What HUD offices serve Bullitt 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.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Bullitt County.
How many renters live in Bullitt County, Kentucky?
The County of Bullitt County has people living in households.
There are renters living in renter households in this County. Renters make up 14.44 percent of the population living in Bullitt County.
What is the rental market like in Bullitt County, Kentucky?
There are an estimated housing units in the Bullitt County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bullitt County, Kentucky, there are 1.15 rental units.
What is the vacancy rate for rentals in Bullitt County?
The rental vacancy rate in Bullitt County is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Bullitt County for each bedroom size?
Occupied Rental Units by Size in Bullitt County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 267 792 2,193 1,633 456 Occupied Rental Units by Size in Bullitt County
A large number of apartments in Bullitt County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Bullitt County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $976 One BR $1,077 Two BR $1,301 Three BR $1,701 Four BR $1,955 2024 Fair Market Rents in Bullitt County, Kentucky
How many units are rented at Fair Market Rent (FMR) in Bullitt County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 237 89 percent One BR 716 90 percent Two BR 1,683 77 percent Rental Units Below FMR in Bullitt County, Kentucky
How many affordable rental units are in Bullitt County?
There are a variety of federal affordable housing programs serving households in
Bullitt County, Kentucky including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 8 Project-Based Rental Assistance USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Bullitt County, Kentucky
Income Based Apartments in Bullitt County, Kentucky
Bullitt County features 164 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 Bullitt County, Kentucky
There are 526 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bullitt County.
Housing Choice Vouchers in Bullitt County, Kentucky
On average, Section 8 Housing Choice vouchers pay Bullitt County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Bullitt County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bullitt County, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.
Sourced from federal housing data and AffordableHousingOnline.com research.