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Affordable Housing In Carter County
Kentucky

9 Low Income Apartment Communities In Carter County

Sawgrass Greene

100 Sawgrass Ln
Grayson, Kentucky
$400-583
1-4 BR

Poplar Plains Apartments

420 McDavid Blvd
Grayson, Kentucky
Call For Rent
2-3 BR
Subsidized

Cold Springs Townhomes

131 S. Cold Springs Road
Olive Hill, Kentucky

Hydreco Apartments

501 Tygart St
Olive Hill, Kentucky
Subsidized

Friendship House - Grayson

174 Everman St
Grayson, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Chapel House - Grayson

200 Everman St
Grayson, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Townhomes of Grayson

512 Robert and Mary St
Grayson, Kentucky

River Run Apts.

303 Little Sandy Run
Grayson, Kentucky

Logan Trace Apts.

305 Mcdavid Blvd
Grayson, Kentucky
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Housing Authorities that serve Carter County

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

Guide To Affordable Housing in Carter County, Kentucky

There are 9 low income housing apartment communities offering 331 affordable apartments for rent in Carter County, Kentucky.

Income Based Apartments in Carter County, Kentucky

Carter County features 245 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 Carter County, Kentucky

There are 86 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carter County.

Housing Choice Vouchers in Carter County, Kentucky

On average, Section 8 Housing Choice vouchers pay Carter County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Carter County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carter County, Kentucky for a two-bedroom apartment is between $597 and $729.

2021 Carter 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
Carter County, Kentucky Fair Market Rent $475 $503 $663 $825 $939
Carter County, Kentucky Payment Standard Range $428 to $523 $453 to $553 $597 to $729 $743 to $908 $845 to $1,033

Sourced from federal housing data and AffordableHousingOnline.com research.

Carter County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 331
Total Housing Units with Rental Assistance 245
Percentage of Housing Units Occupied By Renters 21.98%
Average Renter Household Size 2.36
Average Household Size 2.54
Median Household Income $36,696 ±$2,216
Median Rent $559 ±$30
Percentage Of Renters Overburdened 36.7% ± 6.49pp
Total Population 27,326

Population and Household Demographics

Carter County is a county in Kentucky with a population of 27,326. There are 10,487 households in the county with an average household size of 2.54 persons. 21.98% of households in Carter County are renters.

Income and Rent Overburden in Carter County

The median gross income for households in Carter County is $36,696 a year, or $3,058 a month. The median rent for the county is $559 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carter County, a household making less than $1,863 a month would be considered overburdened when renting an apartment at or above the median rent. 36.7% of households who rent are overburdened in Carter County.

Area Median Income In Carter 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 Carter County, HUD calculates the Area Median Income for a family of four as $44,200

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 Carter 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 Carter County

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 Carter County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,350 $31,500 $33,700 $35,850
50% AMI Income Limits
Renters earning up to 50% of the Carter County AMI may qualify for rental assistance programs that target Very Low Income households.
$19,050 $21,750 $24,450 $27,150 $29,350 $31,500 $33,700 $35,850
80% AMI Income Limits
Renters earning up to 80% of the Carter County AMI may qualify for rental assistance programs that target Low Income households.
$30,450 $34,800 $39,150 $43,450 $46,950 $50,450 $53,900 $57,400

Cities In Carter County

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

City Served By
Grayson The HUD funded Public Housing Agency that serves Grayson is the Kentucky Housing Corporation.
Olive Hill The HUD funded Public Housing Agencies that serve Olive Hill are the Housing Authority of Olive Hill and Kentucky Housing Corporation.