Low Income Apartments and Affordable Housing For Rent in Munfordville, KY

Discover affordable housing in Munfordville where there are 5+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Munfordville Apartments

175 Woods Rd, Munfordville, Kentucky 42765

Edgewood Apartments

734 National Tpke, Munfordville, Kentucky 42765

Kate Cove

Old Main St, Munfordville, Kentucky 42765

Sunnyside Apts

1147 Main Street, Munfordville, Kentucky

Hartway Apts

1161 Main Street, Munfordville, Kentucky

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Munfordville, Kentucky
$16.10/hour
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Munfordville, Kentucky Affordable Housing ↓

What HUD offices serve Munfordville, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Munfordville, Kentucky.

Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Munfordville.

How many renters live in Munfordville, Kentucky?

The City of Munfordville has 1,746 people living in 728 households.

There are 858 renters living in 416 renter households in this City. Renters make up 49.14 percent of the population living in Munfordville.

What is the rental market like in Munfordville, Kentucky?

There are an estimated 791 housing units in the Munfordville area. Of these, 434 units are rental homes, making up 55 percent of the housing market. For every renter household in Munfordville, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Munfordville?

The rental vacancy rate in Munfordville is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Munfordville for each bedroom size?

Occupied Rental Units by Size in Munfordville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
44 104 168 82 15
Occupied Rental Units by Size in Munfordville

A large number of apartments in Munfordville 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 Munfordville are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 29 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 Munfordville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,132. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $647
Two BR $850
Three BR $1,093
Four BR $1,132
2024 Fair Market Rents in Munfordville, Kentucky

How many units are rented at Fair Market Rent (FMR) in Munfordville?

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 11 25 percent
One BR 80 77 percent
Two BR 143 85 percent
Rental Units Below FMR in Munfordville, Kentucky

How many affordable rental units are in Munfordville?

There are a variety of federal affordable housing programs serving households in Munfordville, Kentucky including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 157
Section 8 Project-Based Rental Assistance 80
USDA Section 515 Rural Rental Housing 66
Tracked Units by Federal Program in Munfordville, Kentucky

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Munfordville, Kentucky

Munfordville features 146 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 Munfordville, Kentucky

There are 29 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Munfordville.

Housing Choice Vouchers in Munfordville, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Munfordville, Kentucky for a two-bedroom apartment is between $765 and $935.

Sourced from federal housing data and AffordableHousingOnline.com research.