Affordable Housing In Russell County
7 Low Income Apartment Communities In Russell County
Housing Authorities that serve Russell County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Russell County, Kentucky
There are 7 low income housing apartment communities offering 217 affordable apartments for rent in Russell County, Kentucky.
Income Based Apartments in Russell County, Kentucky
Russell County features 193 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 Russell County, Kentucky
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Russell County.
Housing Choice Vouchers in Russell County, Kentucky
On average, Section 8 Housing Choice vouchers pay Russell County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Russell County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Russell County, Kentucky for a two-bedroom apartment is between $568 and $694.
2020 Russell 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||$522||$526||$631||$840||$1,108|
|Payment Standard Range||$470 to $574||$473 to $579||$568 to $694||$756 to $924||$997 to $1,219|
Sourced from federal housing data and AffordableHousingOnline.com research.
Russell County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||217|
|Total Housing Units with Rental Assistance||193|
|Percentage of Housing Units Occupied By Renters||26.57%|
|Average Renter Household Size||2.52|
|Average Household Size||2.48|
|Median Household Income||$30,720 ±$1,909|
|Median Rent||$508 ±$24|
|Percentage Of Renters Overburdened||39.62% ± 7.86pp|
Population and Household Demographics
Russell County is a county in Kentucky with a population of 17,669. There are 7,050 households in the county with an average household size of 2.48 persons. 26.57% of households in Russell County are renters.
Income and Rent Overburden in Russell County
The median gross income for households in Russell County is $30,720 a year, or $2,560 a month. The median rent for the county is $508 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Russell County, a household making less than $1,693 a month would be considered overburdened when renting an apartment at or above the median rent. 39.62% of households who rent are overburdened in Russell County.
Area Median Income In Russell 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 Russell County, HUD calculates the Area Median Income for a family of four as $46,000
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 Russell 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 Russell 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 Russell County
Select A City to View its Apartment Communities and Waiting Lists.
|Jamestown||The HUD funded Public Housing Agency that serves Jamestown is the Kentucky Housing Corporation.|
|Russell Springs||The HUD funded Public Housing Agency that serves Russell Springs is the Kentucky Housing Corporation.|