What HUD offices serve Grayson 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.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Grayson County.
How many renters live in Grayson County, Kentucky?
The County of Grayson County has 26,465 people living in 9,705 households.
There are 5,484 renters living in 2,241 renter households in this County. Renters make up 20.72 percent of the population living in Grayson County.
What is the rental market like in Grayson County, Kentucky?
There are an estimated 13,346 housing units in the Grayson County area. Of these, 2,501 units are rental homes, making up 19 percent of the housing market. For every renter household in Grayson County, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Grayson County?
The rental vacancy rate in Grayson County is 9 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 Grayson County for each bedroom size?
Occupied Rental Units by Size in Grayson County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 136 | 326 | 1,037 | 623 | 96 |
Occupied Rental Units by Size in Grayson County
A large number of apartments in Grayson County 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 Grayson County are overburdened by housing costs?
Among renter households in this market, 31 percent have housing cost burden. Further, 12 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 Grayson County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,132. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $677 |
| One BR | $682 |
| Two BR | $850 |
| Three BR | $1,128 |
| Four BR | $1,132 |
2024 Fair Market Rents in Grayson County, Kentucky
How many units are rented at Fair Market Rent (FMR) in Grayson County?
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 |
| Studio | 98 | 72 percent |
| One BR | 280 | 86 percent |
| Two BR | 671 | 65 percent |
Rental Units Below FMR in Grayson County, Kentucky
How many affordable rental units are in Grayson County?
There are a variety of federal affordable housing programs serving households in Grayson County, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 403 |
| Section 8 Project-Based Rental Assistance | 165 |
| USDA Section 515 Rural Rental Housing | 202 |
Tracked Units by Federal Program in Grayson County, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grayson County, Kentucky
Grayson County features 350 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 County, Kentucky
There are 134 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grayson County.
Housing Choice Vouchers in Grayson County, Kentucky
On average, Section 8 Housing Choice vouchers pay Grayson County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Grayson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grayson County, Kentucky for a two-bedroom apartment is between $765 and $935.
Sourced from federal housing data and AffordableHousingOnline.com research.
