Affordable Housing In Cadiz
Trigg County, Kentucky

4 Low Income Apartment Communities In Cadiz

Barkley Manor Apartments

134 Westend St
Cadiz, Kentucky
Subsidized

Site a and B

50 Martindale St
Cadiz, Kentucky

Eastgate II Apts

455 Lafayette Street
Cadiz, Kentucky

East Gate Apts

455 Lafayette Street
Cadiz, Kentucky
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Section 8 Vouchers, Apartments, and Waiting Lists in Cadiz, 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 Cadiz, Kentucky

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

Guide To Affordable Housing in Cadiz, Kentucky

There are 4 low income housing apartment communities offering 178 affordable apartments for rent in Cadiz, Kentucky.

Income Based Apartments in Cadiz, Kentucky

Cadiz features 178 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 Cadiz, Kentucky

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

Housing Choice Vouchers in Cadiz, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cadiz, Kentucky for a two-bedroom apartment is between $819 and $1,001.

2022 Cadiz, 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
Cadiz, Kentucky Fair Market Rent $634 $707 $910 $1,293 $1,558
Cadiz, Kentucky Payment Standard Range $571 to $697 $636 to $778 $819 to $1,001 $1,164 to $1,422 $1,402 to $1,714

Sourced from federal housing data and AffordableHousingOnline.com research.

Cadiz, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 178
Total Housing Units with Rental Assistance 178
Percentage of Housing Units Occupied By Renters 44.29%
Average Renter Household Size 2.03
Average Household Size 2.13
Median Household Income $29,565 ±$7,768
Median Rent $543 ±$40
Percentage Of Renters Overburdened 44.75% ± 14.59pp
Total Population 2,618

Population and Household Demographics

Cadiz is a city in Trigg County, Kentucky with a population of 2,618. There are 1,226 households in the city with an average household size of 2.13 persons. 44.29% of households in Cadiz are renters.

Income and Rent Overburden in Cadiz

The median gross income for households in Cadiz is $29,565 a year, or $2,464 a month. The median rent for the city is $543 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cadiz, a household making less than $1,810 a month would be considered overburdened when renting an apartment at or above the median rent. 44.75% of households who rent are overburdened in Cadiz.

Area Median Income In Cadiz

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 Cadiz, the AMI is calculated from all households within Trigg County.

In Cadiz, HUD calculates the Area Median Income for a family of four as $63,400

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 Cadiz

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 Cadiz

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 Cadiz AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,300 $17,420 $21,960 $26,500 $31,040 $35,580 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Cadiz AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Cadiz AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950