Affordable Housing In Paducah
McCracken County, Kentucky

18 Low Income Apartment Communities In Paducah

Lone Oak Manor Apartments

650 College Ave
Paducah, KY
Call For Rent
1-3 BR

Fernwood Homes

710 Lone Oak Rd
Paducah, KY
Income Based
2 BR

Riverwood Group Home

421 S 9th St
Paducah, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Whittier Apartments

1301 N 13th St
Paducah, KY
Subsidized

Irvin Cobb Apartments

600 Broadway St
Paducah, KY
Subsidized

Jackson House

301 S 9th St
Paducah, KY
Subsidized

Mcauley Manor

631 McAuley Dr
Paducah, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

W B Sanders Retirement Center

820 Washington St
Paducah, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Paducah Highland Terrace

1110 Old North Friendship Rd
Paducah, KY
Subsidized

Dudley Court Apartments

801 McGuire Ave
Paducah, KY
Subsidized

There are 18 low income housing apartment complexes which contain 1,980 affordable apartments for rent in Paducah. Many of these rental apartments are income based housing with 1,842 apartments that set rent based on your income. In Paducah, HUD housing programs support 822 rental assistance apartments through programs like Project-based Section 8. There are 62 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Paducah

Housing Authority Programs
Housing Authority of Paducah - Public Housing Public Housing
Housing Authority of Paducah - Section 8 Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Paducah, Kentucky

Paducah, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 1,980
Total Rent Assisted Apartments 1,842
Percentage of Housing Units Occupied By Renters 48.38%
Average Renter Household Size 1.94
Total Population 25,001
Housing Units 11,306
Average Household Size 2.11
Median Household Income $33,608 ±$2,995
Median Rent $575 ±$16
Percentage Of Renters Overburdened 43.95% ± 5.34pp

Population and Household Demographics

Paducah is a City in McCracken County, Kentucky with a population of 25,001. There are 11,306 households in the city with an average household size of 2.11 persons. 48.38% of households in Paducah are renters.

Income and Rent Overburden in Paducah

The median gross income for households in Paducah is $33,608 a year, or $2,801 a month. The median rent for the city is $575 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Paducah, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 43.95% of households who rent are overburdened in Paducah.1

Area Median Income In Paducah

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 Paducah, the AMI is calculated from all households within McCracken County.

In Paducah, HUD calculates the Area Median Income for a family of four as $58,400

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 Paducah

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 Paducah HUD Rental Assistance in Paducah

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,900 $36,250 $38,550
50% of Median $20,450 $23,400 $26,300 $29,200 $31,550 $33,900 $36,250 $38,550
80% of Median $32,700 $37,400 $42,050 $46,700 $50,450 $54,200 $57,950 $61,650
Low Income Housing Tax Credits in Paducah

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1999 to 2008, 2 low income apartment communities containing 60 rental apartments have been constructed and made affordable to low income persons in Paducah by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Paducah

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,450 $23,400 $26,300 $29,200 $31,550 $33,900 $36,250 $38,550
60% of Median $24,540 $28,080 $31,560 $35,040 $37,860 $40,680 $43,500 $46,260

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Paducah is $31,560 a year, or $2,630 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,630 by 30% to get a maximum rent of $789 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $511 $548 $658 $759 $848 $935
60% $614 $658 $789 $911 $1,017 $1,122
Fair Market Rents in Paducah

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$468 $551 $729 $922 $1,109