Affordable Housing In Kenton County
45 Low Income Apartment Communities In Kenton County
Housing Authorities that serve Kenton County
|Housing Authority of Covington - Section 8||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)|
|Housing Authority of Covington - Public Housing||Public Housing|
Guide To Affordable Housing in Kenton County, Kentucky
There are 45 low income housing apartment communities offering 2,575 affordable apartments for rent in Kenton County, Kentucky.
Income Based Apartments in Kenton County, Kentucky
Kenton County features 1,781 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 Kenton County, Kentucky
There are 794 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kenton County.
Housing Choice Vouchers in Kenton County, Kentucky
On average, Section 8 Housing Choice vouchers pay Kenton County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Kenton County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Kenton County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||45|
|Total Low Income Apartments||2,575|
|Total Housing Units with Rental Assistance||1,781|
|Percentage of Housing Units Occupied By Renters||34.18%|
|Average Renter Household Size||2.41|
|Average Household Size||2.58|
|Median Household Income||$54,296 ±$1,616|
|Median Rent||$747 ±$14|
|Percentage Of Renters Overburdened||41.87% ± 2.81pp|
Population and Household Demographics
Kenton County is a County in Kentucky with a population of 163,007. There are 62,225 households in the county with an average household size of 2.58 persons. 34.18% of households in Kenton County are renters.
Income and Rent Overburden in Kenton County
The median gross income for households in Kenton County is $54,296 a year, or $4,525 a month. The median rent for the county is $747 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kenton County, a household making less than $2,490 a month would be considered overburdened when renting an apartment at or above the median rent. 41.87% of households who rent are overburdened in Kenton County.1
Area Median Income In Kenton 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 Kenton County, HUD calculates the Area Median Income for a family of four as $81,300
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 Kenton 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 Kenton County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,100||$19,550||$22,000||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$28,500||$32,550||$36,600||$40,650||$43,950||$47,200||$50,450||$53,700|
|80% of Median||$45,550||$52,050||$58,550||$65,050||$70,300||$75,500||$80,700||$85,900|
Cities In Kenton County
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