What HUD offices serve Fleming Neon, 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 Fleming Neon.
How many renters live in Fleming Neon, Kentucky?
The City of Fleming Neon has 862 people living in 305 households.
There are 110 renters living in 33 renter households in this City. Renters make up 12.76 percent of the population living in Fleming Neon.
What is the rental market like in Fleming Neon, Kentucky?
There are an estimated 388 housing units in the Fleming Neon area. Of these, 39 units are rental homes, making up 10 percent of the housing market. For every renter household in Fleming Neon, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Fleming Neon?
The rental vacancy rate in Fleming Neon is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Fleming Neon for each bedroom size?
Occupied Rental Units by Size in Fleming Neon
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 21 | 9 | 3 |
Occupied Rental Units by Size in Fleming Neon
A large number of apartments in Fleming Neon 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 Fleming Neon are overburdened by housing costs?
Among renter households in this market, 73 percent have housing cost burden. Further, 45 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 Fleming Neon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,318. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $616 |
| One BR | $733 |
| Two BR | $850 |
| Three BR | $1,198 |
| Four BR | $1,318 |
2024 Fair Market Rents in Fleming Neon, Kentucky
How many units are rented at Fair Market Rent (FMR) in Fleming Neon?
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 |
| Two BR | 14 | 67 percent |
Rental Units Below FMR in Fleming Neon, Kentucky
How many affordable rental units are in Fleming Neon?
There are a variety of federal affordable housing programs serving households in Fleming Neon, Kentucky including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Fleming Neon, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fleming Neon, Kentucky
Fleming Neon features 36 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 Fleming Neon, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fleming Neon.
Housing Choice Vouchers in Fleming Neon, Kentucky
On average, Section 8 Housing Choice vouchers pay Fleming Neon landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fleming Neon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fleming Neon, Kentucky for a two-bedroom apartment is between $765 and $935.
Sourced from federal housing data and AffordableHousingOnline.com research.
