Millersburg, Kentucky Affordable Housing

Affordable Housing programs support 50 income based apartments in Millersburg where households pay rent based on how much they earn.

There are 0 affordable apartments in Millersburg that offer reduced rents to low-income households.

Waiting Lists in Millersburg, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Millersburg. Go to the Kentucky Section 8 Waiting Lists page for openings near Millersburg.

Millersburg Place Apartments

804 Main Street
Millersburg, Kentucky
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1-3 BR
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Affordable Housing Near Millersburg

View affordable apartments and waiting lists in cities near Millersburg

City Apartments
Paris, KY Affordable Housing programs support 18 apartment communities in Paris.

Public Housing Agencies Serving Millersburg, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Paris-Bourbon County Community Dev. Agency Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Millersburg.

Millersburg, Kentucky Affordable Housing Data

Income Based Apartments in Millersburg, Kentucky

Millersburg features 50 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 Millersburg, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Millersburg.

Housing Choice Vouchers in Millersburg, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Millersburg, Kentucky for a two-bedroom apartment is between $923 and $1,128.

2023 Millersburg, 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
Millersburg, Kentucky Fair Market Rent $706 $845 $1,025 $1,396 $1,615
Millersburg, Kentucky Payment Standard Range $635 to $777 $761 to $930 $923 to $1,128 $1,256 to $1,536 $1,454 to $1,777

Sourced from federal housing data and AffordableHousingOnline.com research.

Millersburg, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 50
Total Housing Units with Rental Assistance 50
Percentage of Housing Units Occupied By Renters 39.39%
Average Renter Household Size 2.56
Average Household Size 2.48
Median Household Income $40,750 ±$12,769
Median Rent $614 ±$323
Percentage Of Renters Overburdened 31.47% ± 17.91pp
Total Population 911

Population and Household Demographics

Millersburg is a city in Bourbon County, Kentucky with a population of 911. There are 363 households in the city with an average household size of 2.48 persons. 39.39% of households in Millersburg are renters.

Income and Rent Overburden in Millersburg

The median gross income for households in Millersburg is $40,750 a year, or $3,396 a month. The median rent for the city is $614 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Millersburg, a household making less than $2,047 a month would be considered overburdened when renting an apartment at or above the median rent. 31.47% of households who rent are overburdened in Millersburg.

Area Median Income In Millersburg

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 Millersburg, the AMI is calculated from all households within Bourbon County.

In Millersburg, HUD calculates the Area Median Income for a family of four as $87,300

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 Millersburg

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 Millersburg

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30% AMI Income Limits
Renters earning up to 30% of the Millersburg AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,750 $20,250 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Millersburg AMI may qualify for rental assistance programs that target Very Low Income households.
$29,550 $33,800 $38,000 $42,200 $45,600 $49,000 $52,350 $55,750
80% AMI Income Limits
Renters earning up to 80% of the Millersburg AMI may qualify for rental assistance programs that target Low Income households.
$47,250 $54,000 $60,750 $67,500 $72,900 $78,300 $83,700 $89,100