Affordable Housing In Menifee County
3 Low Income Apartment Communities In Menifee County
Housing Authorities that serve Menifee County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Menifee County, Kentucky
There are 3 low income housing apartment communities offering 76 affordable apartments for rent in Menifee County, Kentucky.
Income Based Apartments in Menifee County, Kentucky
Menifee County features 76 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 Menifee County, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menifee County.
Housing Choice Vouchers in Menifee County, Kentucky
On average, Section 8 Housing Choice vouchers pay Menifee County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Menifee County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Menifee County, Kentucky for a two-bedroom apartment is between $568 and $694.
2020 Menifee 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||$448||$479||$631||$786||$855|
|Payment Standard Range||$403 to $493||$431 to $527||$568 to $694||$707 to $865||$770 to $941|
Sourced from federal housing data and AffordableHousingOnline.com research.
Menifee County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||76|
|Total Housing Units with Rental Assistance||76|
|Percentage of Housing Units Occupied By Renters||22.62%|
|Average Renter Household Size||2.57|
|Average Household Size||2.56|
|Median Household Income||$31,503 ±$3,675|
|Median Rent||$511 ±$65|
|Percentage Of Renters Overburdened||38.07% ± 11.81pp|
Population and Household Demographics
Menifee County is a county in Kentucky with a population of 6,343. There are 2,427 households in the county with an average household size of 2.56 persons. 22.62% of households in Menifee County are renters.
Income and Rent Overburden in Menifee County
The median gross income for households in Menifee County is $31,503 a year, or $2,625 a month. The median rent for the county is $511 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Menifee County, a household making less than $1,703 a month would be considered overburdened when renting an apartment at or above the median rent. 38.07% of households who rent are overburdened in Menifee County.
Area Median Income In Menifee 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 Menifee County, HUD calculates the Area Median Income for a family of four as $49,900
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 Menifee 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 Menifee 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||$28,850||$31,000||$33,150||$35,250|
|50% of Median||$18,700||$21,400||$24,050||$26,700||$28,850||$31,000||$33,150||$35,250|
|80% of Median||$29,900||$34,200||$38,450||$42,700||$46,150||$49,550||$52,950||$56,400|