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Affordable Housing In Owen County

6 Low Income Apartment Communities In Owen County

Adair Hill Apartments

117 E Adair St
Owenton, Kentucky

Owenton Village II

319 N Main St
Owenton, Kentucky

Manor House Apartments

107 E Perry St
Owenton, Kentucky

Gaines Village

101 Gaines Village Dr
Owenton, Kentucky

Adair Family Apartments

119 E Adair St
Owenton, Kentucky
Accepts Vouchers

B and J Apartments

434 Roland Avenue
Owenton, Kentucky
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Housing Authorities that serve Owen County

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

Guide To Affordable Housing in Owen County, Kentucky

There are 6 low income housing apartment communities offering 131 affordable apartments for rent in Owen County, Kentucky.

Income Based Apartments in Owen County, Kentucky

Owen County features 119 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 Owen County, Kentucky

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owen County.

Housing Choice Vouchers in Owen County, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Owen County, Kentucky for a two-bedroom apartment is between $576 and $704.

2020 Owen County, 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 $455 $486 $640 $823 $983
Payment Standard Range $410 to $501 $437 to $535 $576 to $704 $741 to $905 $885 to $1,081

Sourced from federal housing data and research.

Owen County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 131
Total Housing Units with Rental Assistance 119
Percentage of Housing Units Occupied By Renters 24.47%
Average Renter Household Size 2.72
Average Household Size 2.59
Median Household Income $41,934 ±$4,265
Median Rent $565 ±$71
Percentage Of Renters Overburdened 37.46% ± 8.39pp
Total Population 10,711

Population and Household Demographics

Owen County is a county in Kentucky with a population of 10,711. There are 4,123 households in the county with an average household size of 2.59 persons. 24.47% of households in Owen County are renters.

Income and Rent Overburden in Owen County

The median gross income for households in Owen County is $41,934 a year, or $3,495 a month. The median rent for the county is $565 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Owen County, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 37.46% of households who rent are overburdened in Owen County.

Area Median Income In Owen County

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.

In Owen County, HUD calculates the Area Median Income for a family of four as $54,700

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 Owen County

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 Owen County

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 $29,550 $31,750 $33,950 $36,150
50% of Median $19,150 $21,900 $24,650 $27,350 $29,550 $31,750 $33,950 $36,150
80% of Median $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750

Cities In Owen County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Gratz The HUD funded Public Housing Agency that serves Gratz is the Kentucky Housing Corporation.
Monterey The HUD funded Public Housing Agency that serves Monterey is the Kentucky Housing Corporation.
Owenton The HUD funded Public Housing Agencies that serve Owenton are the Housing Authority of Owenton and Kentucky Housing Corporation.