Affordable Housing In Mount Olivet
Robertson County, Kentucky

1 Low Income Apartment Communities In Mount Olivet

Robertson Square Apartments

101 Walnut St
Mount Olivet, Kentucky
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Housing Authorities that serve Mount Olivet

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

Guide To Affordable Housing in Mount Olivet, Kentucky

There are 1 low income housing apartment communities offering 114 affordable apartments for rent in Mount Olivet, Kentucky.

Income Based Apartments in Mount Olivet, Kentucky

Mount Olivet 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 Mount Olivet, Kentucky

There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Olivet.

Housing Choice Vouchers in Mount Olivet, Kentucky

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

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

2020 Mount Olivet, 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 $856
Payment Standard Range $403 to $493 $431 to $527 $568 to $694 $707 to $865 $770 to $942

Sourced from federal housing data and AffordableHousingOnline.com research.

Mount Olivet, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 114
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 51.81%
Average Renter Household Size 1.63
Average Household Size 2.06
Median Household Income $19,191 ±$2,813
Median Rent $507 ±$52
Percentage Of Renters Overburdened 68% ± 14.92pp
Total Population 397

Population and Household Demographics

Mount Olivet is a City in Robertson County, Kentucky with a population of 397. There are 193 households in the city with an average household size of 2.06 persons. 51.81% of households in Mount Olivet are renters.

Income and Rent Overburden in Mount Olivet

The median gross income for households in Mount Olivet is $19,191 a year, or $1,599 a month. The median rent for the city is $507 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Olivet, a household making less than $1,690 a month would be considered overburdened when renting an apartment at or above the median rent. 68% of households who rent are overburdened in Mount Olivet.1

Area Median Income In Mount Olivet

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 Mount Olivet, the AMI is calculated from all households within Robertson County.

In Mount Olivet, HUD calculates the Area Median Income for a family of four as $50,800

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 Mount Olivet

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 Mount Olivet

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100