What HUD offices serve Pendleton County, 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 Pendleton County.
How many renters live in Pendleton County, Kentucky?
The County of Pendleton County has 14,638 people living in 5,270 households.
There are 3,624 renters living in 1,390 renter households in this County. Renters make up 24.76 percent of the population living in Pendleton County.
What is the rental market like in Pendleton County, Kentucky?
There are an estimated 6,278 housing units in the Pendleton County area. Of these, 1,687 units are rental homes, making up 27 percent of the housing market. For every renter household in Pendleton County, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Pendleton County?
The rental vacancy rate in Pendleton County is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Pendleton County for each bedroom size?
Occupied Rental Units by Size in Pendleton County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 160 | 505 | 514 | 177 |
Occupied Rental Units by Size in Pendleton County
A large number of apartments in Pendleton County 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 Pendleton County are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 29 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 Pendleton County
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 Pendleton County, Kentucky
How many units are rented at Fair Market Rent (FMR) in Pendleton County?
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 |
| Studio | 26 | 100 percent |
| One BR | 108 | 68 percent |
| Two BR | 412 | 82 percent |
Rental Units Below FMR in Pendleton County, Kentucky
How many affordable rental units are in Pendleton County?
There are a variety of federal affordable housing programs serving households in Pendleton County, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 77 |
| Public Housing | 31 |
| Section 8 Project-Based Rental Assistance | 49 |
| USDA Section 515 Rural Rental Housing | 31 |
Tracked Units by Federal Program in Pendleton County, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pendleton County, Kentucky
Pendleton County features 130 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 Pendleton County, Kentucky
There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pendleton County.
Housing Choice Vouchers in Pendleton County, Kentucky
On average, Section 8 Housing Choice vouchers pay Pendleton County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Pendleton County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pendleton County, Kentucky for a two-bedroom apartment is between $1,076 and $1,315.
Sourced from federal housing data and AffordableHousingOnline.com research.