Affordable Housing In Hickman County
Kentucky

3 Low Income Apartment Communities In Hickman County

Henley Park Apartments

301 Henley Ct
Clinton, KY
HCV Welcome

Clinton Apartments

200 Ezell Ln
Clinton, KY
Subsidized

Clinton Hills

205 Ringo Dr
Clinton, KY
Subsidized
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Housing Authorities that serve Hickman County

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

Guide To Affordable Housing in Hickman County, Kentucky

There are 3 low income housing apartment communities offering 66 affordable apartments for rent in Hickman County, Kentucky. Hickman County features 44 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 22 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Hickman County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Hickman County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 66
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 25.49%
Average Renter Household Size 2.39
Average Household Size 2.29
Median Household Income $41,218 ±$3,677
Median Rent $531 ±$86
Percentage Of Renters Overburdened 35.19% ± 10.63pp
Total Population 4,720

Population and Household Demographics

Hickman County is a County in Kentucky with a population of 4,720. There are 1,973 households in the county with an average household size of 2.29 persons. 25.49% of households in Hickman County are renters.

Income and Rent Overburden in Hickman County

The median gross income for households in Hickman County is $41,218 a year, or $3,435 a month. The median rent for the county is $531 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hickman County, a household making less than $1,770 a month would be considered overburdened when renting an apartment at or above the median rent. 35.19% of households who rent are overburdened in Hickman County.1

Area Median Income In Hickman 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 Hickman County, HUD calculates the Area Median Income for a family of four as $52,100

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 Hickman 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 Hickman County HUD Rental Assistance in Hickman County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,150 $30,250 $32,350 $34,400
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
80% of Median $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050
Low Income Housing Tax Credits in Hickman County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 1997, 1 low income apartment communities containing 22 rental apartments have been constructed and made affordable to low income persons in Hickman County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Hickman County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
60% of Median $21,900 $25,020 $28,140 $31,260 $33,780 $36,300 $38,820 $41,280

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Hickman County is $28,140 a year, or $2,345 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,345 by 30% to get a maximum rent of $704 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $456 $489 $586 $678 $756 $834
60% $548 $587 $704 $813 $908 $1,001
Fair Market Rents in Hickman County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$448 $495 $631 $852 $855

Cities In Hickman County

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

City Listings Served By
Clinton 3 The HUD funded Public Housing Agency that serves Clinton is the Kentucky Housing Corporation.
Columbus 0 The HUD funded Public Housing Agency that serves Columbus is the Kentucky Housing Corporation.