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Affordable Housing In Morgantown
Butler County, Kentucky

11 Low Income Apartment Communities In Morgantown

Oak Hill Apartments

155 Oak Hill Dr
Morgantown, Kentucky
Subsidized

Oak Valley Apartments

250 Oak Valley Dr
Morgantown, Kentucky
Subsidized

Sunmark Apartments

500 Boat Factory Rd
Morgantown, Kentucky

Butler Properties Ltd

222 S Tyler St
Morgantown, Kentucky

Green Acres Apartments

204 N Warren St
Morgantown, Kentucky
Subsidized

Sunmark Apartments

16 Brittney Way
Morgantown, Kentucky
Accepts Vouchers

Huff - Ingram

101 Kent Manor Dr
Morgantown, Kentucky

Jenny Lynn Apartments

S Teddy Ave
Morgantown, Kentucky
Accepts Vouchers

Jenny Lynn Prop Ltd

1001 Old Hartford Rd
Morgantown, Kentucky

Butler Manor

S Tyler St
Morgantown, Kentucky
Accepts Vouchers

Housing Authorities that serve Morgantown

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

Guide To Affordable Housing in Morgantown, Kentucky

There are 11 low income housing apartment communities offering 430 affordable apartments for rent in Morgantown, Kentucky.

Income Based Apartments in Morgantown, Kentucky

Morgantown features 260 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 Morgantown, Kentucky

There are 170 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morgantown.

Housing Choice Vouchers in Morgantown, Kentucky

On average, Section 8 Housing Choice vouchers pay Morgantown landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Morgantown.

The maximum amount a voucher would pay on behalf of a low-income tenant in Morgantown, Kentucky for a two-bedroom apartment is between $568 and $694.

2020 Morgantown, 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 $476 $479 $631 $875 $926
Payment Standard Range $428 to $524 $431 to $527 $568 to $694 $788 to $963 $833 to $1,019

Sourced from federal housing data and AffordableHousingOnline.com research.

Morgantown, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 430
Total Housing Units with Rental Assistance 260
Percentage of Housing Units Occupied By Renters 62.3%
Average Renter Household Size 2.44
Average Household Size 2.28
Median Household Income $14,254 ±$3,499
Median Rent $455 ±$57
Percentage Of Renters Overburdened 46.93% ± 12.94pp
Total Population 2,681

Population and Household Demographics

Morgantown is a city in Butler County, Kentucky with a population of 2,681. There are 1,098 households in the city with an average household size of 2.28 persons. 62.3% of households in Morgantown are renters.

Income and Rent Overburden in Morgantown

The median gross income for households in Morgantown is $14,254 a year, or $1,188 a month. The median rent for the city is $455 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Morgantown, a household making less than $1,517 a month would be considered overburdened when renting an apartment at or above the median rent. 46.93% of households who rent are overburdened in Morgantown.

Area Median Income In Morgantown

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 Morgantown, the AMI is calculated from all households within Butler County.

In Morgantown, HUD calculates the Area Median Income for a family of four as $54,600

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 Morgantown

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 Morgantown

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 $29,500 $31,700 $33,900 $36,050
50% of Median $19,150 $21,850 $24,600 $27,300 $29,500 $31,700 $33,900 $36,050
80% of Median $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700