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Affordable Housing In Henderson
Henderson County, Kentucky

17 Low Income Apartment Communities In Henderson

WARM Residences

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

Fair Acres Apartments

500 Fair St
Henderson, Kentucky

Independent Living III - Henderson

1636 S Main St
Henderson, Kentucky
Elderly Supportive Housing

Henderson Station I & II

1303 Washington St
Henderson, Kentucky

Henderson Group Home

1660 S Main St
Henderson, Kentucky
Elderly Supportive Housing

Countryview Apartments

1422 Mattingly Dr
Henderson, Kentucky

Redbanks Apartments and Towers

737 Kimsey Ln
Henderson, Kentucky
Elderly Supportive Housing

Cambridge Pointe Apartments

2718 Zion Rd
Henderson, Kentucky

Sand Lane Manor

505 Sand Ln
Henderson, Kentucky

Scattered Sites ( 4 Sites )

520 Clay St
Henderson, Kentucky

Housing Authorities that serve Henderson

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

Guide To Affordable Housing in Henderson, Kentucky

There are 17 low income housing apartment communities offering 1,193 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 $761 and $930.

2021 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
Fair Market Rent $597 $670 $845 $1,107 $1,222
Payment Standard Range $537 to $657 $603 to $737 $761 to $930 $996 to $1,218 $1,100 to $1,344

Sourced from federal housing data and research.

Henderson, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,193
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 $74,800

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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,250 $17,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,400 $29,000 $32,650 $36,250 $39,150 $42,050 $44,950 $47,850
80% of Median $40,600 $46,400 $52,200 $58,000 $62,650 $67,300 $71,950 $76,600