Affordable Housing In Simpsonville
Shelby County, Kentucky

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

There are 136 affordable apartments in Simpsonville that offer reduced rents to low-income households.

Waiting Lists in Simpsonville, Kentucky

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

Veechdale Apartments

233 Buck Creek Rd
Simpsonville, Kentucky
Affordable

Meadowridge Apts

300 Meadowridge Driv
Simpsonville, Kentucky
Affordable

Meadowridge II Apts

300 Meadowridge Dr.
Simpsonville, Kentucky
Affordable
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Affordable Housing Near Simpsonville

View affordable apartments and waiting lists in cities near Simpsonville

City Apartments
Affordable Housing In Shelbyville, KY Affordable Housing programs support 25 apartment communities in Shelbyville.

Public Housing Agencies Serving Simpsonville, 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 Simpsonville.

Simpsonville, Kentucky Affordable Housing Data

Income Based Apartments in Simpsonville, Kentucky

Simpsonville 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 Simpsonville, Kentucky

There are 136 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Simpsonville.

Housing Choice Vouchers in Simpsonville, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Simpsonville, Kentucky for a two-bedroom apartment is between $847 and $1,035.

2023 Simpsonville, 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
Simpsonville, Kentucky Fair Market Rent $691 $742 $941 $1,203 $1,392
Simpsonville, Kentucky Payment Standard Range $622 to $760 $668 to $816 $847 to $1,035 $1,083 to $1,323 $1,253 to $1,531

Sourced from federal housing data and AffordableHousingOnline.com research.

Simpsonville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 136
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 34.48%
Average Renter Household Size 2.69
Average Household Size 2.72
Median Household Income $62,708 ±$6,880
Median Rent $800 ±$197
Percentage Of Renters Overburdened 40.96% ± 16.81pp
Total Population 2,618

Population and Household Demographics

Simpsonville is a city in Shelby County, Kentucky with a population of 2,618. There are 963 households in the city with an average household size of 2.72 persons. 34.48% of households in Simpsonville are renters.

Income and Rent Overburden in Simpsonville

The median gross income for households in Simpsonville is $62,708 a year, or $5,226 a month. The median rent for the city is $800 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Simpsonville, a household making less than $2,667 a month would be considered overburdened when renting an apartment at or above the median rent. 40.96% of households who rent are overburdened in Simpsonville.

Area Median Income In Simpsonville

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 Simpsonville, the AMI is calculated from all households within Shelby County.

In Simpsonville, HUD calculates the Area Median Income for a family of four as $87,600

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 Simpsonville

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 Simpsonville

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 Simpsonville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,450 $21,050 $23,700 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Simpsonville AMI may qualify for rental assistance programs that target Very Low Income households.
$30,700 $35,050 $39,450 $43,800 $47,350 $50,850 $54,350 $57,850
80% AMI Income Limits
Renters earning up to 80% of the Simpsonville AMI may qualify for rental assistance programs that target Low Income households.
$49,100 $56,100 $63,100 $70,100 $75,750 $81,350 $86,950 $92,550