What HUD offices serve Crescent Springs, Kentucky?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Crescent Springs.
How many renters live in Crescent Springs, Kentucky?
The City of Crescent Springs has 4,350 people living in 1,887 households.
There are 2,153 renters living in 935 renter households in this City. Renters make up 49.49 percent of the population living in Crescent Springs.
What is the rental market like in Crescent Springs, Kentucky?
There are an estimated 1,916 housing units in the Crescent Springs area. Of these, 935 units are rental homes, making up 49 percent of the housing market. For every renter household in Crescent Springs, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Crescent Springs?
The rental vacancy rate in Crescent Springs is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Crescent Springs for each bedroom size?
Occupied Rental Units by Size in Crescent Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 342 | 459 | 119 | 15 |
Occupied Rental Units by Size in Crescent Springs
A large number of apartments in Crescent Springs have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Crescent Springs are overburdened by housing costs?
Among renter households in this market, 24 percent have housing cost burden. Further, 7 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Crescent Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $810 |
| One BR | $919 |
| Two BR | $1,195 |
| Three BR | $1,588 |
| Four BR | $1,766 |
2024 Fair Market Rents in Crescent Springs, Kentucky
How many units are rented at Fair Market Rent (FMR) in Crescent Springs?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 283 | 83 percent |
| Two BR | 430 | 94 percent |
Rental Units Below FMR in Crescent Springs, Kentucky
How many affordable rental units are in Crescent Springs?
Income Based Apartments in Crescent Springs, Kentucky
Crescent Springs features 0 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 Crescent Springs, Kentucky
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Crescent Springs.
Housing Choice Vouchers in Crescent Springs, Kentucky
On average, Section 8 Housing Choice vouchers pay Crescent Springs landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Crescent Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Crescent Springs, Kentucky for a two-bedroom apartment is between $1,076 and $1,315.
Sourced from federal housing data and AffordableHousingOnline.com research.
