Affordable Housing In Shelby County

19 Low Income Apartment Communities In Shelby County

Midland Square Apartments

400 Mack Walters Road
Shelbyville, KY
Call For Rent
1-3 BR
HCV Welcome

Brea's Crossing Senior Apartments

3025 Squire Circle
Shelbyville, KY
Call For Rent
1-2 BR
HCV Welcome

Sycamore Terrace

500 Sycamore Ter
Shelbyville, KY

Meadowrun Terrace Apartments

144 Haven Hill Road
Shelbyville, KY

Lynne Acres Apartments

601 Lynne Acres
Shelbyville, KY

Moesser House

W Main St
Shelbyville, KY
HCV Welcome

Clark Single Family Project - Shelbyville

Various St S
Shelbyville, KY
HCV Welcome

West Shelby House Apartments

Willow Wood Dr
Shelbyville, KY
HCV Welcome

West Shelby House

70 Willow Wood Dr
Shelbyville, KY

Shelbyville I

312 Midland Blvd
Shelbyville, KY
HCV Welcome

Housing Authorities that serve Shelby County

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Shelby County

Housing Authority Programs
Housing Authority of Shelbyville Public Housing

Guide To Affordable Housing in Shelby County, Kentucky

According to federal housing data and research, there are 19 low income housing apartment communities offering 624 affordable apartments for rent in Shelby County, Kentucky. Shelby County features 271 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 353 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Shelby County.

Shelby County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 624
Total Housing Units with Rental Assistance 271
Percentage of Housing Units Occupied By Renters 30.9%
Average Renter Household Size 2.65
Average Household Size 2.67
Median Household Income $60,324 ±$2,729
Median Rent $796 ±$40
Percentage Of Renters Overburdened 46.89% ± 5.8pp
Total Population 44,290

Population and Household Demographics

Shelby County is a County in Kentucky with a population of 44,290. There are 15,888 households in the county with an average household size of 2.67 persons. 30.9% of households in Shelby County are renters.

Income and Rent Overburden in Shelby County

The median gross income for households in Shelby County is $60,324 a year, or $5,027 a month. The median rent for the county is $796 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shelby County, a household making less than $2,653 a month would be considered overburdened when renting an apartment at or above the median rent. 46.89% of households who rent are overburdened in Shelby County.1

Area Median Income In Shelby 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 Shelby County, HUD calculates the Area Median Income for a family of four as $76,200

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 Shelby 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 Shelby County HUD Rental Assistance in Shelby County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,300 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,700 $30,500 $34,300 $38,100 $41,150 $44,200 $47,250 $50,300
80% of Median $42,700 $48,800 $54,900 $60,950 $65,850 $70,750 $75,600 $80,500
Low Income Housing Tax Credits in Shelby County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2011, 10 low income apartment communities containing 241 rental apartments have been constructed and made affordable to low income persons in Shelby 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 Shelby County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,700 $30,500 $34,300 $38,100 $41,150 $44,200 $47,250 $50,300
60% of Median $32,040 $36,600 $41,160 $45,720 $49,380 $53,040 $56,700 $60,360

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 Shelby County is $41,160 a year, or $3,430 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,430 by 30% to get a maximum rent of $1,029 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% $668 $715 $858 $991 $1,105 $1,219
60% $801 $858 $1,029 $1,189 $1,326 $1,463
Fair Market Rents in Shelby 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
$591 $636 $837 $1,135 $1,333

Cities In Shelby County

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

City Listings Served By
Shelbyville 18 The HUD funded Public Housing Agencies that serve Shelbyville are the Housing Authority of Shelbyville and Kentucky Housing Corporation.
Simpsonville 1 The HUD funded Public Housing Agency that serves Simpsonville is the Kentucky Housing Corporation.