Affordable Housing In Henderson
Henderson County, Kentucky

19 Low Income Apartment Communities In Henderson

Audubon School Apartments

1400 Clay Street
Henderson, Kentucky
$500-595
1-2 BR
55+

WARM Residences

38 N McKinley St
Henderson, Kentucky
Call For Rent
2-3 BR

Saddlebrook Apartments Two

1056 Saddlebrook Dr
Henderson, Kentucky
Call For Rent
1-3 BR

Fair Acres Apartments

500 Fair St
Henderson, Kentucky
Subsidized

Independent Living III - Henderson

1636 S Main St
Henderson, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Henderson Station I & II

1303 Washington St
Henderson, Kentucky

Henderson Group Home

1660 S Main St
Henderson, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Countryview Apartments

1422 Mattingly Dr
Henderson, Kentucky
Subsidized

Redbanks Apartments and Towers

737 Kimsey Ln
Henderson, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Cambridge Pointe Apartments

2718 Zion Rd
Henderson, Kentucky

Section 8 Vouchers, Apartments, and Waiting Lists in Henderson, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Henderson, Kentucky

Housing Authority Programs
Housing Authority of Henderson Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Henderson, Kentucky

There are 19 low income housing apartment communities offering 1,233 affordable apartments for rent in Henderson, Kentucky.

Income Based Apartments in Henderson, Kentucky

Henderson features 723 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 Henderson, Kentucky

There are 470 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Henderson.

Housing Choice Vouchers in Henderson, Kentucky

On average, Section 8 Housing Choice vouchers pay Henderson landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Henderson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Henderson, Kentucky for a two-bedroom apartment is between $792 and $968.

2022 Henderson, 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
Henderson, Kentucky Fair Market Rent $621 $706 $880 $1,153 $1,326
Henderson, Kentucky Payment Standard Range $559 to $683 $635 to $777 $792 to $968 $1,038 to $1,268 $1,193 to $1,459

Sourced from federal housing data and AffordableHousingOnline.com research.

Henderson, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 1,233
Total Housing Units with Rental Assistance 723
Percentage of Housing Units Occupied By Renters 48.71%
Average Renter Household Size 2.18
Average Household Size 2.24
Median Household Income $34,879 ±$2,053
Median Rent $615 ±$18
Percentage Of Renters Overburdened 47.55% ± 4.89pp
Total Population 28,889

Population and Household Demographics

Henderson is a city in Henderson County, Kentucky with a population of 28,889. There are 12,313 households in the city with an average household size of 2.24 persons. 48.71% of households in Henderson are renters.

Income and Rent Overburden in Henderson

The median gross income for households in Henderson is $34,879 a year, or $2,907 a month. The median rent for the city is $615 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Henderson, a household making less than $2,050 a month would be considered overburdened when renting an apartment at or above the median rent. 47.55% of households who rent are overburdened in Henderson.

Area Median Income In Henderson

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 Henderson, the AMI is calculated from all households within Henderson County.

In Henderson, HUD calculates the Area Median Income for a family of four as $83,700

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 Henderson

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 Henderson

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 Henderson AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,600 $20,100 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Henderson AMI may qualify for rental assistance programs that target Very Low Income households.
$29,300 $33,500 $37,700 $41,850 $45,200 $48,550 $51,900 $55,250
80% AMI Income Limits
Renters earning up to 80% of the Henderson AMI may qualify for rental assistance programs that target Low Income households.
$46,900 $53,600 $60,300 $66,950 $72,350 $77,700 $83,050 $88,400