Affordable Housing In Mason County
7 Low Income Apartment Communities In Mason County
Housing Authorities that serve Mason County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Mason County, Kentucky
There are 7 low income housing apartment communities offering 356 affordable apartments for rent in Mason County, Kentucky.
Income Based Apartments in Mason County, Kentucky
Mason County features 251 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 Mason County, Kentucky
There are 105 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mason County.
Housing Choice Vouchers in Mason County, Kentucky
On average, Section 8 Housing Choice vouchers pay Mason County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Mason County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mason County, Kentucky for a two-bedroom apartment is between $573 and $701.
2020 Mason 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||$453||$516||$637||$822||$865|
|Payment Standard Range||$408 to $498||$464 to $568||$573 to $701||$740 to $904||$779 to $952|
Sourced from federal housing data and AffordableHousingOnline.com research.
Mason County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||356|
|Total Housing Units with Rental Assistance||251|
|Percentage of Housing Units Occupied By Renters||33.05%|
|Average Renter Household Size||2.58|
|Average Household Size||2.52|
|Median Household Income||$38,824 ±$2,186|
|Median Rent||$547 ±$33|
|Percentage Of Renters Overburdened||29.29% ± 5.89pp|
Population and Household Demographics
Mason County is a county in Kentucky with a population of 17,296. There are 6,736 households in the county with an average household size of 2.52 persons. 33.05% of households in Mason County are renters.
Income and Rent Overburden in Mason County
The median gross income for households in Mason County is $38,824 a year, or $3,235 a month. The median rent for the county is $547 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mason County, a household making less than $1,823 a month would be considered overburdened when renting an apartment at or above the median rent. 29.29% of households who rent are overburdened in Mason County.
Area Median Income In Mason 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 Mason County, HUD calculates the Area Median Income for a family of four as $61,200
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 Mason 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 Mason County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,680||$33,500||$35,800||$38,100|
|50% of Median||$20,200||$23,100||$26,000||$28,850||$31,200||$33,500||$35,800||$38,100|
|80% of Median||$32,350||$36,950||$41,550||$46,150||$49,850||$53,550||$57,250||$60,950|
Cities In Mason County
Select A City to View its Apartment Communities and Waiting Lists.
|Dover||The HUD funded Public Housing Agency that serves Dover is the Kentucky Housing Corporation.|
|Mays Lick||The HUD funded Public Housing Agency that serves Mays Lick is the Kentucky Housing Corporation.|
|Maysville||The HUD funded Public Housing Agencies that serve Maysville are the Housing Authority of Maysville and Kentucky Housing Corporation.|
|Sardis||The HUD funded Public Housing Agency that serves Sardis is the Kentucky Housing Corporation.|