Affordable Housing In Hopkins County
Kentucky

4 Low Income Apartment Communities In Hopkins County

Arbors of Madisonville

652 S Kentucky Ave
Madisonville, KY
Subsidized

Quail Run Apartments

309 Partridge Dr
Earlington, KY
Subsidized

Cross Creek Apartments

1505 Island Ford Rd
Madisonville, KY
Subsidized

Shiloh Apartments

75 Winding Crk
Madisonville, KY
Subsidized
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There are 4 low income housing apartment complexes which contain 301 affordable apartments for rent in Hopkins County. Many of these rental apartments are income based housing with 301 apartments that set rent based on your income. In Hopkins County, HUD housing programs support 277 rental assistance apartments through programs like Project-based Section 8. There are 0 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Hopkins County

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

Other Housing Authorities located in Hopkins County

Housing Authority Programs
Madisonville Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of Dawson Springs Public Housing

Guide To Affordable Housing in Hopkins County, Kentucky

Hopkins County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 301
Total Rent Assisted Apartments 301
Percentage of Housing Units Occupied By Renters 28.45%
Average Renter Household Size 2.43
Total Population 46,518
Housing Units 18,622
Average Household Size 2.45
Median Household Income $42,346 ±$1,747
Median Rent $592 ±$32
Percentage Of Renters Overburdened 36.84% ± 4.44pp

Population and Household Demographics

Hopkins County is a County in Kentucky with a population of 46,518. There are 18,622 households in the county with an average household size of 2.45 persons. 28.45% of households in Hopkins County are renters.

Income and Rent Overburden in Hopkins County

The median gross income for households in Hopkins County is $42,346 a year, or $3,529 a month. The median rent for the county is $592 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hopkins County, a household making less than $1,973 a month would be considered overburdened when renting an apartment at or above the median rent. 36.84% of households who rent are overburdened in Hopkins County.1

Area Median Income In Hopkins 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 Hopkins County, HUD calculates the Area Median Income for a family of four as $59,200

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 Hopkins 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 Hopkins County HUD Rental Assistance in Hopkins 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 $30,170 $34,350 $36,750 $39,100
50% of Median $20,750 $23,700 $26,650 $29,600 $32,000 $34,350 $36,750 $39,100
80% of Median $33,150 $37,900 $42,650 $47,350 $51,150 $54,950 $58,750 $62,550
Low Income Housing Tax Credits in Hopkins County

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

From 2007 to 2007, 1 low income apartment communities containing 100 rental apartments have been constructed and made affordable to low income persons in Hopkins 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 Hopkins County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,750 $23,700 $26,650 $29,600 $32,000 $34,350 $36,750 $39,100
60% of Median $24,900 $28,440 $31,980 $35,520 $38,400 $41,220 $44,100 $46,920

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 Hopkins County is $31,980 a year, or $2,665 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,665 by 30% to get a maximum rent of $800 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% $519 $556 $666 $770 $859 $948
60% $623 $667 $800 $924 $1,031 $1,138
Fair Market Rents in Hopkins 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$450 $475 $628 $828 $910

Cities In Hopkins County

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

City Listings Served By
Madisonville 3 The HUD funded Public Housing Agency that serves Madisonville is the Madisonville Housing Authority.
Earlington 1 The HUD funded Public Housing Agency that serves Earlington is the Kentucky Housing Corporation.
Nortonville 0 The HUD funded Public Housing Agency that serves Nortonville is the Kentucky Housing Corporation.
Manitou 0 The HUD funded Public Housing Agency that serves Manitou is the Kentucky Housing Corporation.
Mortons Gap 0 The HUD funded Public Housing Agency that serves Mortons Gap is the Kentucky Housing Corporation.
Nebo 0 The HUD funded Public Housing Agency that serves Nebo is the Kentucky Housing Corporation.
St. Charles 0 The HUD funded Public Housing Agency that serves St. Charles is the Kentucky Housing Corporation.
White Plains 0 The HUD funded Public Housing Agency that serves White Plains is the Kentucky Housing Corporation.
Hanson 0 The HUD funded Public Housing Agency that serves Hanson is the Kentucky Housing Corporation.