Floyd County, Kentucky Affordable Housing

Affordable Housing programs support 598 income based apartments in Floyd County where households pay rent based on how much they earn.

There are 32 affordable apartments in Floyd County that offer reduced rents to low-income households.

Waiting Lists in Floyd County, Kentucky

There is one Section 8 Housing Choice Voucher waiting list open in Floyd County.

  • is currently open for new Section 8 applications.

Go to the Kentucky Section 8 Waiting Lists page for more openings near Floyd County.

Cliffside Apartments

30 Cliffside Cir
Prestonsburg, Kentucky
Rent Assisted

Highland Heights

1 Goble Roberts Add
Prestonsburg, Kentucky
Rent Assisted

Highland Terrace

34 Mays Br
Prestonsburg, Kentucky
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Park Place Apartments

5528 KY Route 114
Prestonsburg, Kentucky
Affordable

Dixie

102 Mays Br
Prestonsburg, Kentucky

Grigsby Heights

120 Raymond Griffith Dr
Martin, Kentucky

Grigsby Heights II

184 Raymond Griffith Dr
Martin, Kentucky

Branham Heights Apt

67 Branham Street
Wheelwright, Kentucky

Regency Park Apts

57 Regency Park
Prestonsburg, Kentucky
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Affordable Housing In Floyd County

View affordable apartments and waiting lists in cities near Floyd County

City Apartments
Prestonsburg, KY Affordable Housing programs support 6 apartment communities in Prestonsburg.
Martin, KY Affordable Housing programs support 2 apartment communities in Martin.
Wheelwright, KY Affordable Housing programs support 1 apartment communities in Wheelwright.

Public Housing Agencies Serving Floyd County, 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.

Housing Authority Programs
Housing Authority of Floyd County Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Floyd County.

Floyd County, Kentucky Affordable Housing Data

Income Based Apartments in Floyd County, Kentucky

Floyd County features 598 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 Floyd County, Kentucky

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Floyd County.

Housing Choice Vouchers in Floyd County, Kentucky

On average, Section 8 Housing Choice vouchers pay Floyd County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Floyd County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Floyd County, Kentucky for a two-bedroom apartment is between $684 and $836.

2023 Floyd 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
Floyd County, Kentucky Fair Market Rent $551 $577 $760 $925 $1,026
Floyd County, Kentucky Payment Standard Range $496 to $606 $519 to $635 $684 to $836 $833 to $1,018 $923 to $1,129

Sourced from federal housing data and AffordableHousingOnline.com research.

Floyd County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 630
Total Housing Units with Rental Assistance 598
Percentage of Housing Units Occupied By Renters 30.25%
Average Renter Household Size 2.38
Average Household Size 2.45
Median Household Income $30,096 ±$2,551
Median Rent $543 ±$27
Percentage Of Renters Overburdened 39.22% ± 6.06pp
Total Population 38,649

Population and Household Demographics

Floyd County is a county in Kentucky with a population of 38,649. There are 15,418 households in the county with an average household size of 2.45 persons. 30.25% of households in Floyd County are renters.

Income and Rent Overburden in Floyd County

The median gross income for households in Floyd County is $30,096 a year, or $2,508 a month. The median rent for the county is $543 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Floyd County, a household making less than $1,810 a month would be considered overburdened when renting an apartment at or above the median rent. 39.22% of households who rent are overburdened in Floyd County.

Area Median Income In Floyd 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 Floyd County, HUD calculates the Area Median Income for a family of four as $46,700

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 Floyd 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 Floyd County

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 Floyd County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,250 $37,650 $40,100
50% AMI Income Limits
Renters earning up to 50% of the Floyd County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
80% AMI Income Limits
Renters earning up to 80% of the Floyd County AMI may qualify for rental assistance programs that target Low Income households.
$34,000 $38,850 $43,700 $48,550 $52,450 $56,350 $60,250 $64,100