Affordable Housing In Pike County
16 Low Income Apartment Communities In Pike County
Housing Authorities that serve Pike County
|Pike County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Pike County, Kentucky
There are 16 low income housing apartment communities offering 893 affordable apartments for rent in Pike County, Kentucky.
Income Based Apartments in Pike County, Kentucky
Pike County features 710 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 Pike County, Kentucky
There are 183 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pike County.
Housing Choice Vouchers in Pike County, Kentucky
On average, Section 8 Housing Choice vouchers pay Pike County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Pike County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pike County, Kentucky for a two-bedroom apartment is between $621 and $759.
2020 Pike County, 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.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$532||$535||$690||$860||$1,054|
|Payment Standard Range||$479 to $585||$482 to $589||$621 to $759||$774 to $946||$949 to $1,159|
Sourced from federal housing data and AffordableHousingOnline.com research.
Pike County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||16|
|Total Low Income Apartments||893|
|Total Housing Units with Rental Assistance||710|
|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|
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.
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 $43,600
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 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||$12,760||$17,240||$21,720||$26,200||$28,850||$31,000||$33,150||$35,250|
|50% of Median||$18,700||$21,400||$24,050||$26,700||$28,850||$31,000||$33,150||$35,250|
|80% of Median||$29,900||$34,200||$38,450||$42,700||$46,150||$49,550||$52,950||$56,400|
Cities In Pike County
Select A City to View its Apartment Communities and Waiting Lists.
|Coal Run Village|
|Elkhorn City||The HUD funded Public Housing Agency that serves Elkhorn City is the Pike County Housing Authority.|
|Mccarr||The HUD funded Public Housing Agency that serves Mccarr is the Pike County Housing Authority.|
|Pikeville||The HUD funded Public Housing Agencies that serve Pikeville are the Housing Authority of Pikeville and Pike County Housing Authority.|