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Affordable Housing In Fayette County

Waiting List Openings In Fayette County

Waiting ListStatus
Lexington-Fayette Urban County Housing Authority Public Housing Open Now

82 Low Income Apartment Communities In Fayette County

KCADV Homes Lexington Apartments

2517 Mackenzie Ln
Lexington, Kentucky

Westminster Village

1510 Versailles Rd
Lexington, Kentucky

Mt Tabor Townhouses

633 Mount Tabor Rd
Lexington, Kentucky

Liberty Commons

2101 Cornerstone Dr
Lexington, Kentucky
Elderly Supportive Housing

Castlewood Prader - Willi Group Home

531 E Loudon Ave
Lexington, Kentucky
Elderly Supportive Housing

Salem Village

1109 Winburn Dr
Lexington, Kentucky

Prall Place Apartments

147 Prall St
Lexington, Kentucky

Sayre Christian Village

3816 Camelot Dr
Lexington, Kentucky
Elderly Supportive Housing

Walnut Hill

3716 Trent Cir
Lexington, Kentucky

Briarwood Apartments of Lex

1349 Centre Pkwy
Lexington, Kentucky

Housing Authorities that serve Fayette County

Housing Authority Programs
Lexington-Fayette Urban County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Moving to Work

Guide To Affordable Housing in Fayette County, Kentucky

There are 82 low income housing apartment communities offering 5,555 affordable apartments for rent in Fayette County, Kentucky.

Income Based Apartments in Fayette County, Kentucky

Fayette County features 3,625 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 Fayette County, Kentucky

There are 1,876 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayette County.

Housing Choice Vouchers in Fayette County, Kentucky

On average, Section 8 Housing Choice vouchers pay Fayette County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Fayette County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fayette County, Kentucky for a two-bedroom apartment is between $772 and $944.

2020 Fayette 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
Fair Market Rent $597 $678 $858 $1,189 $1,496
Payment Standard Range $537 to $657 $610 to $746 $772 to $944 $1,070 to $1,308 $1,346 to $1,646

Sourced from federal housing data and research.

Fayette County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 82
Total Low Income Apartments 5,555
Total Housing Units with Rental Assistance 3,625
Percentage of Housing Units Occupied By Renters 45.77%
Average Renter Household Size 2.22
Average Household Size 2.35
Median Household Income $49,778 ±$810
Median Rent $778 ±$11
Percentage Of Renters Overburdened 47.06% ± 1.58pp
Total Population 308,306

Population and Household Demographics

Fayette County is a county in Kentucky with a population of 308,306. There are 125,752 households in the county with an average household size of 2.35 persons. 45.77% of households in Fayette County are renters.

Income and Rent Overburden in Fayette County

The median gross income for households in Fayette County is $49,778 a year, or $4,148 a month. The median rent for the county is $778 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fayette County, a household making less than $2,593 a month would be considered overburdened when renting an apartment at or above the median rent. 47.06% of households who rent are overburdened in Fayette County.

Area Median Income In Fayette 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 Fayette County, HUD calculates the Area Median Income for a family of four as $79,400

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 Fayette 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 Fayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,700 $19,050 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,800 $31,800 $35,750 $39,700 $42,900 $46,100 $49,250 $52,450
80% of Median $44,450 $50,800 $57,150 $63,500 $68,600 $73,700 $78,750 $83,850

Cities In Fayette County

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

City Served By
Lexington The HUD funded Public Housing Agency that serves Lexington is the Lexington-Fayette Urban County Housing Authority.