What HUD offices serve Park Hills, 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 Park Hills.
How many renters live in Park Hills, Kentucky?
The City of Park Hills has people living in households.
There are renters living in renter households in this City. Renters make up 28.27 percent of the population living in Park Hills.
What is the rental market like in Park Hills, Kentucky?
There are an estimated housing units in the Park Hills area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Park Hills, Kentucky, there are 1.27 rental units.
What is the vacancy rate for rentals in Park Hills?
The rental vacancy rate in Park Hills is 21 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 Park Hills for each bedroom size?
Occupied Rental Units by Size in Park Hills
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 189 | 239 | 52 | 0 |
Occupied Rental Units by Size in Park Hills
A large number of apartments in Park Hills 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 Park Hills
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $810 |
| One BR | $919 |
| Two BR | $1,195 |
| Three BR | $1,588 |
| Four BR | $1,766 |
2024 Fair Market Rents in Park Hills, Kentucky
How many units are rented at Fair Market Rent (FMR) in Park Hills?
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 | 120 | 63 percent |
| Two BR | 197 | 82 percent |
Rental Units Below FMR in Park Hills, Kentucky
How many affordable rental units are in Park Hills?
There are a variety of federal affordable housing programs serving households in Park Hills, Kentucky including the following:
| Federal Program | Unit Count |
| Public Housing |
Tracked Units by Federal Program in Park Hills, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Park Hills, Kentucky
Park Hills features 0 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 Park Hills, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Park Hills.
Housing Choice Vouchers in Park Hills, Kentucky
On average, Section 8 Housing Choice vouchers pay Park Hills landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Park Hills.
The maximum amount a voucher would pay on behalf of a low-income tenant in Park Hills, Kentucky for a two-bedroom apartment is between $1,076 and $1,315.
Sourced from federal housing data and AffordableHousingOnline.com research.