Affordable Housing In Boyle County
10 Low Income Apartment Communities In Boyle County
Housing Authorities that serve Boyle County
|Housing Authority of Danville||Public Housing|
Guide To Affordable Housing in Boyle County, Kentucky
There are 10 low income housing apartment communities offering 626 affordable apartments for rent in Boyle County, Kentucky.
Income Based Apartments in Boyle County, Kentucky
Boyle County features 540 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 Boyle County, Kentucky
There are 86 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boyle County.
Housing Choice Vouchers in Boyle County, Kentucky
On average, Section 8 Housing Choice vouchers pay Boyle County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Boyle County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Boyle County, Kentucky for a two-bedroom apartment is between $642 and $784.
2020 Boyle 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||$507||$541||$713||$974||$1,165|
|Payment Standard Range||$456 to $558||$487 to $595||$642 to $784||$877 to $1,071||$1,049 to $1,282|
Sourced from federal housing data and AffordableHousingOnline.com research.
Boyle County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||10|
|Total Low Income Apartments||626|
|Total Housing Units with Rental Assistance||540|
|Percentage of Housing Units Occupied By Renters||34.5%|
|Average Renter Household Size||2.34|
|Average Household Size||2.42|
|Median Household Income||$39,704 ±$2,136|
|Median Rent||$637 ±$25|
|Percentage Of Renters Overburdened||45.59% ± 6.29pp|
Population and Household Demographics
Boyle County is a county in Kentucky with a population of 29,388. There are 11,045 households in the county with an average household size of 2.42 persons. 34.5% of households in Boyle County are renters.
Income and Rent Overburden in Boyle County
The median gross income for households in Boyle County is $39,704 a year, or $3,309 a month. The median rent for the county is $637 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boyle County, a household making less than $2,123 a month would be considered overburdened when renting an apartment at or above the median rent. 45.59% of households who rent are overburdened in Boyle County.
Area Median Income In Boyle 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 Boyle County, HUD calculates the Area Median Income for a family of four as $58,600
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 Boyle 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 Boyle County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,680||$34,000||$36,350||$38,700|
|50% of Median||$20,550||$23,450||$26,400||$29,300||$31,650||$34,000||$36,350||$38,700|
|80% of Median||$32,850||$37,550||$42,250||$46,900||$50,700||$54,450||$58,200||$61,950|
Cities In Boyle County
Select A City to View its Apartment Communities and Waiting Lists.
|Danville||The HUD funded Public Housing Agencies that serve Danville are the Housing Authority of Danville and Danville Community Development Agency.|
|Junction City||The HUD funded Public Housing Agency that serves Junction City is the Housing Authority of Danville.|
|Perryville||The HUD funded Public Housing Agency that serves Perryville is the Housing Authority of Danville.|