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Affordable Housing In Lyon County
Kentucky

3 Low Income Apartment Communities In Lyon County

Amber Village

333 Amber Ct
Eddyville, Kentucky
Subsidized

Lyon Co Ha

423 Linden Ave
Eddyville, Kentucky

Kenoak Apartments

300 Kenoak Drive
Eddyville, Kentucky
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Housing Authorities that serve Lyon County

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

Guide To Affordable Housing in Lyon County, Kentucky

There are 3 low income housing apartment communities offering 178 affordable apartments for rent in Lyon County, Kentucky.

Income Based Apartments in Lyon County, Kentucky

Lyon County features 138 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 Lyon County, Kentucky

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyon County.

Housing Choice Vouchers in Lyon County, Kentucky

On average, Section 8 Housing Choice vouchers pay Lyon County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lyon County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lyon County, Kentucky for a two-bedroom apartment is between $568 and $694.

2020 Lyon 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 $448 $510 $631 $851 $856
Payment Standard Range $403 to $493 $459 to $561 $568 to $694 $766 to $936 $770 to $942

Sourced from federal housing data and AffordableHousingOnline.com research.

Lyon County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 178
Total Housing Units with Rental Assistance 138
Percentage of Housing Units Occupied By Renters 18.14%
Average Renter Household Size 1.96
Average Household Size 2.19
Median Household Income $46,931 ±$3,437
Median Rent $419 ±$58
Percentage Of Renters Overburdened 39.93% ± 11.78pp
Total Population 8,402

Population and Household Demographics

Lyon County is a county in Kentucky with a population of 8,402. There are 3,230 households in the county with an average household size of 2.19 persons. 18.14% of households in Lyon County are renters.

Income and Rent Overburden in Lyon County

The median gross income for households in Lyon County is $46,931 a year, or $3,911 a month. The median rent for the county is $419 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lyon County, a household making less than $1,397 a month would be considered overburdened when renting an apartment at or above the median rent. 39.93% of households who rent are overburdened in Lyon County.

Area Median Income In Lyon 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 Lyon County, HUD calculates the Area Median Income for a family of four as $64,900

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 Lyon 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 Lyon County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,650 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,850
50% of Median $22,750 $26,000 $29,250 $32,450 $35,050 $37,650 $40,250 $42,850
80% of Median $36,350 $41,550 $46,750 $51,900 $56,100 $60,250 $64,400 $68,550

Cities In Lyon County

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

City Served By
Eddyville The HUD funded Public Housing Agencies that serve Eddyville are the Housing Authority of Lyon County and Kentucky Housing Corporation.
Kuttawa The HUD funded Public Housing Agency that serves Kuttawa is the Kentucky Housing Corporation.