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Affordable Housing In Munfordville
Hart County, Kentucky

5 Low Income Apartment Communities In Munfordville

Munfordville Apartments

175 Woods Rd
Munfordville, Kentucky
Call For Rent
1-3 BR

Edgewood Apartments

734 National Tpke
Munfordville, Kentucky

Kate Cove

Old Main St
Munfordville, Kentucky
Accepts Vouchers

Sunnyside Apts

1147 Main Street
Munfordville, Kentucky

Hartway Apts

1161 Main Street
Munfordville, Kentucky
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Housing Authorities that serve Munfordville

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

Guide To Affordable Housing in Munfordville, Kentucky

There are 5 low income housing apartment communities offering 175 affordable apartments for rent in Munfordville, Kentucky.

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 $568 and $694.

2020 Munfordville, 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 $494 $497 $631 $845 $1,024
Payment Standard Range $445 to $543 $447 to $547 $568 to $694 $761 to $930 $922 to $1,126

Sourced from federal housing data and research.

Munfordville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 175
Total Housing Units with Rental Assistance 146
Percentage of Housing Units Occupied By Renters 59.8%
Average Renter Household Size 2.13
Average Household Size 2.01
Median Household Income $21,800 ±$5,249
Median Rent $431 ±$43
Percentage Of Renters Overburdened 47.66% ± 10.25pp
Total Population 1,723

Population and Household Demographics

Munfordville is a city in Hart County, Kentucky with a population of 1,723. There are 786 households in the city with an average household size of 2.01 persons. 59.8% of households in Munfordville are renters.

Income and Rent Overburden in Munfordville

The median gross income for households in Munfordville is $21,800 a year, or $1,817 a month. The median rent for the city is $431 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Munfordville, a household making less than $1,437 a month would be considered overburdened when renting an apartment at or above the median rent. 47.66% of households who rent are overburdened in Munfordville.

Area Median Income In Munfordville

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 Munfordville, the AMI is calculated from all households within Hart County.

In Munfordville, HUD calculates the Area Median Income for a family of four as $48,300

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 Munfordville

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 Munfordville

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 $28,850 $31,000 $33,150 $35,250
50% of Median $18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
80% of Median $29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400