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.

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.

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