What HUD offices serve Louisville, 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 Louisville.
How many renters live in Louisville, Kentucky?
The City of Louisville has people living in households.
There are renters living in renter households in this City. Renters make up 33.46 percent of the population living in Louisville.
What is the rental market like in Louisville, Kentucky?
There are an estimated housing units in the Louisville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Louisville, Kentucky, there are 1.05 rental units.
What is the vacancy rate for rentals in Louisville?
The rental vacancy rate in Louisville is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Louisville for each bedroom size?
Occupied Rental Units by Size in Louisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 4,492 30,885 42,869 20,001 3,611 Occupied Rental Units by Size in Louisville
A large number of apartments in Louisville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Louisville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $976 One BR $1,077 Two BR $1,301 Three BR $1,701 Four BR $1,955 2024 Fair Market Rents in Louisville, Kentucky
How many units are rented at Fair Market Rent (FMR) in Louisville?
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 3,116 69 percent One BR 22,294 72 percent Two BR 28,748 67 percent Rental Units Below FMR in Louisville, Kentucky
How many affordable rental units are in Louisville?
There are a variety of federal affordable housing programs serving households in
Louisville, Kentucky including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Louisville, Kentucky
Income Based Apartments in Louisville, Kentucky
Louisville features 9,728 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 Louisville, Kentucky
There are 5,759 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisville.
Housing Choice Vouchers in Louisville, Kentucky
On average, Section 8 Housing Choice vouchers pay Louisville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Louisville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Louisville, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.
Sourced from federal housing data and AffordableHousingOnline.com research.