What HUD offices serve Mount Washington, 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.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Mount Washington.
How many renters live in Mount Washington, Kentucky?
The City of Mount Washington has 17,987 people living in 6,682 households.
There are 1,929 renters living in 920 renter households in this City. Renters make up 10.72 percent of the population living in Mount Washington.
What is the rental market like in Mount Washington, Kentucky?
There are an estimated 7,013 housing units in the Mount Washington area. Of these, 1,079 units are rental homes, making up 15 percent of the housing market. For every renter household in Mount Washington, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Mount Washington?
The rental vacancy rate in Mount Washington is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Mount Washington for each bedroom size?
Occupied Rental Units by Size in Mount Washington
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 41 | 149 | 415 | 251 | 42 |
Occupied Rental Units by Size in Mount Washington
A large number of apartments in Mount Washington have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Mount Washington are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 9 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Mount Washington
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $976 |
| One BR | $1,077 |
| Two BR | $1,301 |
| Three BR | $1,701 |
| Four BR | $1,955 |
2024 Fair Market Rents in Mount Washington, Kentucky
How many units are rented at Fair Market Rent (FMR) in Mount Washington?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 41 | 100 percent |
| One BR | 149 | 100 percent |
| Two BR | 357 | 86 percent |
Rental Units Below FMR in Mount Washington, Kentucky
How many affordable rental units are in Mount Washington?
There are a variety of federal affordable housing programs serving households in Mount Washington, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 200 |
| Section 8 Project-Based Rental Assistance | 40 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Mount Washington, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mount Washington, Kentucky
Mount Washington features 32 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 Washington, Kentucky
There are 176 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Washington.
Housing Choice Vouchers in Mount Washington, Kentucky
On average, Section 8 Housing Choice vouchers pay Mount Washington landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Mount Washington.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Washington, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.
Sourced from federal housing data and AffordableHousingOnline.com research.
