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Affordable Housing In Burnside
Pulaski County, Kentucky

Housing Authorities that serve Burnside

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

Guide To Affordable Housing in Burnside, Kentucky

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Burnside, Kentucky.

Income Based Apartments in Burnside, Kentucky

Burnside features 0 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 Burnside, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Burnside.

Housing Choice Vouchers in Burnside, Kentucky

On average, Section 8 Housing Choice vouchers pay Burnside landlords $500 per month towards rent. The average voucher holder contributes $0 towards rent in Burnside.

The maximum amount a voucher would pay on behalf of a low-income tenant in Burnside, Kentucky for a two-bedroom apartment is between $627 and $767.

2021 Burnside, 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
Burnside, Kentucky Fair Market Rent $460 $529 $697 $908 $945
Burnside, Kentucky Payment Standard Range $414 to $506 $476 to $582 $627 to $767 $817 to $999 $851 to $1,040

Sourced from federal housing data and research.

Burnside, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 26.24%
Average Renter Household Size 2.48
Average Household Size 2.45
Median Household Income $31,196 ±$11,413
Median Rent $665 ±$87
Percentage Of Renters Overburdened 38.95% ± 20.09pp
Total Population 888

Population and Household Demographics

Burnside is a city in Pulaski County, Kentucky with a population of 888. There are 362 households in the city with an average household size of 2.45 persons. 26.24% of households in Burnside are renters.

Income and Rent Overburden in Burnside

The median gross income for households in Burnside is $31,196 a year, or $2,600 a month. The median rent for the city is $665 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Burnside, a household making less than $2,217 a month would be considered overburdened when renting an apartment at or above the median rent. 38.95% of households who rent are overburdened in Burnside.

Area Median Income In Burnside

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Burnside, the AMI is calculated from all households within Pulaski County.

In Burnside, HUD calculates the Area Median Income for a family of four as $52,800

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 Burnside

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 Burnside

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 Burnside AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,350 $31,500 $33,700 $35,850
50% AMI Income Limits
Renters earning up to 50% of the Burnside AMI may qualify for rental assistance programs that target Very Low Income households.
$19,050 $21,750 $24,450 $27,150 $29,350 $31,500 $33,700 $35,850
80% AMI Income Limits
Renters earning up to 80% of the Burnside AMI may qualify for rental assistance programs that target Low Income households.
$30,450 $34,800 $39,150 $43,450 $46,950 $50,450 $53,900 $57,400