Nicholasville, Kentucky Affordable Housing

Affordable Housing programs support 200 income based apartments in Nicholasville where households pay rent based on how much they earn.

There are 484 affordable apartments in Nicholasville that offer reduced rents to low-income households.

Waiting Lists in Nicholasville, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Nicholasville. Go to the Kentucky Section 8 Waiting Lists page for openings near Nicholasville.

Edgewood East

609 Longview Dr
Nicholasville, Kentucky
Rent Assisted

Foxwood Five

308 Foxwood Dr
Nicholasville, Kentucky
Rent Assisted

Elmwood Apartments

200 Elmwood Ct
Nicholasville, Kentucky
Rent Assisted

Beacon Apartments

256 Blueberry Ln
Nicholasville, Kentucky
Rent Assisted

Briarwick Apartments

1050 Hickory Hill Dr
Nicholasville, Kentucky
Rent Assisted

Hickory Hill Townhomes

100 Andrea Dr
Nicholasville, Kentucky
Affordable

Nicholasville Greens

N Central AVE
Nicholasville, Kentucky
Affordable

Creekside Senior Apartments

N Second ST
Nicholasville, Kentucky
Affordable

Imperial Pointe, Phase V

410 Imperial Pointe
Nicholasville, Kentucky
Affordable

Staton - Groves

108 Cypress St
Nicholasville, Kentucky
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Affordable Housing Near Nicholasville

View affordable apartments and waiting lists in cities near Nicholasville

City Apartments
Wilmore, KY Affordable Housing programs support 2 apartment communities in Wilmore.

Public Housing Agencies Serving Nicholasville, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Housing Authority of Nicholasville Public Housing
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Nicholasville.

Nicholasville, Kentucky Affordable Housing Data

Income Based Apartments in Nicholasville, Kentucky

Nicholasville features 200 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 Nicholasville, Kentucky

There are 484 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicholasville.

Housing Choice Vouchers in Nicholasville, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Nicholasville, Kentucky for a two-bedroom apartment is between $923 and $1,128.

2023 Nicholasville, 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
Nicholasville, Kentucky Fair Market Rent $706 $845 $1,025 $1,396 $1,615
Nicholasville, Kentucky Payment Standard Range $635 to $777 $761 to $930 $923 to $1,128 $1,256 to $1,536 $1,454 to $1,777

Sourced from federal housing data and AffordableHousingOnline.com research.

Nicholasville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 684
Total Housing Units with Rental Assistance 200
Percentage of Housing Units Occupied By Renters 44.3%
Average Renter Household Size 2.69
Average Household Size 2.62
Median Household Income $45,026 ±$3,621
Median Rent $789 ±$39
Percentage Of Renters Overburdened 44.95% ± 6.9pp
Total Population 28,843

Population and Household Demographics

Nicholasville is a city in Jessamine County, Kentucky with a population of 28,843. There are 10,923 households in the city with an average household size of 2.62 persons. 44.3% of households in Nicholasville are renters.

Income and Rent Overburden in Nicholasville

The median gross income for households in Nicholasville is $45,026 a year, or $3,752 a month. The median rent for the city is $789 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nicholasville, a household making less than $2,630 a month would be considered overburdened when renting an apartment at or above the median rent. 44.95% of households who rent are overburdened in Nicholasville.

Area Median Income In Nicholasville

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 Nicholasville, the AMI is calculated from all households within Jessamine County.

In Nicholasville, HUD calculates the Area Median Income for a family of four as $87,300

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 Nicholasville

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 Nicholasville

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 Nicholasville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,750 $20,250 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Nicholasville AMI may qualify for rental assistance programs that target Very Low Income households.
$29,550 $33,800 $38,000 $42,200 $45,600 $49,000 $52,350 $55,750
80% AMI Income Limits
Renters earning up to 80% of the Nicholasville AMI may qualify for rental assistance programs that target Low Income households.
$47,250 $54,000 $60,750 $67,500 $72,900 $78,300 $83,700 $89,100