Affordable Housing In Lancaster
Garrard County, Kentucky

4 Low Income Apartment Communities In Lancaster

Lancaster Estates

220 Marksbury Ave
Lancaster, Kentucky
Call For Rent
1-3 BR
Subsidized

Village Square Apartments

202 Doty Ln
Lancaster, Kentucky
Subsidized

Kengarlan S - D

107 Kinnaird Ave
Lancaster, Kentucky

Maple Hill Estates

302 Kentucky Court
Lancaster, Kentucky
  • «
  • 1
  • »

Section 8 Vouchers, Apartments, and Waiting Lists in Lancaster, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Lancaster, Kentucky

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

Guide To Affordable Housing in Lancaster, Kentucky

There are 4 low income housing apartment communities offering 201 affordable apartments for rent in Lancaster, Kentucky.

Income Based Apartments in Lancaster, Kentucky

Lancaster features 201 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 Lancaster, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lancaster.

Housing Choice Vouchers in Lancaster, Kentucky

On average, Section 8 Housing Choice vouchers pay Lancaster landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Lancaster.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lancaster, Kentucky for a two-bedroom apartment is between $641 and $783.

2022 Lancaster, 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
Lancaster, Kentucky Fair Market Rent $509 $570 $712 $880 $1,046
Lancaster, Kentucky Payment Standard Range $458 to $560 $513 to $627 $641 to $783 $792 to $968 $941 to $1,151

Sourced from federal housing data and AffordableHousingOnline.com research.

Lancaster, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 201
Total Housing Units with Rental Assistance 201
Percentage of Housing Units Occupied By Renters 47.27%
Average Renter Household Size 2.62
Average Household Size 2.53
Median Household Income $29,542 ±$3,522
Median Rent $584 ±$21
Percentage Of Renters Overburdened 49.06% ± 12.43pp
Total Population 3,814

Population and Household Demographics

Lancaster is a city in Garrard County, Kentucky with a population of 3,814. There are 1,466 households in the city with an average household size of 2.53 persons. 47.27% of households in Lancaster are renters.

Income and Rent Overburden in Lancaster

The median gross income for households in Lancaster is $29,542 a year, or $2,462 a month. The median rent for the city is $584 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lancaster, a household making less than $1,947 a month would be considered overburdened when renting an apartment at or above the median rent. 49.06% of households who rent are overburdened in Lancaster.

Area Median Income In Lancaster

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lancaster, the AMI is calculated from all households within Garrard County.

In Lancaster, HUD calculates the Area Median Income for a family of four as $65,200

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 Lancaster

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 Lancaster

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lancaster AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,700 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $43,050
50% AMI Income Limits
Renters earning up to 50% of the Lancaster AMI may qualify for rental assistance programs that target Very Low Income households.
$22,850 $26,100 $29,350 $32,600 $35,250 $37,850 $40,450 $43,050
80% AMI Income Limits
Renters earning up to 80% of the Lancaster AMI may qualify for rental assistance programs that target Low Income households.
$36,550 $41,750 $46,950 $52,150 $56,350 $60,500 $64,700 $68,850