Affordable Housing In Mount Sterling
Montgomery County, Kentucky

7 Low Income Apartment Communities In Mount Sterling

Main Cross Apartments

8 E Main St
Mount Sterling, Kentucky
Call For Rent
1-2 BR

Montgomery Square Apartments

1376 Indian Mound Dr
Mount Sterling, Kentucky

Wood Hill Apartments

801 Hawkins Dr
Mount Sterling, Kentucky

Sterling Oaks

118 Ronameki Dr
Mount Sterling, Kentucky
Disabled Supportive Housing

Whitledge Hgts Add

306 W Main St
Mount Sterling, Kentucky

The Redmond Building

41 N Maysville St
Mount Sterling, Kentucky


Main And Maysville Sts
Mount Sterling, Kentucky
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Section 8 Vouchers, Apartments, and Waiting Lists in Mount Sterling, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Mount Sterling, Kentucky

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

Guide To Affordable Housing in Mount Sterling, Kentucky

There are 7 low income housing apartment communities offering 423 affordable apartments for rent in Mount Sterling, Kentucky.

Income Based Apartments in Mount Sterling, Kentucky

Mount Sterling features 303 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 Sterling, Kentucky

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Sterling.

Housing Choice Vouchers in Mount Sterling, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Sterling, Kentucky for a two-bedroom apartment is between $634 and $774.

2022 Mount Sterling, 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
Mount Sterling, Kentucky Fair Market Rent $504 $613 $704 $972 $1,080
Mount Sterling, Kentucky Payment Standard Range $454 to $554 $552 to $674 $634 to $774 $875 to $1,069 $972 to $1,188

Sourced from federal housing data and research.

Mount Sterling, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 423
Total Housing Units with Rental Assistance 303
Percentage of Housing Units Occupied By Renters 50.96%
Average Renter Household Size 2.39
Average Household Size 2.36
Median Household Income $40,754 ±$4,001
Median Rent $622 ±$45
Percentage Of Renters Overburdened 32.82% ± 10.21pp
Total Population 7,078

Population and Household Demographics

Mount Sterling is a city in Montgomery County, Kentucky with a population of 7,078. There are 2,918 households in the city with an average household size of 2.36 persons. 50.96% of households in Mount Sterling are renters.

Income and Rent Overburden in Mount Sterling

The median gross income for households in Mount Sterling is $40,754 a year, or $3,396 a month. The median rent for the city is $622 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Sterling, a household making less than $2,073 a month would be considered overburdened when renting an apartment at or above the median rent. 32.82% of households who rent are overburdened in Mount Sterling.

Area Median Income In Mount Sterling

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 Sterling, the AMI is calculated from all households within Montgomery County.

In Mount Sterling, HUD calculates the Area Median Income for a family of four as $55,000

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 Sterling

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 Sterling

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Mount Sterling AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,700 $31,900 $34,100 $36,300
50% AMI Income Limits
Renters earning up to 50% of the Mount Sterling AMI may qualify for rental assistance programs that target Very Low Income households.
$19,250 $22,000 $24,750 $27,500 $29,700 $31,900 $34,100 $36,300
80% AMI Income Limits
Renters earning up to 80% of the Mount Sterling AMI may qualify for rental assistance programs that target Low Income households.
$30,800 $35,200 $39,600 $44,000 $47,550 $51,050 $54,600 $58,100