Bourbon County, Kentucky

Bourbon County features 361 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 Bourbon County, Kentucky

There are 148 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bourbon County.

Housing Choice Vouchers in Bourbon County, Kentucky

On average, Section 8 Housing Choice vouchers pay Bourbon County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Bourbon County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bourbon County, Kentucky for a two-bedroom apartment is between $772 and $944.

2020 Bourbon 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 $597 $678 $858 $1,189 $1,496
Payment Standard Range $537 to $657 $610 to $746 $772 to $944 $1,070 to $1,308 $1,346 to $1,646

Sourced from federal housing data and research.

Bourbon County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 509
Total Housing Units with Rental Assistance 361
Percentage of Housing Units Occupied By Renters 38.15%
Average Renter Household Size 2.55
Average Household Size 2.51
Median Household Income $45,208 ±$2,863
Median Rent $690 ±$33
Percentage Of Renters Overburdened 40.02% ± 6.72pp
Total Population 20,013

Population and Household Demographics

Bourbon County is a County in Kentucky with a population of 20,013. There are 7,867 households in the county with an average household size of 2.51 persons. 38.15% of households in Bourbon County are renters.

Income and Rent Overburden in Bourbon County

The median gross income for households in Bourbon County is $45,208 a year, or $3,767 a month. The median rent for the county is $690 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bourbon County, a household making less than $2,300 a month would be considered overburdened when renting an apartment at or above the median rent. 40.02% of households who rent are overburdened in Bourbon County.1

Area Median Income In Bourbon 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 Bourbon County, HUD calculates the Area Median Income for a family of four as $74,500

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 Bourbon 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 Bourbon County HUD Rental Assistance in Bourbon County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% of Median $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700

Cities In Bourbon County

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

City Listings Served By
Paris 13 The HUD funded Public Housing Agencies that serve Paris are the Housing Authority of Paris and Paris-Bourbon County Community Dev. Agency.
Millersburg 1 The HUD funded Public Housing Agency that serves Millersburg is the Paris-Bourbon County Community Dev. Agency.
North Middletown 0