Affordable Housing In Pike County
Kentucky

11 Low Income Apartment Communities In Pike County

Elkhorn City School Apartments

400 W Russell St
Elkhorn City, KY
Call For Rent
Studio-3 BR
Accessible
HCV Welcome

Carl D. Perkins Towers

200 Douglas Pkwy
Pikeville, KY
Call For Rent
1 BR
Subsidized

Myers Towers

748 Hambley Blvd
Pikeville, KY

Elkhorn City Phase III

551 Russell St
Elkhorn City, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Douglas Elkhorn Apartments

148 Douglas Pkwy
Pikeville, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Forest Trace Apartments

106 Forest Trace Hl
Pikeville, KY

Blackberry - Mccarr Senior Housing

Ky Route 1056
Mccarr, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Phelps Senior Housing

43100 Ky Hwy 194
Phelps, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Fairview Court

109 Phyllis Ln
Pikeville, KY

Kentucky Ave Phase II

112 Kentucky Ave
Pikeville, KY
HCV Welcome

Housing Authorities that serve Pike County

Housing Authority Programs
Pike County Housing Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Pike County

Housing Authority Programs
Housing Authority of Pikeville Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Pike County, Kentucky

There are 11 low income housing apartment communities offering 701 affordable apartments for rent in Pike County, Kentucky. Pike County features 574 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 127 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pike County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Pike County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 701
Total Housing Units with Rental Assistance 574
Percentage of Housing Units Occupied By Renters 27.03%
Average Renter Household Size 2.36
Average Household Size 2.38
Median Household Income $33,183 ±$1,404
Median Rent $616 ±$26
Percentage Of Renters Overburdened 36.86% ± 3.92pp
Total Population 63,434

Population and Household Demographics

Pike County is a County in Kentucky with a population of 63,434. There are 26,124 households in the county with an average household size of 2.38 persons. 27.03% of households in Pike County are renters.

Income and Rent Overburden in Pike County

The median gross income for households in Pike County is $33,183 a year, or $2,765 a month. The median rent for the county is $616 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pike County, a household making less than $2,053 a month would be considered overburdened when renting an apartment at or above the median rent. 36.86% of households who rent are overburdened in Pike County.1

Area Median Income In Pike County

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.

In Pike County, HUD calculates the Area Median Income for a family of four as $44,800

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 Pike County

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 Pike County HUD Rental Assistance in Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
Low Income Housing Tax Credits in Pike County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2003 to 2004, 2 low income apartment communities containing 60 rental apartments have been constructed and made affordable to low income persons in Pike County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Pike County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
Fair Market Rents in Pike County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$532 $535 $690 $860 $1,054

Cities In Pike County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Elkhorn City 2 The HUD funded Public Housing Agency that serves Elkhorn City is the Pike County Housing Authority.
Pikeville 7 The HUD funded Public Housing Agencies that serve Pikeville are the Housing Authority of Pikeville and Pike County Housing Authority.
Mccarr 1 The HUD funded Public Housing Agency that serves Mccarr is the Pike County Housing Authority.
Coal Run Village 0
South Williamson 0
Virgie 0
Freeburn 0
Phelps 1