Affordable Housing In Metcalfe County
5 Low Income Apartment Communities In Metcalfe County
Housing Authorities that serve Metcalfe County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Metcalfe County, Kentucky
There are 5 low income housing apartment communities offering 156 affordable apartments for rent in Metcalfe County, Kentucky.
Income Based Apartments in Metcalfe County, Kentucky
Metcalfe County features 132 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 Metcalfe County, Kentucky
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Metcalfe County.
Housing Choice Vouchers in Metcalfe County, Kentucky
On average, Section 8 Housing Choice vouchers pay Metcalfe County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Metcalfe County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Metcalfe County, Kentucky for a two-bedroom apartment is between $568 and $694.
2020 Metcalfe 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||$554||$631||$786||$855|
|Payment Standard Range||$403 to $493||$499 to $609||$568 to $694||$707 to $865||$770 to $941|
Sourced from federal housing data and AffordableHousingOnline.com research.
Metcalfe County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||156|
|Total Housing Units with Rental Assistance||132|
|Percentage of Housing Units Occupied By Renters||22.79%|
|Average Renter Household Size||2.28|
|Average Household Size||2.51|
|Median Household Income||$32,294 ±$2,849|
|Median Rent||$504 ±$43|
|Percentage Of Renters Overburdened||29.99% ± 6.97pp|
Population and Household Demographics
Metcalfe County is a county in Kentucky with a population of 9,985. There are 3,936 households in the county with an average household size of 2.51 persons. 22.79% of households in Metcalfe County are renters.
Income and Rent Overburden in Metcalfe County
The median gross income for households in Metcalfe County is $32,294 a year, or $2,691 a month. The median rent for the county is $504 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Metcalfe County, a household making less than $1,680 a month would be considered overburdened when renting an apartment at or above the median rent. 29.99% of households who rent are overburdened in Metcalfe County.
Area Median Income In Metcalfe 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 Metcalfe County, HUD calculates the Area Median Income for a family of four as $44,900
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 Metcalfe 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 Metcalfe 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|
Cities In Metcalfe County
Select A City to View its Apartment Communities and Waiting Lists.
|Edmonton||The HUD funded Public Housing Agency that serves Edmonton is the Kentucky Housing Corporation.|
|Summer Shade||The HUD funded Public Housing Agency that serves Summer Shade is the Kentucky Housing Corporation.|