Affordable Housing In Knox County
Kentucky

32 Low Income Apartment Communities In Knox County

Friendship House of Corbin

1365 E Master St
Corbin, KY
Call For Rent
1 BR
62+
Accessible
HCV Welcome

Valley View

301 Valley View
Corbin, KY
Call For Rent
1-3 BR
Subsidized

Maplewood Apartments

Maplewood ST
Barbourville, KY
HCV Welcome

Greater Corbin Manor

1400 Corbin Manor Apartment
Corbin, KY
Subsidized

Knox Wood Apartments

64 Knoxwood Street
Barbourville, KY
Subsidized

Kceoc Corbin ( Oakpl ) Dba Murrell Mitchell Apartments

Old Barboursville Hwy
Corbin, KY
Subsidized

Cumberland Care Home

1203 American Greeting Card Rd
Corbin, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Maple Wood Assoc

70 Maplewood Street
Barbourville, KY
Subsidized

Sowders Manor

1 Whitesburg Hollow Rd
Barbourville, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

College Heights

691 N Allison Ave
Barbourville, KY
Subsidized

Other Housing Authorities located in Knox County

Housing Authority Programs
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

According to federal housing data and AffordableHousingOnline.com research, 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.

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
Total Population 31,809

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
Low Income Housing Tax Credits in Knox County

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

From 1992 to 2011, 14 low income apartment communities containing 494 rental apartments have been constructed and made affordable to low income persons in Knox 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 Knox County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

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 Knox County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 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% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
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
$448 $515 $631 $885 $1,108

Cities In Knox County

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

City Listings Served By
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.
North Corbin 0
Artemus 0
Flat Lick 0