Affordable Housing In Grayson
Carter County, Kentucky

Affordable Housing programs support 233 income based apartments in Grayson where households pay rent based on how much they earn.

There are 86 affordable apartments in Grayson that offer reduced rents to low-income households.

Waiting Lists in Grayson, Kentucky

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

Sawgrass Greene

100 Sawgrass Ln
Grayson, Kentucky
$400-583
1-4 BR
Affordable

Poplar Plains Apartments

420 McDavid Blvd
Grayson, Kentucky
Call For Rent
2-3 BR
Rent Assisted

Genesis Recovery Kentucky Center

400 CW Stephens Blvd.
Grayson, Kentucky

Friendship House - Grayson

174 Everman St
Grayson, Kentucky
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Chapel House - Grayson

200 Everman St
Grayson, Kentucky
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Townhomes of Grayson

512 Robert and Mary St
Grayson, Kentucky
Affordable

River Run Apts.

303 Little Sandy Run
Grayson, Kentucky

Logan Trace Apts.

305 Mcdavid Blvd
Grayson, Kentucky
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Affordable Housing Near Grayson

View affordable apartments and waiting lists in cities near Grayson

City Apartments
Affordable Housing In Olive Hill, KY Affordable Housing programs support 2 apartment communities in Olive Hill.

Public Housing Agencies Serving Grayson, 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 Grayson.

Grayson, Kentucky Affordable Housing Data

Income Based Apartments in Grayson, Kentucky

Grayson features 233 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 Grayson, Kentucky

There are 86 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grayson.

Housing Choice Vouchers in Grayson, Kentucky

On average, Section 8 Housing Choice vouchers pay Grayson landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Grayson.

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

2023 Grayson, 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
Grayson, Kentucky Fair Market Rent $560 $564 $742 $993 $997
Grayson, Kentucky Payment Standard Range $504 to $616 $508 to $620 $668 to $816 $894 to $1,092 $897 to $1,097

Sourced from federal housing data and AffordableHousingOnline.com research.

Grayson, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 319
Total Housing Units with Rental Assistance 233
Percentage of Housing Units Occupied By Renters 57.45%
Average Renter Household Size 2.14
Average Household Size 2.37
Median Household Income $34,357 ±$3,309
Median Rent $553 ±$32
Percentage Of Renters Overburdened 28.99% ± 11.4pp
Total Population 4,097

Population and Household Demographics

Grayson is a city in Carter County, Kentucky with a population of 4,097. There are 1,429 households in the city with an average household size of 2.37 persons. 57.45% of households in Grayson are renters.

Income and Rent Overburden in Grayson

The median gross income for households in Grayson is $34,357 a year, or $2,863 a month. The median rent for the city is $553 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grayson, a household making less than $1,843 a month would be considered overburdened when renting an apartment at or above the median rent. 28.99% of households who rent are overburdened in Grayson.

Area Median Income In Grayson

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 Grayson, the AMI is calculated from all households within Carter County.

In Grayson, HUD calculates the Area Median Income for a family of four as $51,400

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 Grayson

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 Grayson

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 Grayson 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 Grayson 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 Grayson 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