What HUD offices serve Owenton, 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 Owenton.
How many renters live in Owenton, Kentucky?
The City of Owenton has people living in households.
There are renters living in renter households in this City. Renters make up 39.57 percent of the population living in Owenton.
What is the rental market like in Owenton, Kentucky?
There are an estimated housing units in the Owenton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Owenton, Kentucky, there are 1.16 rental units.
What is the vacancy rate for rentals in Owenton?
The rental vacancy rate in Owenton is 14 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 Owenton for each bedroom size?
Occupied Rental Units by Size in Owenton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 127 | 88 | 45 | 0 |
Occupied Rental Units by Size in Owenton
A large number of apartments in Owenton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Owenton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $649 to $1,217. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $649 |
| One BR | $681 |
| Two BR | $895 |
| Three BR | $1,135 |
| Four BR | $1,217 |
2024 Fair Market Rents in Owenton, Kentucky
How many units are rented at Fair Market Rent (FMR) in Owenton?
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 |
| One BR | 111 | 87 percent |
| Two BR | 58 | 66 percent |
Rental Units Below FMR in Owenton, Kentucky
How many affordable rental units are in Owenton?
There are a variety of federal affordable housing programs serving households in Owenton, Kentucky including the following:
| Federal Program | Unit Count |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Owenton, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Owenton, Kentucky
Owenton features 111 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 Owenton, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owenton.
Housing Choice Vouchers in Owenton, Kentucky
On average, Section 8 Housing Choice vouchers pay Owenton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Owenton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Owenton, Kentucky for a two-bedroom apartment is between $806 and $985.
Sourced from federal housing data and AffordableHousingOnline.com research.