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Affordable Housing In Caldwell County

8 Low Income Apartment Communities In Caldwell County

Princeton Manor

655 Grace Ct
Princeton, Kentucky
Call For Rent
1-3 BR

Legion Manor Apartments

518 Cadiz St
Princeton, Kentucky
Accepts Vouchers

Rosedale Court Apartments

45 Rosedale Ct
Dawson Springs, Kentucky

Karp - Caldwell County

McGoodwin St
Princeton, Kentucky
Accepts Vouchers

Franklin Place Senior Apartments

N Franklin ST
Princeton, Kentucky
Accepts Vouchers

Arcadia, Dixon, and Belmont Apartments

115 E Ramsey St
Dawson Springs, Kentucky

Hillview Court

101 Hillview Ct
Princeton, Kentucky

Princeton Greens Apartments

420 Cooper Circle
Princeton, Kentucky
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Housing Authorities that serve Caldwell County

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

Guide To Affordable Housing in Caldwell County, Kentucky

There are 8 low income housing apartment communities offering 414 affordable apartments for rent in Caldwell County, Kentucky.

Income Based Apartments in Caldwell County, Kentucky

Caldwell County features 360 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 Caldwell County, Kentucky

There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caldwell County.

Housing Choice Vouchers in Caldwell County, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Caldwell County, Kentucky for a two-bedroom apartment is between $568 and $694.

2020 Caldwell 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 $448 $542 $631 $786 $856
Payment Standard Range $403 to $493 $488 to $596 $568 to $694 $707 to $865 $770 to $942

Sourced from federal housing data and research.

Caldwell County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 414
Total Housing Units with Rental Assistance 360
Percentage of Housing Units Occupied By Renters 28.83%
Average Renter Household Size 2.51
Average Household Size 2.39
Median Household Income $42,537 ±$6,024
Median Rent $534 ±$25
Percentage Of Renters Overburdened 34.01% ± 9.99pp
Total Population 12,826

Population and Household Demographics

Caldwell County is a county in Kentucky with a population of 12,826. There are 5,293 households in the county with an average household size of 2.39 persons. 28.83% of households in Caldwell County are renters.

Income and Rent Overburden in Caldwell County

The median gross income for households in Caldwell County is $42,537 a year, or $3,545 a month. The median rent for the county is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Caldwell County, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 34.01% of households who rent are overburdened in Caldwell County.

Area Median Income In Caldwell 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 Caldwell County, HUD calculates the Area Median Income for a family of four as $58,200

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 Caldwell 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 Caldwell 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 $33,800 $36,100 $38,450
50% of Median $20,400 $23,300 $26,200 $29,100 $31,450 $33,800 $36,100 $38,450
80% of Median $32,600 $37,250 $41,900 $46,550 $50,300 $54,000 $57,750 $61,450

Cities In Caldwell County

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

City Served By
Dawson Springs The HUD funded Public Housing Agencies that serve Dawson Springs are the Housing Authority of Dawson Springs and Kentucky Housing Corporation.
Fredonia The HUD funded Public Housing Agency that serves Fredonia is the Kentucky Housing Corporation.
Princeton The HUD funded Public Housing Agencies that serve Princeton are the Housing Authority of Princeton and Kentucky Housing Corporation.