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Affordable Housing In Caneyville
Grayson County, Kentucky

2 Low Income Apartment Communities In Caneyville

Valleyview Apartments

508 Morgantown St
Caneyville, Kentucky
Subsidized

Caney Creek Apartments

509 Morgantown St
Caneyville, Kentucky
Subsidized
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Housing Authorities that serve Caneyville

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

Guide To Affordable Housing in Caneyville, Kentucky

There are 2 low income housing apartment communities offering 40 affordable apartments for rent in Caneyville, Kentucky.

Income Based Apartments in Caneyville, Kentucky

Caneyville features 40 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 Caneyville, Kentucky

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

Housing Choice Vouchers in Caneyville, Kentucky

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

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

2020 Caneyville, 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 $526 $531 $631 $873 $984
Payment Standard Range $473 to $579 $478 to $584 $568 to $694 $786 to $960 $886 to $1,082

Sourced from federal housing data and AffordableHousingOnline.com research.

Caneyville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 36.6%
Average Renter Household Size 1.74
Average Household Size 2.76
Median Household Income $27,946 ±$5,998
Median Rent $332 ±$107
Percentage Of Renters Overburdened 61.63% ± 25.82pp
Total Population 649

Population and Household Demographics

Caneyville is a city in Grayson County, Kentucky with a population of 649. There are 235 households in the city with an average household size of 2.76 persons. 36.6% of households in Caneyville are renters.

Income and Rent Overburden in Caneyville

The median gross income for households in Caneyville is $27,946 a year, or $2,329 a month. The median rent for the city is $332 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Caneyville, a household making less than $1,107 a month would be considered overburdened when renting an apartment at or above the median rent. 61.63% of households who rent are overburdened in Caneyville.

Area Median Income In Caneyville

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 Caneyville, the AMI is calculated from all households within Grayson County.

In Caneyville, HUD calculates the Area Median Income for a family of four as $46,500

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 Caneyville

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 Caneyville

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 $28,850 $31,000 $33,150 $35,250
50% of Median $18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
80% of Median $29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400