Affordable Housing In Mayfield
Graves County, Kentucky

10 Low Income Apartment Communities In Mayfield

Mayfield Plaza Apartments

404 Babb Drive
Mayfield, KY
Income Based
1-4 BR

Davis Apartments

2049 Marion Cir
Mayfield, KY

Willow Group Home

230 E Willow Dr
Mayfield, KY
Elderly Supportive Housing

Mayfield Manor II

320 E James St
Mayfield, KY
HCV Welcome

Mayfield Manor Apartments II

321 Indiana Ave
Mayfield, KY
HCV Welcome

Eloise Fuller Phase II

206 W South St
Mayfield, KY
HCV Welcome

Fuller Apartments

1535 Cuba Rd
Mayfield, KY
Disabled Supportive Housing

Mayfield Garden Apartments

602 S 12th St
Mayfield, KY

Northeast Court

511 Brookside Dr
Mayfield, KY

Agape Project - Western Kentucky

378 Quail Run
Mayfield, KY
HCV Welcome
  • «
  • 1
  • »

Housing Authorities that serve Mayfield

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

Guide To Affordable Housing in Mayfield, Kentucky

There are 10 low income housing apartment communities offering 605 affordable apartments for rent in Mayfield, Kentucky. Mayfield features 495 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 110 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mayfield.

Sourced from federal housing data and research.

Mayfield, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 605
Total Housing Units with Rental Assistance 495
Percentage of Housing Units Occupied By Renters 51.5%
Average Renter Household Size 2.46
Average Household Size 2.47
Median Household Income $25,916 ±$3,414
Median Rent $565 ±$47
Percentage Of Renters Overburdened 53.14% ± 9.62pp
Total Population 10,101

Population and Household Demographics

Mayfield is a City in Graves County, Kentucky with a population of 10,101. There are 3,957 households in the city with an average household size of 2.47 persons. 51.5% of households in Mayfield are renters.

Income and Rent Overburden in Mayfield

The median gross income for households in Mayfield is $25,916 a year, or $2,160 a month. The median rent for the city is $565 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mayfield, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 53.14% of households who rent are overburdened in Mayfield.1

Area Median Income In Mayfield

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Mayfield, the AMI is calculated from all households within Graves County.

In Mayfield, HUD calculates the Area Median Income for a family of four as $56,100

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 Mayfield

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 Mayfield HUD Rental Assistance in Mayfield

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 $25,750 $30,170 $32,550 $34,800 $37,050
50% of Median $19,650 $22,450 $25,250 $28,050 $30,300 $32,550 $34,800 $37,050
80% of Median $31,450 $35,950 $40,450 $44,900 $48,500 $52,100 $55,700 $59,300
Low Income Housing Tax Credits in Mayfield

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 2011, 4 low income apartment communities containing 124 rental apartments have been constructed and made affordable to low income persons in Mayfield by the Low Income Housing Tax Credit Program.

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 Mayfield

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,650 $22,450 $25,250 $28,050 $30,300 $32,550 $34,800 $37,050
60% of Median $23,580 $26,940 $30,300 $33,660 $36,360 $39,060 $41,760 $44,460

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 Mayfield is $30,300 a year, or $2,525 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,525 by 30% to get a maximum rent of $758 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% $491 $526 $631 $729 $814 $898
60% $590 $632 $758 $875 $977 $1,078
Fair Market Rents in Mayfield

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$448 $479 $631 $845 $855