Affordable Housing In Maysville
Mason County, Kentucky

6 Low Income Apartment Communities In Maysville

Heritage Square I and II

400 Lincoln Dr
Maysville, Kentucky
Accepts Vouchers

Stoneleigh Apartments

121 W 3rd St
Maysville, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

St Paul Trinity Community

665 Kenton Station Rd
Maysville, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Maysville High School

215 Limestone St
Maysville, Kentucky
Accepts Vouchers

Beechwood Manor

300 Wood St
Maysville, Kentucky

Buffalo Trace Housing Corp

Limestone St
Maysville, Kentucky
Accepts Vouchers
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Housing Authorities that serve Maysville

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

Guide To Affordable Housing in Maysville, Kentucky

There are 6 low income housing apartment communities offering 308 affordable apartments for rent in Maysville, Kentucky.

Income Based Apartments in Maysville, Kentucky

Maysville features 203 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 Maysville, Kentucky

There are 105 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Maysville.

Housing Choice Vouchers in Maysville, Kentucky

On average, Section 8 Housing Choice vouchers pay Maysville landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Maysville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Maysville, Kentucky for a two-bedroom apartment is between $573 and $701.

2020 Maysville, 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.

Maysville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 308
Total Housing Units with Rental Assistance 203
Percentage of Housing Units Occupied By Renters 44.51%
Average Renter Household Size 2.34
Average Household Size 2.32
Median Household Income $29,773 ±$4,646
Median Rent $524 ±$43
Percentage Of Renters Overburdened 34.8% ± 7.86pp
Total Population 8,924

Population and Household Demographics

Maysville is a City in Mason County, Kentucky with a population of 8,924. There are 3,718 households in the city with an average household size of 2.32 persons. 44.51% of households in Maysville are renters.

Income and Rent Overburden in Maysville

The median gross income for households in Maysville is $29,773 a year, or $2,481 a month. The median rent for the city is $524 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Maysville, a household making less than $1,747 a month would be considered overburdened when renting an apartment at or above the median rent. 34.8% of households who rent are overburdened in Maysville.1

Area Median Income In Maysville

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 Maysville, the AMI is calculated from all households within Mason County.

In Maysville, HUD calculates the Area Median Income for a family of four as $53,500

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 Maysville

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 Maysville

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 $28,900 $31,050 $33,200 $35,350
50% of Median $18,750 $21,400 $24,100 $26,750 $28,900 $31,050 $33,200 $35,350
80% of Median $30,000 $34,250 $38,550 $42,800 $46,250 $49,650 $53,100 $56,500