Affordable Housing In Calvert City
Marshall County, Kentucky

2 Low Income Apartment Communities In Calvert City

Cox Manor Apartments

2 Cox Manor Dr
Calvert City, KY
Elderly Supportive Housing

Hawthorne Apartments : Rental

1143 6th Ave
Calvert City, KY
HCV Welcome
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There are 2 low income housing apartment complexes which contain 32 affordable apartments for rent in Calvert City. Many of these rental apartments are income based housing with 26 apartments that set rent based on your income. In Calvert City, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 6 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Calvert City

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

Guide To Affordable Housing in Calvert City, Kentucky

Calvert City, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 32
Total Rent Assisted Apartments 26
Percentage of Housing Units Occupied By Renters 31.73%
Average Renter Household Size 2.57
Total Population 2,543
Housing Units 933
Average Household Size 2.62
Median Household Income $42,604 ±$7,318
Median Rent $607 ±$83
Percentage Of Renters Overburdened 70.95% ± 17.71pp

Population and Household Demographics

Calvert City is a City in Marshall County, Kentucky with a population of 2,543. There are 933 households in the city with an average household size of 2.62 persons. 31.73% of households in Calvert City are renters.

Income and Rent Overburden in Calvert City

The median gross income for households in Calvert City is $42,604 a year, or $3,550 a month. The median rent for the city is $607 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Calvert City, a household making less than $2,023 a month would be considered overburdened when renting an apartment at or above the median rent. 70.95% of households who rent are overburdened in Calvert City.1

Area Median Income In Calvert City

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 Calvert City, the AMI is calculated from all households within Marshall County.

In Calvert City, HUD calculates the Area Median Income for a family of four as $61,300

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 Calvert City

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 Calvert City HUD Rental Assistance in Calvert City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,900 $16,910 $21,330 $25,750 $30,170 $34,590 $38,050 $40,500
50% of Median $21,500 $24,550 $27,600 $30,650 $33,150 $35,600 $38,050 $40,500
80% of Median $34,350 $39,250 $44,150 $49,050 $53,000 $56,900 $60,850 $64,750

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 Calvert City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,500 $24,550 $27,600 $30,650 $33,150 $35,600 $38,050 $40,500
60% of Median $25,800 $29,460 $33,120 $36,780 $39,780 $42,720 $45,660 $48,600

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 Calvert City is $33,120 a year, or $2,760 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,760 by 30% to get a maximum rent of $828 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% $538 $576 $690 $798 $890 $982
60% $645 $691 $828 $957 $1,068 $1,178
Fair Market Rents in Calvert City

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$583 $598 $685 $858 $934