Affordable Housing In Pikeville
Pike County, Kentucky

7 Low Income Apartment Communities In Pikeville

Carl D. Perkins Towers

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

Myers Towers

748 Hambley Blvd
Pikeville, Kentucky

Douglas Elkhorn Apartments

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

Forest Trace Apartments

106 Forest Trace Hl
Pikeville, Kentucky

Fairview Court

109 Phyllis Ln
Pikeville, Kentucky

Kentucky Ave Phase II

112 Kentucky Ave
Pikeville, Kentucky
Accepts Vouchers

Kentucky Avenue Phase IV

Kentucky Ave
Pikeville, Kentucky
Accepts Vouchers
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Housing Authorities that serve Pikeville

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

Guide To Affordable Housing in Pikeville, Kentucky

There are 7 low income housing apartment communities offering 610 affordable apartments for rent in Pikeville, Kentucky.

Income Based Apartments in Pikeville, Kentucky

Pikeville features 510 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 Pikeville, Kentucky

There are 100 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pikeville.

Housing Choice Vouchers in Pikeville, Kentucky

On average, Section 8 Housing Choice vouchers pay Pikeville landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Pikeville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pikeville, Kentucky for a two-bedroom apartment is between $621 and $759.

2020 Pikeville, 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.

Pikeville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 610
Total Housing Units with Rental Assistance 510
Percentage of Housing Units Occupied By Renters 52.72%
Average Renter Household Size 2.06
Average Household Size 2.24
Median Household Income $41,270 ±$6,295
Median Rent $630 ±$92
Percentage Of Renters Overburdened 36.23% ± 8.65pp
Total Population 7,038

Population and Household Demographics

Pikeville is a City in Pike County, Kentucky with a population of 7,038. There are 2,817 households in the city with an average household size of 2.24 persons. 52.72% of households in Pikeville are renters.

Income and Rent Overburden in Pikeville

The median gross income for households in Pikeville is $41,270 a year, or $3,439 a month. The median rent for the city is $630 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pikeville, a household making less than $2,100 a month would be considered overburdened when renting an apartment at or above the median rent. 36.23% of households who rent are overburdened in Pikeville.1

Area Median Income In Pikeville

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Pikeville, the AMI is calculated from all households within Pike County.

In Pikeville, 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 Pikeville

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 Pikeville

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