Affordable Housing In Salyersville
Magoffin County, Kentucky

3 Low Income Apartment Communities In Salyersville

Uptown Apartments

79 Scott Ave
Salyersville, Kentucky
Subsidized

Pinewood Townhomes : Rental

615 Gardner Trl
Salyersville, Kentucky
Accepts Vouchers

Allen Drive Apartments

540 Allen Dr
Salyersville, Kentucky
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Housing Authorities that serve Salyersville

Housing Authority Programs
Housing Authority of SalyersvilleMagoffin Co. Public Housing
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Salyersville, Kentucky

There are 3 low income housing apartment communities offering 86 affordable apartments for rent in Salyersville, Kentucky.

Income Based Apartments in Salyersville, Kentucky

Salyersville features 75 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 Salyersville, Kentucky

There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salyersville.

Housing Choice Vouchers in Salyersville, Kentucky

On average, Section 8 Housing Choice vouchers pay Salyersville landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Salyersville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Salyersville, Kentucky for a two-bedroom apartment is between $568 and $694.

2020 Salyersville, 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 $448 $538 $631 $801 $856
Payment Standard Range $403 to $493 $484 to $592 $568 to $694 $721 to $881 $770 to $942

Sourced from federal housing data and AffordableHousingOnline.com research.

Salyersville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 86
Total Housing Units with Rental Assistance 75
Percentage of Housing Units Occupied By Renters 48.08%
Average Renter Household Size 1.89
Average Household Size 2.29
Median Household Income $21,384 ±$6,945
Median Rent $430 ±$35
Percentage Of Renters Overburdened 56.21% ± 16.59pp
Total Population 1,754

Population and Household Demographics

Salyersville is a City in Magoffin County, Kentucky with a population of 1,754. There are 703 households in the city with an average household size of 2.29 persons. 48.08% of households in Salyersville are renters.

Income and Rent Overburden in Salyersville

The median gross income for households in Salyersville is $21,384 a year, or $1,782 a month. The median rent for the city is $430 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Salyersville, a household making less than $1,433 a month would be considered overburdened when renting an apartment at or above the median rent. 56.21% of households who rent are overburdened in Salyersville.1

Area Median Income In Salyersville

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 Salyersville, the AMI is calculated from all households within Magoffin County.

In Salyersville, HUD calculates the Area Median Income for a family of four as $39,200

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 Salyersville

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 Salyersville

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