Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. As of March 13, 2020, Public Housing Agencies across the nation are closing their doors to the public. Most offices are still running and will communicate by phone, email, or mail. Some offices have drop boxes installed outside, so documents can still be hand-delivered. Visit the housing authority's website for the latest on its current operations, if one is available. If there is no information online, contact the housing authority directly. Due to a high volume of calls and modified office hours in most areas, expect a long wait time (days or weeks) for a response. To find your local PHA's contact info, browse by state here.

An extensive list of coronavirus resources for low-income households can be found here.

Affordable Housing In Midway
Woodford County, Kentucky

1 Low Income Apartment Communities In Midway

Midway School Apartments

510 S Winter St
Midway, Kentucky
  • «
  • 1
  • »

Housing Authorities that serve Midway

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Midway, Kentucky

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Midway, Kentucky.

Income Based Apartments in Midway, Kentucky

Midway features 0 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 Midway, Kentucky

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Midway.

Housing Choice Vouchers in Midway, Kentucky

On average, Section 8 Housing Choice vouchers pay Midway landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Midway.

The maximum amount a voucher would pay on behalf of a low-income tenant in Midway, Kentucky for a two-bedroom apartment is between $772 and $944.

2020 Midway, 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 $597 $678 $858 $1,189 $1,496
Payment Standard Range $537 to $657 $610 to $746 $772 to $944 $1,070 to $1,308 $1,346 to $1,646

Sourced from federal housing data and AffordableHousingOnline.com research.

Midway, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 31.05%
Average Renter Household Size 2.24
Average Household Size 2.35
Median Household Income $52,117 ±$4,063
Median Rent $818 ±$63
Percentage Of Renters Overburdened 36.27% ± 15.38pp
Total Population 1,733

Population and Household Demographics

Midway is a city in Woodford County, Kentucky with a population of 1,733. There are 657 households in the city with an average household size of 2.35 persons. 31.05% of households in Midway are renters.

Income and Rent Overburden in Midway

The median gross income for households in Midway is $52,117 a year, or $4,343 a month. The median rent for the city is $818 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Midway, a household making less than $2,727 a month would be considered overburdened when renting an apartment at or above the median rent. 36.27% of households who rent are overburdened in Midway.

Area Median Income In Midway

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 Midway, the AMI is calculated from all households within Woodford County.

In Midway, HUD calculates the Area Median Income for a family of four as $79,400

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 Midway

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 Midway

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,700 $19,050 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,800 $31,800 $35,750 $39,700 $42,900 $46,100 $49,250 $52,450
80% of Median $44,450 $50,800 $57,150 $63,500 $68,600 $73,700 $78,750 $83,850