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Affordable Housing In Grayson
Carter County, Kentucky

7 Low Income Apartment Communities In Grayson

Sawgrass Greene

100 Sawgrass Ln
Grayson, Kentucky
1-4 BR

Poplar Plains Apartments

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

Friendship House - Grayson

174 Everman St
Grayson, Kentucky
Elderly Supportive Housing

Chapel House - Grayson

200 Everman St
Grayson, Kentucky
Elderly Supportive Housing

Townhomes of Grayson

512 Robert and Mary St
Grayson, Kentucky

River Run Apts.

303 Little Sandy Run
Grayson, Kentucky

Logan Trace Apts.

305 Mcdavid Blvd
Grayson, Kentucky
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Housing Authorities that serve Grayson

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Grayson, Kentucky

There are 7 low income housing apartment communities offering 285 affordable apartments for rent in Grayson, Kentucky.

Income Based Apartments in Grayson, Kentucky

Grayson features 199 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 $597 and $729.

2021 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 $475 $503 $663 $825 $939
Grayson, Kentucky Payment Standard Range $428 to $523 $453 to $553 $597 to $729 $743 to $908 $845 to $1,033

Sourced from federal housing data and research.

Grayson, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 285
Total Housing Units with Rental Assistance 199
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 $45,400

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.
$12,760 $17,240 $21,720 $26,200 $28,850 $31,000 $33,150 $35,250
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.
$18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
80% AMI Income Limits
Renters earning up to 80% of the Grayson AMI may qualify for rental assistance programs that target Low Income households.
$29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400