Affordable Housing In Salvisa
Mercer County, Kentucky

Affordable Housing programs support 0 income based apartments in Salvisa where households pay rent based on how much they earn.

There are 0 affordable apartments in Salvisa that offer reduced rents to low-income households.

Waiting Lists in Salvisa, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Salvisa. Go to the Kentucky Section 8 Waiting Lists page for openings near Salvisa.

Affordable Housing Near Salvisa

View affordable apartments and waiting lists in cities near Salvisa

City Apartments
Affordable Housing In Harrodsburg, KY Affordable Housing programs support 6 apartment communities in Harrodsburg.

Public Housing Agencies Serving Salvisa, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Salvisa.

Salvisa, Kentucky Affordable Housing Data

Income Based Apartments in Salvisa, Kentucky

Salvisa features 0 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 Salvisa, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salvisa.

Housing Choice Vouchers in Salvisa, Kentucky

On average, Section 8 Housing Choice vouchers pay Salvisa landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Salvisa.

The maximum amount a voucher would pay on behalf of a low-income tenant in Salvisa, Kentucky for a two-bedroom apartment is between $668 and $816.

2023 Salvisa, 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
Salvisa, Kentucky Fair Market Rent $538 $576 $742 $993 $997
Salvisa, Kentucky Payment Standard Range $484 to $592 $518 to $634 $668 to $816 $894 to $1,092 $897 to $1,097

Sourced from federal housing data and AffordableHousingOnline.com research.

Salvisa, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 48.57%
Average Renter Household Size 2.99
Average Household Size 2.29
Median Household Income $55,042 ±$44,995
Median Rent $693 ±$137
Percentage Of Renters Overburdened 3.36% ± 17.59pp
Total Population 562

Population and Household Demographics

Salvisa is a city in Mercer County, Kentucky with a population of 562. There are 245 households in the city with an average household size of 2.29 persons. 48.57% of households in Salvisa are renters.

Income and Rent Overburden in Salvisa

The median gross income for households in Salvisa is $55,042 a year, or $4,587 a month. The median rent for the city is $693 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Salvisa, a household making less than $2,310 a month would be considered overburdened when renting an apartment at or above the median rent. 3.36% of households who rent are overburdened in Salvisa.

Area Median Income In Salvisa

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 Salvisa, the AMI is calculated from all households within Mercer County.

In Salvisa, HUD calculates the Area Median Income for a family of four as $75,100

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 Salvisa

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 Salvisa

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Salvisa AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,400 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Salvisa AMI may qualify for rental assistance programs that target Very Low Income households.
$25,700 $29,400 $33,050 $36,700 $39,650 $42,600 $45,550 $48,450
80% AMI Income Limits
Renters earning up to 80% of the Salvisa AMI may qualify for rental assistance programs that target Low Income households.
$41,100 $47,000 $52,850 $58,700 $63,400 $68,100 $72,800 $77,500