Affordable Housing In Knox County
32 Low Income Apartment Communities In Knox County
Other Housing Authorities located in Knox County
|Housing Authority of Barbourville||Public Housing|
|Barbourville Urban Renewal and CDA||Section 8 Housing Choice Voucher (HCV)|
|Cumberland Valley Regional Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Knox County, Kentucky
There are 32 low income housing apartment communities offering 1,525 affordable apartments for rent in Knox County, Kentucky. Knox County features 967 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 558 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Knox County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Knox County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||32|
|Total Low Income Apartments||1,525|
|Total Housing Units with Rental Assistance||967|
|Percentage of Housing Units Occupied By Renters||37.42%|
|Average Renter Household Size||2.41|
|Average Household Size||2.50|
|Median Household Income||$26,599 ±$2,214|
|Median Rent||$545 ±$32|
|Percentage Of Renters Overburdened||43.79% ± 7pp|
Population and Household Demographics
Knox County is a County in Kentucky with a population of 31,809. There are 12,467 households in the county with an average household size of 2.50 persons. 37.42% of households in Knox County are renters.
Income and Rent Overburden in Knox County
The median gross income for households in Knox County is $26,599 a year, or $2,217 a month. The median rent for the county is $545 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Knox County, a household making less than $1,817 a month would be considered overburdened when renting an apartment at or above the median rent. 43.79% of households who rent are overburdened in Knox County.1
Area Median Income In Knox 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 Knox County, HUD calculates the Area Median Income for a family of four as $35,300
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 Knox 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 Knox County HUD Rental Assistance in Knox 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||$25,600||$27,650||$29,700||$31,750||$33,800|
|50% of Median||$17,950||$20,500||$23,050||$25,600||$27,650||$29,700||$31,750||$33,800|
|80% of Median||$28,700||$32,800||$36,900||$40,950||$44,250||$47,550||$50,800||$54,100|
Fair Market Rents in Knox 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|
Cities In Knox County
Select A City to View its Apartment Communities and Waiting Lists.
|Corbin||22||The HUD funded Public Housing Agency that serves Corbin is the Housing Authority of Corbin.|
|Barbourville||10||The HUD funded Public Housing Agencies that serve Barbourville are the Housing Authority of Barbourville and Barbourville Urban Renewal and CDA.|