Affordable Housing In Rockcastle County
Kentucky

10 Low Income Apartment Communities In Rockcastle County

Castle Village

90 Castle Village Dr
Brodhead, KY
Subsidized

Valley View Apartments - Mt Vernon

3 Old Us 25
Mount Vernon, KY
Subsidized

Town Branch Apartments

70 Crawford St
Mount Vernon, KY
HCV Welcome

Cave Valley Apartments

615 Richmond St
Mount Vernon, KY
HCV Welcome

Brodhead Elderly

Rr 1
Brodhead, KY
Subsidized

Mt Vernon Manor

75 Sigmon St
Mount Vernon, KY

Mt Village Apartments

1120 W Main St
Mount Vernon, KY
HCV Welcome

Brodhead Elderly Apartments

RR 1 Box 10
Brodhead, KY
HCV Welcome

Mt Vernon Greens Apartments

Mcbee St
Mount Vernon, KY
HCV Welcome

Carter Dr and Lovell Lane

110 Carter Dr
Mount Vernon, KY
  • «
  • 1
  • »

There are 10 low income housing apartment complexes which contain 365 affordable apartments for rent in Rockcastle County. Many of these rental apartments are income based housing with 176 apartments that set rent based on your income. In Rockcastle County, HUD housing programs support 122 rental assistance apartments through programs like Project-based Section 8. There are 189 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Rockcastle County

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Rockcastle County

Housing Authority Programs
Housing Authority of Mount Vernon Public Housing

Guide To Affordable Housing in Rockcastle County, Kentucky

Rockcastle County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 365
Total Rent Assisted Apartments 176
Percentage of Housing Units Occupied By Renters 24.24%
Average Renter Household Size 2.34
Total Population 16,942
Housing Units 6,621
Average Household Size 2.51
Median Household Income $31,555 ±$2,508
Median Rent $522 ±$31
Percentage Of Renters Overburdened 38.19% ± 7.6pp

Population and Household Demographics

Rockcastle County is a County in Kentucky with a population of 16,942. There are 6,621 households in the county with an average household size of 2.51 persons. 24.24% of households in Rockcastle County are renters.

Income and Rent Overburden in Rockcastle County

The median gross income for households in Rockcastle County is $31,555 a year, or $2,630 a month. The median rent for the county is $522 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rockcastle County, a household making less than $1,740 a month would be considered overburdened when renting an apartment at or above the median rent. 38.19% of households who rent are overburdened in Rockcastle County.1

Area Median Income In Rockcastle 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 Rockcastle County, HUD calculates the Area Median Income for a family of four as $45,300

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 Rockcastle 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 Rockcastle County HUD Rental Assistance in Rockcastle 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 Rockcastle County

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

From 1992 to 2005, 4 low income apartment communities containing 101 rental apartments have been constructed and made affordable to low income persons in Rockcastle 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 Rockcastle 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 Rockcastle 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 Rockcastle 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$464 $467 $618 $859 $964

Cities In Rockcastle County

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

City Listings Served By
Brodhead 3 The HUD funded Public Housing Agency that serves Brodhead is the Kentucky Housing Corporation.
Mount Vernon 7 The HUD funded Public Housing Agencies that serve Mount Vernon are the Housing Authority of Mount Vernon and Kentucky Housing Corporation.
Livingston 0 The HUD funded Public Housing Agency that serves Livingston is the Kentucky Housing Corporation.