Affordable Housing In Scott County

17 Low Income Apartment Communities In Scott County

Southern Oak Apartments

174 Fairfax Way
Georgetown, KY

Trinity Apartments

400 Trinity Dr
Georgetown, KY
Elderly Supportive Housing

Springhill Terrace Apartments

206 Elizabeth Street
Georgetown, KY
HCV Welcome

Georgetown Terrace Apartments, Phase I

1075 Degaris Mill Road
Georgetown, KY

Windsor Place Apartments

110 Greenbriar Dr
Georgetown, KY

Georgetown Terrace Apartments, Phase II

100 Meyers Drive
Georgetown, KY
HCV Welcome

Indian Trace Apartments

120 Hiawathia Trail
Georgetown, KY

Spring View Apartments

142 Springview Dr
Stamping Ground, KY

Colonial Gardens Apartments II

271 Williamsburg Ln
Georgetown, KY
HCV Welcome

Elk River Apartments

101 Rykara Path
Georgetown, KY
HCV Welcome

Other Housing Authorities located in Scott County

Housing Authority Programs
Housing Authority of Georgetown Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Scott County, Kentucky

There are 17 low income housing apartment communities offering 791 affordable apartments for rent in Scott County, Kentucky. Scott County features 484 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 307 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Scott County.

Sourced from federal housing data and research.

Scott County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 791
Total Housing Units with Rental Assistance 484
Percentage of Housing Units Occupied By Renters 29.33%
Average Renter Household Size 2.45
Average Household Size 2.65
Median Household Income $63,027 ±$2,780
Median Rent $760 ±$35
Percentage Of Renters Overburdened 36.8% ± 4.53pp
Total Population 50,178

Population and Household Demographics

Scott County is a County in Kentucky with a population of 50,178. There are 18,421 households in the county with an average household size of 2.65 persons. 29.33% of households in Scott County are renters.

Income and Rent Overburden in Scott County

The median gross income for households in Scott County is $63,027 a year, or $5,252 a month. The median rent for the county is $760 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Scott County, a household making less than $2,533 a month would be considered overburdened when renting an apartment at or above the median rent. 36.8% of households who rent are overburdened in Scott County.1

Area Median Income In Scott 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 Scott County, HUD calculates the Area Median Income for a family of four as $74,500

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 Scott 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 Scott County HUD Rental Assistance in Scott County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% of Median $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700
Low Income Housing Tax Credits in Scott 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 2009, 9 low income apartment communities containing 383 rental apartments have been constructed and made affordable to low income persons in Scott 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 Scott County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
60% of Median $31,320 $35,760 $40,260 $44,700 $48,300 $51,900 $55,440 $59,040

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 Scott County is $40,260 a year, or $3,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,355 by 30% to get a maximum rent of $1,007 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% $653 $699 $839 $969 $1,081 $1,193
60% $783 $839 $1,007 $1,163 $1,298 $1,431
Fair Market Rents in Scott 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$597 $678 $858 $1,189 $1,496

Cities In Scott County

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

City Listings Served By
Georgetown 16 The HUD funded Public Housing Agency that serves Georgetown is the Housing Authority of Georgetown.
Stamping Ground 1
Sadieville 0