Affordable Housing In Calloway County

9 Low Income Apartment Communities In Calloway County

Essex Downs Apartments

1511 Duiguid Dr
Murray, KY
Call For Rent
1-2 BR

Calloway Gardens Apartments

1505 Duiguid Dr
Murray, KY
Call For Rent
1-2 BR

Wesley at Murray

440 Utterback Rd
Murray, KY
Elderly Supportive Housing

University Heights Apartments

1734 Campbell St
Murray, KY
HCV Welcome

Tanglewood Apartments

1750 Lowes Dr
Murray, KY
HCV Welcome

Hazel Apartments

101 Center St
Hazel, KY

Hurt Drive

623 Broad St
Murray, KY

Forest View Apartments

1213 N 16th St
Murray, KY

Purchase Community Housing Dev. Corp.

1408 Diuguid Dr
Murray, KY
HCV Welcome
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Housing Authorities that serve Calloway County

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

Other Housing Authorities located in Calloway County

Housing Authority Programs
Housing Authority of Murray Public Housing

Guide To Affordable Housing in Calloway County, Kentucky

There are 9 low income housing apartment communities offering 425 affordable apartments for rent in Calloway County, Kentucky. Calloway County features 317 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 108 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Calloway County.

Sourced from federal housing data and research.

Calloway County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 425
Total Housing Units with Rental Assistance 317
Percentage of Housing Units Occupied By Renters 36.94%
Average Renter Household Size 2.09
Average Household Size 2.35
Median Household Income $37,034 ±$2,435
Median Rent $580 ±$29
Percentage Of Renters Overburdened 52.84% ± 5.6pp
Total Population 38,106

Population and Household Demographics

Calloway County is a County in Kentucky with a population of 38,106. There are 14,834 households in the county with an average household size of 2.35 persons. 36.94% of households in Calloway County are renters.

Income and Rent Overburden in Calloway County

The median gross income for households in Calloway County is $37,034 a year, or $3,086 a month. The median rent for the county is $580 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Calloway County, a household making less than $1,933 a month would be considered overburdened when renting an apartment at or above the median rent. 52.84% of households who rent are overburdened in Calloway County.1

Area Median Income In Calloway 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 Calloway County, HUD calculates the Area Median Income for a family of four as $56,900

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 Calloway 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 Calloway County HUD Rental Assistance in Calloway County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,050 $35,300 $37,600
50% of Median $19,950 $22,800 $25,650 $28,450 $30,750 $33,050 $35,300 $37,600
80% of Median $31,850 $36,400 $40,950 $45,500 $49,150 $52,800 $56,450 $60,100
Low Income Housing Tax Credits in Calloway County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2005, 3 low income apartment communities containing 76 rental apartments have been constructed and made affordable to low income persons in Calloway County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Calloway County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,950 $22,800 $25,650 $28,450 $30,750 $33,050 $35,300 $37,600
60% of Median $23,940 $27,360 $30,780 $34,140 $36,900 $39,660 $42,360 $45,120

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Calloway County is $30,780 a year, or $2,565 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,565 by 30% to get a maximum rent of $770 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $499 $534 $641 $740 $826 $911
60% $599 $641 $770 $888 $992 $1,094
Fair Market Rents in Calloway County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$488 $569 $749 $1,011 $1,015

Cities In Calloway County

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

City Listings Served By
Murray 8 The HUD funded Public Housing Agencies that serve Murray are the Housing Authority of Murray and Kentucky Housing Corporation.
Hazel 1 The HUD funded Public Housing Agency that serves Hazel is the Kentucky Housing Corporation.
Dexter 0 The HUD funded Public Housing Agency that serves Dexter is the Kentucky Housing Corporation.