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Affordable Housing In Henry County
Kentucky

9 Low Income Apartment Communities In Henry County

Tristan Ridge Apartments

171 King Street
Eminence, Kentucky
Call For Rent
1-2 BR
Accepts Vouchers
Accessible
55+

Lakeview Apartments

17 Darlene Ct
Campbellsburg, Kentucky
Subsidized

Osage Estates

303 Osage Ct
New Castle, Kentucky
Subsidized

Eminence Ridge

33 Apachee Cir
Eminence, Kentucky
Subsidized

Eminence Mulberry

191 Sycamore Dr
Eminence, Kentucky
Subsidized

New Castle Apartments

400 George Mason Dr
New Castle, Kentucky
Subsidized

Campbellsburg Townhomes Apartments

15 Darlene Ct
Campbellsburg, Kentucky
Subsidized

Canon Court

54 Lou Ave
Eminence, Kentucky

Elmwood Apts

Elm and Penn Streets
Eminence, Kentucky
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Housing Authorities that serve Henry County

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

Guide To Affordable Housing in Henry County, Kentucky

There are 9 low income housing apartment communities offering 337 affordable apartments for rent in Henry County, Kentucky.

Income Based Apartments in Henry County, Kentucky

Henry County features 293 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 Henry County, Kentucky

There are 44 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Henry County.

Housing Choice Vouchers in Henry County, Kentucky

On average, Section 8 Housing Choice vouchers pay Henry County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Henry County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Henry County, Kentucky for a two-bedroom apartment is between $785 and $959.

2020 Henry 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
Fair Market Rent $614 $713 $872 $1,174 $1,331
Payment Standard Range $553 to $675 $642 to $784 $785 to $959 $1,057 to $1,291 $1,198 to $1,464

Sourced from federal housing data and AffordableHousingOnline.com research.

Henry County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 337
Total Housing Units with Rental Assistance 293
Percentage of Housing Units Occupied By Renters 29.99%
Average Renter Household Size 2.53
Average Household Size 2.57
Median Household Income $46,495 ±$2,717
Median Rent $700 ±$29
Percentage Of Renters Overburdened 44.13% ± 7.34pp
Total Population 15,455

Population and Household Demographics

Henry County is a county in Kentucky with a population of 15,455. There are 5,992 households in the county with an average household size of 2.57 persons. 29.99% of households in Henry County are renters.

Income and Rent Overburden in Henry County

The median gross income for households in Henry County is $46,495 a year, or $3,875 a month. The median rent for the county is $700 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Henry County, a household making less than $2,333 a month would be considered overburdened when renting an apartment at or above the median rent. 44.13% of households who rent are overburdened in Henry County.

Area Median Income In Henry 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 Henry County, HUD calculates the Area Median Income for a family of four as $77,500

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 Henry 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 Henry County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,300 $18,600 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,150 $31,000 $34,900 $38,750 $41,850 $44,950 $48,050 $51,150
80% of Median $43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850

Cities In Henry County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Campbellsburg The HUD funded Public Housing Agency that serves Campbellsburg is the Kentucky Housing Corporation.
Eminence The HUD funded Public Housing Agencies that serve Eminence are the Housing Authority of Eminence and Kentucky Housing Corporation.
New Castle The HUD funded Public Housing Agency that serves New Castle is the Kentucky Housing Corporation.
Pleasureville The HUD funded Public Housing Agency that serves Pleasureville is the Kentucky Housing Corporation.
Smithfield The HUD funded Public Housing Agency that serves Smithfield is the Kentucky Housing Corporation.