Affordable Housing In McCracken County
Kentucky

18 Low Income Apartment Communities In McCracken County

Lone Oak Manor Apartments

650 College Ave
Paducah, KY
Call For Rent
1-3 BR

Fernwood Homes

710 Lone Oak Rd
Paducah, KY
Income Based
2 BR

Riverwood Group Home

421 S 9th St
Paducah, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Whittier Apartments

1301 N 13th St
Paducah, KY
Subsidized

Irvin Cobb Apartments

600 Broadway St
Paducah, KY
Subsidized

Jackson House

301 S 9th St
Paducah, KY
Subsidized

Mcauley Manor

631 McAuley Dr
Paducah, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

W B Sanders Retirement Center

820 Washington St
Paducah, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Paducah Highland Terrace

1110 Old North Friendship Rd
Paducah, KY
Subsidized

Dudley Court Apartments

801 McGuire Ave
Paducah, KY
Subsidized

Housing Authorities that serve McCracken County

Housing Authority Programs
Housing Authority of Paducah - Section 8 Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in McCracken County

Housing Authority Programs
Housing Authority of Paducah - Public Housing Public Housing

Guide To Affordable Housing in McCracken County, Kentucky

According to federal housing data and AffordableHousingOnline.com research, there are 18 low income housing apartment communities offering 1,980 affordable apartments for rent in McCracken County, Kentucky. McCracken County features 1,842 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 62 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in McCracken County.

McCracken County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 1,980
Total Housing Units with Rental Assistance 1,842
Percentage of Housing Units Occupied By Renters 32.72%
Average Renter Household Size 2.06
Average Household Size 2.33
Median Household Income $44,067 ±$2,174
Median Rent $604 ±$20
Percentage Of Renters Overburdened 40.56% ± 4.01pp
Total Population 65,408

Population and Household Demographics

McCracken County is a County in Kentucky with a population of 65,408. There are 27,514 households in the county with an average household size of 2.33 persons. 32.72% of households in McCracken County are renters.

Income and Rent Overburden in McCracken County

The median gross income for households in McCracken County is $44,067 a year, or $3,672 a month. The median rent for the county is $604 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McCracken County, a household making less than $2,013 a month would be considered overburdened when renting an apartment at or above the median rent. 40.56% of households who rent are overburdened in McCracken County.1

Area Median Income In McCracken 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 McCracken County, HUD calculates the Area Median Income for a family of four as $58,400

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 McCracken 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 McCracken County HUD Rental Assistance in McCracken 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 $25,750 $30,170 $33,900 $36,250 $38,550
50% of Median $20,450 $23,400 $26,300 $29,200 $31,550 $33,900 $36,250 $38,550
80% of Median $32,700 $37,400 $42,050 $46,700 $50,450 $54,200 $57,950 $61,650
Low Income Housing Tax Credits in McCracken County

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

From 1999 to 2008, 2 low income apartment communities containing 60 rental apartments have been constructed and made affordable to low income persons in McCracken County 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 McCracken County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,450 $23,400 $26,300 $29,200 $31,550 $33,900 $36,250 $38,550
60% of Median $24,540 $28,080 $31,560 $35,040 $37,860 $40,680 $43,500 $46,260

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 McCracken County is $31,560 a year, or $2,630 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,630 by 30% to get a maximum rent of $789 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% $511 $548 $658 $759 $848 $935
60% $614 $658 $789 $911 $1,017 $1,122
Fair Market Rents in McCracken 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$483 $563 $742 $925 $1,012

Cities In McCracken County

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

City Listings Served By
Paducah 18 The HUD funded Public Housing Agencies that serve Paducah are the Housing Authority of Paducah - Public Housing and Housing Authority of Paducah - Section 8.
Hendron 0 The HUD funded Public Housing Agency that serves Hendron is the Housing Authority of Paducah - Section 8.
Massac 0 The HUD funded Public Housing Agency that serves Massac is the Housing Authority of Paducah - Section 8.
Reidland 0 The HUD funded Public Housing Agency that serves Reidland is the Housing Authority of Paducah - Section 8.
Farley 0 The HUD funded Public Housing Agency that serves Farley is the Housing Authority of Paducah - Section 8.