Low Income Apartments and Affordable Housing For Rent in Paris, KY

What HUD offices serve 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.

Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Paris.

How many renters live in Paris, Kentucky?

The City of Paris has 10,143 people living in 4,050 households.

There are 4,226 renters living in 1,790 renter households in this City. Renters make up 41.66 percent of the population living in Paris.

What is the rental market like in Paris, Kentucky?

There are an estimated 4,659 housing units in the Paris area. Of these, 1,967 units are rental homes, making up 42 percent of the housing market. For every renter household in Paris, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Paris?

The rental vacancy rate in Paris is 7 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 Paris for each bedroom size?

A large number of apartments in Paris have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Paris are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 28 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Paris

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $802 to $1,807. FMRs are updated annually by HUD for every city and county nationwide.

How many units are rented at Fair Market Rent (FMR) in Paris?

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:

How many affordable rental units are in Paris?

There are a variety of federal affordable housing programs serving households in Paris, Kentucky including the following:

Income Based Apartments in Paris, Kentucky

Paris features 317 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 300 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 $1,059 and $1,295.

Sourced from federal housing data and AffordableHousingOnline.com research.