Affordable Housing In Farmington
Graves County, Kentucky

Affordable Housing programs support 0 income based apartments in Farmington where households pay rent based on how much they earn.

There are 0 affordable apartments in Farmington that offer reduced rents to low-income households.

Waiting Lists in Farmington, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Farmington. Go to the Kentucky Section 8 Waiting Lists page for openings near Farmington.

Affordable Housing Near Farmington

View affordable apartments and waiting lists in cities near Farmington

City Apartments
Affordable Housing In Fancy Farm, KY Affordable Housing programs support 4 apartment communities in Fancy Farm.
Affordable Housing In Mayfield, KY Affordable Housing programs support 10 apartment communities in Mayfield.
Affordable Housing In Symsonia, KY Affordable Housing programs support 1 apartment communities in Symsonia.
Affordable Housing In Wingo, KY Affordable Housing programs support 3 apartment communities in Wingo.

Farmington, Kentucky Affordable Housing Data

Income Based Apartments in Farmington, Kentucky

Farmington 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 Farmington, Kentucky

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

Housing Choice Vouchers in Farmington, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Farmington, Kentucky for a two-bedroom apartment is between $668 and $816.

2023 Farmington, 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
Farmington, Kentucky Fair Market Rent $538 $564 $742 $1,043 $1,130
Farmington, Kentucky Payment Standard Range $484 to $592 $508 to $620 $668 to $816 $939 to $1,147 $1,017 to $1,243

Sourced from federal housing data and AffordableHousingOnline.com research.

Farmington, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 66.15%
Average Renter Household Size 1.30
Average Household Size 1.63
Median Household Income $0 ±$0
Median Rent $823 ±$268
Percentage Of Renters Overburdened 86.05% ± 71.01pp
Total Population 106

Population and Household Demographics

Farmington is a city in Graves County, Kentucky with a population of 106. There are 65 households in the city with an average household size of 1.63 persons. 66.15% of households in Farmington are renters.

Income and Rent Overburden in Farmington

The median gross income for households in Farmington is $0 a year, or $0 a month. The median rent for the city is $823 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Farmington, a household making less than $2,743 a month would be considered overburdened when renting an apartment at or above the median rent. 86.05% of households who rent are overburdened in Farmington.

Area Median Income In Farmington

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 Farmington, the AMI is calculated from all households within Graves County.

In Farmington, HUD calculates the Area Median Income for a family of four as $67,100

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 Farmington

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 Farmington

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 Farmington AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,900 $18,310 $23,030 $27,750 $32,470 $37,190 $40,950 $43,600
50% AMI Income Limits
Renters earning up to 50% of the Farmington AMI may qualify for rental assistance programs that target Very Low Income households.
$23,100 $26,400 $29,700 $33,000 $35,650 $38,300 $40,950 $43,600
80% AMI Income Limits
Renters earning up to 80% of the Farmington AMI may qualify for rental assistance programs that target Low Income households.
$36,950 $42,200 $47,500 $52,750 $57,000 $61,200 $65,450 $69,650