Affordable Housing In Paris
Bourbon County, Kentucky

Affordable Housing programs support 373 income based apartments in Paris where households pay rent based on how much they earn.

There are 272 affordable apartments in Paris that offer reduced rents to low-income households.

Waiting Lists in Paris, Kentucky

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

Rucker Village Apartments

201 Kelly Street
Paris, Kentucky
Income Based
1-3 BR
Rent Assisted

Hopewell Apartments

13 Spears Street
Paris, Kentucky
Affordable

Thoroughbred Acres

1904 Lovers Ln
Paris, Kentucky
Rent Assisted

Williamsburg Terrace Apartments

101 Williamsburg Ter
Paris, Kentucky
Rent Assisted

Progressive Homes Apartments

428 Hanson St
Paris, Kentucky
Rent Assisted

Bourbon Trace Apartments, Phase I

1940 Cypress Street
Paris, Kentucky

Bourbon Trace Apartments, Phase II

1940 Cypress Street
Paris, Kentucky

Stoner Creek Village Apartments

3299 N Middletown Rd
Paris, Kentucky
Rent Assisted

Kellie Lane

700 Sharon Ln
Paris, Kentucky
Affordable

Paris Pointe

100 Lilly Ln
Paris, Kentucky
Affordable
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Affordable Housing Near Paris

View affordable apartments and waiting lists in cities near Paris

City Apartments
Affordable Housing In Millersburg, KY Affordable Housing programs support 1 apartment communities in Millersburg.

Public Housing Agencies Serving Paris, 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 Paris Public Housing
Paris-Bourbon County Community Dev. Agency Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Paris.

Paris, Kentucky Affordable Housing Data

Income Based Apartments in Paris, Kentucky

Paris features 373 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 Paris, Kentucky

There are 272 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Paris.

Housing Choice Vouchers in Paris, Kentucky

On average, Section 8 Housing Choice vouchers pay Paris landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Paris.

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

2023 Paris, 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
Paris, Kentucky Fair Market Rent $706 $845 $1,025 $1,396 $1,615
Paris, 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.

Paris, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 645
Total Housing Units with Rental Assistance 373
Percentage of Housing Units Occupied By Renters 49.89%
Average Renter Household Size 2.35
Average Household Size 2.42
Median Household Income $37,109 ±$5,363
Median Rent $687 ±$41
Percentage Of Renters Overburdened 48.38% ± 9.21pp
Total Population 9,831

Population and Household Demographics

Paris is a city in Bourbon County, Kentucky with a population of 9,831. There are 3,957 households in the city with an average household size of 2.42 persons. 49.89% of households in Paris are renters.

Income and Rent Overburden in Paris

The median gross income for households in Paris is $37,109 a year, or $3,092 a month. The median rent for the city is $687 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Paris, a household making less than $2,290 a month would be considered overburdened when renting an apartment at or above the median rent. 48.38% of households who rent are overburdened in Paris.

Area Median Income In Paris

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 Paris, the AMI is calculated from all households within Bourbon County.

In Paris, 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 Paris

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 Paris

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 Paris 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 Paris 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 Paris 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