Affordable Housing In Larue County
8 Low Income Apartment Communities In Larue County
Housing Authorities that serve Larue County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Larue County, Kentucky
There are 8 low income housing apartment communities offering 315 affordable apartments for rent in Larue County, Kentucky.
Income Based Apartments in Larue County, Kentucky
Larue County features 280 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 Larue County, Kentucky
There are 35 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Larue County.
Housing Choice Vouchers in Larue County, Kentucky
On average, Section 8 Housing Choice vouchers pay Larue County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Larue County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Larue County, Kentucky for a two-bedroom apartment is between $703 and $859.
2020 Larue 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||$587||$593||$781||$1,127||$1,371|
|Payment Standard Range||$528 to $646||$534 to $652||$703 to $859||$1,014 to $1,240||$1,234 to $1,508|
Sourced from federal housing data and AffordableHousingOnline.com research.
Larue County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||8|
|Total Low Income Apartments||315|
|Total Housing Units with Rental Assistance||280|
|Percentage of Housing Units Occupied By Renters||26.9%|
|Average Renter Household Size||2.49|
|Average Household Size||2.60|
|Median Household Income||$38,578 ±$3,292|
|Median Rent||$657 ±$58|
|Percentage Of Renters Overburdened||48.01% ± 10.22pp|
Population and Household Demographics
Larue County is a county in Kentucky with a population of 14,149. There are 5,328 households in the county with an average household size of 2.60 persons. 26.9% of households in Larue County are renters.
Income and Rent Overburden in Larue County
The median gross income for households in Larue County is $38,578 a year, or $3,215 a month. The median rent for the county is $657 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Larue County, a household making less than $2,190 a month would be considered overburdened when renting an apartment at or above the median rent. 48.01% of households who rent are overburdened in Larue County.
Area Median Income In Larue 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 Larue County, HUD calculates the Area Median Income for a family of four as $68,600
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 Larue 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 Larue County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,450||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$24,050||$27,450||$30,900||$34,300||$37,050||$39,800||$42,550||$45,300|
|80% of Median||$38,450||$43,950||$49,450||$54,900||$59,300||$63,700||$68,100||$72,500|
Cities In Larue County
Select A City to View its Apartment Communities and Waiting Lists.
|Buffalo||The HUD funded Public Housing Agency that serves Buffalo is the Kentucky Housing Corporation.|
|Hodgenville||The HUD funded Public Housing Agencies that serve Hodgenville are the Housing Authority of Hodgenville and Kentucky Housing Corporation.|
|Magnolia||The HUD funded Public Housing Agency that serves Magnolia is the Kentucky Housing Corporation.|