Affordable Housing In Casey County
Kentucky

1 Low Income Apartment Communities In Casey County

Liberty Manor Apartments

120 Liberty Manor Ln
Liberty, KY
Subsidized
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Other Housing Authorities located in Casey County

Housing Authority Programs
Housing Authority of Liberty Public Housing

Guide To Affordable Housing in Casey County, Kentucky

There are 1 low income housing apartment communities offering 50 affordable apartments for rent in Casey County, Kentucky. Casey County features 50 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Casey County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Casey County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 50
Total Housing Units with Rental Assistance 50
Percentage of Housing Units Occupied By Renters 20.3%
Average Renter Household Size 2.33
Average Household Size 2.44
Median Household Income $32,341 ±$2,241
Median Rent $479 ±$24
Percentage Of Renters Overburdened 26.7% ± 7.45pp
Total Population 15,954

Population and Household Demographics

Casey County is a County in Kentucky with a population of 15,954. There are 6,384 households in the county with an average household size of 2.44 persons. 20.3% of households in Casey County are renters.

Income and Rent Overburden in Casey County

The median gross income for households in Casey County is $32,341 a year, or $2,695 a month. The median rent for the county is $479 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Casey County, a household making less than $1,597 a month would be considered overburdened when renting an apartment at or above the median rent. 26.7% of households who rent are overburdened in Casey County.1

Area Median Income In Casey 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 Casey County, HUD calculates the Area Median Income for a family of four as $45,400

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 Casey 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 Casey County HUD Rental Assistance in Casey 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 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100

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 Casey County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

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 Casey County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 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% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
Fair Market Rents in Casey 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
$448 $554 $631 $813 $860

Cities In Casey County

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

City Listings Served By
Liberty 1 The HUD funded Public Housing Agency that serves Liberty is the Housing Authority of Liberty.