Affordable Housing In Green County
5 Low Income Apartment Communities In Green County
Guide To Affordable Housing in Green County, Kentucky
There are 5 low income housing apartment communities offering 205 affordable apartments for rent in Green County, Kentucky.
Income Based Apartments in Green County, Kentucky
Green County features 181 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 Green County, Kentucky
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Green County.
Housing Choice Vouchers in Green County, Kentucky
On average, Section 8 Housing Choice vouchers pay Green County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Green County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Green County, Kentucky for a two-bedroom apartment is between $607 and $741.
2022 Green 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|
|Green County, Kentucky Fair Market Rent||$482||$512||$674||$833||$914|
|Green County, Kentucky Payment Standard Range||$434 to $530||$461 to $563||$607 to $741||$750 to $916||$823 to $1,005|
Sourced from federal housing data and AffordableHousingOnline.com research.
Green County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||205|
|Total Housing Units with Rental Assistance||181|
|Percentage of Housing Units Occupied By Renters||20.71%|
|Average Renter Household Size||2.40|
|Average Household Size||2.46|
|Median Household Income||$34,982 ±$4,555|
|Median Rent||$524 ±$29|
|Percentage Of Renters Overburdened||40.24% ± 7.26pp|
Population and Household Demographics
Green County is a county in Kentucky with a population of 11,149. There are 4,477 households in the county with an average household size of 2.46 persons. 20.71% of households in Green County are renters.
Income and Rent Overburden in Green County
The median gross income for households in Green County is $34,982 a year, or $2,915 a month. The median rent for the county is $524 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Green County, a household making less than $1,747 a month would be considered overburdened when renting an apartment at or above the median rent. 40.24% of households who rent are overburdened in Green County.
Area Median Income In Green 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 Green County, HUD calculates the Area Median Income for a family of four as $54,200
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 Green 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 Green 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 Green County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Green County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Green County AMI may qualify for rental assistance programs that target Low Income households.