Affordable Housing In Fountain Run
Monroe County, Kentucky

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

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

Waiting Lists in Fountain Run, Kentucky

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

Affordable Housing Near Fountain Run

View affordable apartments and waiting lists in cities near Fountain Run

City Apartments
Affordable Housing In Gamaliel, KY Affordable Housing programs support 1 apartment communities in Gamaliel.
Affordable Housing In Tompkinsville, KY Affordable Housing programs support 7 apartment communities in Tompkinsville.

Public Housing Agencies Serving Fountain Run, 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
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Fountain Run.

Fountain Run, Kentucky Affordable Housing Data

Income Based Apartments in Fountain Run, Kentucky

Fountain Run 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 Fountain Run, Kentucky

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

Housing Choice Vouchers in Fountain Run, Kentucky

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

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

2023 Fountain Run, 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
Fountain Run, Kentucky Fair Market Rent $538 $564 $742 $993 $997
Fountain Run, Kentucky Payment Standard Range $484 to $592 $508 to $620 $668 to $816 $894 to $1,092 $897 to $1,097

Sourced from federal housing data and AffordableHousingOnline.com research.

Fountain Run, 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 26.17%
Average Renter Household Size 2.57
Average Household Size 2.16
Median Household Income $29,375 ±$9,995
Median Rent $386 ±$120
Percentage Of Renters Overburdened 39.29% ± 63.22pp
Total Population 231

Population and Household Demographics

Fountain Run is a city in Monroe County, Kentucky with a population of 231. There are 107 households in the city with an average household size of 2.16 persons. 26.17% of households in Fountain Run are renters.

Income and Rent Overburden in Fountain Run

The median gross income for households in Fountain Run is $29,375 a year, or $2,448 a month. The median rent for the city is $386 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fountain Run, a household making less than $1,287 a month would be considered overburdened when renting an apartment at or above the median rent. 39.29% of households who rent are overburdened in Fountain Run.

Area Median Income In Fountain Run

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 Fountain Run, the AMI is calculated from all households within Monroe County.

In Fountain Run, HUD calculates the Area Median Income for a family of four as $58,600

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 Fountain Run

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 Fountain Run

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 Fountain Run 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 Fountain Run 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 Fountain Run 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