Affordable Housing In Marion County
Kentucky

6 Low Income Apartment Communities In Marion County

Lebanon Townhome Apartments

580 Valley View Court
Lebanon, KY
$585-630
1-2 BR

Marion Centennial Apartments

560 Maple St
Lebanon, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Maple Street Apartments

555 Maple Street Apt 57
Lebanon, KY
Subsidized

Lincoln View Housing

101 W Walnut St
Lebanon, KY
Subsidized

Hamilton - Warren - Memory L

100 Sunset Ter
Lebanon, KY

Hamilton - Warren - Memory L

103 Rosenwald Vlg
Lebanon, KY
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There are 6 low income housing apartment complexes which contain 312 affordable apartments for rent in Marion County. Many of these rental apartments are income based housing with 312 apartments that set rent based on your income. In Marion County, HUD housing programs support 72 rental assistance apartments through programs like Project-based Section 8. There are 0 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Marion County

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

Other Housing Authorities located in Marion County

Housing Authority Programs
Lebanon Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Marion County, Kentucky

Marion County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 312
Total Rent Assisted Apartments 312
Percentage of Housing Units Occupied By Renters 25.57%
Average Renter Household Size 2.39
Total Population 19,717
Housing Units 7,395
Average Household Size 2.51
Median Household Income $38,826 ±$3,588
Median Rent $554 ±$34
Percentage Of Renters Overburdened 43.57% ± 9.56pp

Population and Household Demographics

Marion County is a County in Kentucky with a population of 19,717. There are 7,395 households in the county with an average household size of 2.51 persons. 25.57% of households in Marion County are renters.

Income and Rent Overburden in Marion County

The median gross income for households in Marion County is $38,826 a year, or $3,236 a month. The median rent for the county is $554 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion County, a household making less than $1,847 a month would be considered overburdened when renting an apartment at or above the median rent. 43.57% of households who rent are overburdened in Marion County.1

Area Median Income In Marion 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 Marion County, HUD calculates the Area Median Income for a family of four as $50,600

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 Marion 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 Marion County HUD Rental Assistance in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Marion County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
Fair Market Rents in Marion County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$451 $550 $630 $789 $1,016

Cities In Marion County

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

City Listings Served By
Lebanon 6 The HUD funded Public Housing Agency that serves Lebanon is the Lebanon Housing Authority.
Raywick 0 The HUD funded Public Housing Agency that serves Raywick is the Kentucky Housing Corporation.
Bradfordsville 0 The HUD funded Public Housing Agency that serves Bradfordsville is the Kentucky Housing Corporation.
Loretto 0 The HUD funded Public Housing Agency that serves Loretto is the Kentucky Housing Corporation.