What HUD offices serve Louisa, 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.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Louisa.
How many renters live in Louisa, Kentucky?
The City of Louisa has people living in households.
There are renters living in renter households in this City. Renters make up 25.94 percent of the population living in Louisa.
What is the rental market like in Louisa, Kentucky?
There are an estimated housing units in the Louisa area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Louisa, Kentucky, there are 1.32 rental units.
What is the vacancy rate for rentals in Louisa?
The rental vacancy rate in Louisa is 24 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Louisa for each bedroom size?
Occupied Rental Units by Size in Louisa
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 21 | 61 | 105 | 86 | 15 |
Occupied Rental Units by Size in Louisa
A large number of apartments in Louisa have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Louisa?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 21 | 100 percent |
| One BR | 49 | 80 percent |
| Two BR | 58 | 55 percent |
Rental Units Below FMR in Louisa, Kentucky
How many affordable rental units are in Louisa?
There are a variety of federal affordable housing programs serving households in Louisa, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 202 Supportive Housing for the Elderly | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Louisa, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Louisa, Kentucky
Louisa features 131 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 Louisa, Kentucky
There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisa.
Housing Choice Vouchers in Louisa, Kentucky
On average, Section 8 Housing Choice vouchers pay Louisa landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Louisa.
The maximum amount a voucher would pay on behalf of a low-income tenant in Louisa, Kentucky for a two-bedroom apartment is between $765 and $935.
Sourced from federal housing data and AffordableHousingOnline.com research.