Affordable Housing In Hopkins County
7 Low Income Apartment Communities In Hopkins County
Housing Authorities that serve Hopkins County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Hopkins County, Kentucky
There are 7 low income housing apartment communities offering 429 affordable apartments for rent in Hopkins County, Kentucky.
Income Based Apartments in Hopkins County, Kentucky
Hopkins County features 361 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 Hopkins County, Kentucky
There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hopkins County.
Housing Choice Vouchers in Hopkins County, Kentucky
On average, Section 8 Housing Choice vouchers pay Hopkins County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Hopkins County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hopkins County, Kentucky for a two-bedroom apartment is between $586 and $716.
2020 Hopkins 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||$463||$494||$651||$878||$941|
|Payment Standard Range||$417 to $509||$445 to $543||$586 to $716||$790 to $966||$847 to $1,035|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hopkins County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||429|
|Total Housing Units with Rental Assistance||361|
|Percentage of Housing Units Occupied By Renters||28.45%|
|Average Renter Household Size||2.43|
|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.
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 $60,100
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 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 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||$12,760||$17,240||$21,720||$26,200||$30,680||$34,900||$37,300||$39,700|
|50% of Median||$21,050||$24,050||$27,050||$30,050||$32,500||$34,900||$37,300||$39,700|
|80% of Median||$33,700||$38,500||$43,300||$48,100||$51,950||$55,800||$59,650||$63,500|
Cities In Hopkins County
Select A City to View its Apartment Communities and Waiting Lists.
|Earlington||The HUD funded Public Housing Agency that serves Earlington is the Kentucky Housing Corporation.|
|Hanson||The HUD funded Public Housing Agency that serves Hanson is the Kentucky Housing Corporation.|
|Madisonville||The HUD funded Public Housing Agency that serves Madisonville is the Madisonville Housing Authority.|
|Manitou||The HUD funded Public Housing Agency that serves Manitou is the Kentucky Housing Corporation.|
|Mortons Gap||The HUD funded Public Housing Agency that serves Mortons Gap is the Kentucky Housing Corporation.|
|Nebo||The HUD funded Public Housing Agency that serves Nebo is the Kentucky Housing Corporation.|
|Nortonville||The HUD funded Public Housing Agency that serves Nortonville is the Kentucky Housing Corporation.|
|St. Charles||The HUD funded Public Housing Agency that serves St. Charles is the Kentucky Housing Corporation.|
|White Plains||The HUD funded Public Housing Agency that serves White Plains is the Kentucky Housing Corporation.|