What HUD offices serve Science Hill, 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.
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Science Hill.
How many renters live in Science Hill, Kentucky?
The City of Science Hill has 714 people living in 260 households.
There are 178 renters living in 72 renter households in this City. Renters make up 24.93 percent of the population living in Science Hill.
What is the rental market like in Science Hill, Kentucky?
There are an estimated 293 housing units in the Science Hill area. Of these, 84 units are rental homes, making up 29 percent of the housing market. For every renter household in Science Hill, Kentucky, there are 1 rental units.
What is the vacancy rate for rentals in Science Hill?
The rental vacancy rate in Science Hill is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Science Hill for each bedroom size?
Occupied Rental Units by Size in Science Hill
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 9 | 24 | 19 | 20 |
Occupied Rental Units by Size in Science Hill
A large number of apartments in Science Hill have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Science Hill are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 38 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Science Hill
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $618 to $1,351. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $618 |
| One BR | $699 |
| Two BR | $912 |
| Three BR | $1,107 |
| Four BR | $1,351 |
2024 Fair Market Rents in Science Hill, Kentucky
How many units are rented at Fair Market Rent (FMR) in Science Hill?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 8 | 89 percent |
| Two BR | 19 | 79 percent |
Rental Units Below FMR in Science Hill, Kentucky
How many affordable rental units are in Science Hill?
There are a variety of federal affordable housing programs serving households in Science Hill, Kentucky including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 10 |
Tracked Units by Federal Program in Science Hill, Kentucky
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Science Hill, Kentucky
Science Hill 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 Science Hill, Kentucky
There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Science Hill.
Housing Choice Vouchers in Science Hill, Kentucky
On average, Section 8 Housing Choice vouchers pay Science Hill landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Science Hill.
The maximum amount a voucher would pay on behalf of a low-income tenant in Science Hill, Kentucky for a two-bedroom apartment is between $821 and $1,003.
Sourced from federal housing data and AffordableHousingOnline.com research.
