Somerset, Kentucky Affordable Housing

Affordable Housing programs support 729 income based apartments in Somerset where households pay rent based on how much they earn.

There are 185 affordable apartments in Somerset that offer reduced rents to low-income households.

Waiting Lists in Somerset, Kentucky

There is one Section 8 Housing Choice Voucher waiting list open in Somerset.

  • is currently open for new Section 8 applications.

Go to the Kentucky Section 8 Waiting Lists page for more openings near Somerset.

Somerset Village Apartments

500 Somerset Village
Somerset, Kentucky
Income Based
1-3 BR
Rent Assisted

Greystone Manor

401 Greystone Manor
Somerset, Kentucky
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Cumberland Manor - Somerset

106 White Oak Cir
Somerset, Kentucky
Rent Assisted

Westbrooke Apartments

500 Kate Dr
Somerset, Kentucky
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Beecher House

203 S Main St
Somerset, Kentucky
Rent Assisted

Somerset Terrace Apartments

299 James Street
Somerset, Kentucky
Affordable

The Moore Complex

130 Floyd St
Somerset, Kentucky
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Somerset Residence

203 Shadow Hill Dr
Somerset, Kentucky
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing

Oakdale Village Apartments

255 Pearl Drive Unit 50
Somerset, Kentucky

Lakeview Estates

202 White Oak Cir
Somerset, Kentucky
Rent Assisted
Showing Results 1-10

Affordable Housing Near Somerset

View affordable apartments and waiting lists in cities near Somerset

City Apartments
Science Hill, KY Affordable Housing programs support 1 apartment communities in Science Hill.

Public Housing Agencies Serving Somerset, 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
Housing Authority of Somerset Section 8 Housing Choice Voucher (HCV); Public Housing
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 Somerset.

Somerset, Kentucky Affordable Housing Data

Income Based Apartments in Somerset, Kentucky

Somerset features 729 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 Somerset, Kentucky

There are 185 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Somerset.

Housing Choice Vouchers in Somerset, Kentucky

On average, Section 8 Housing Choice vouchers pay Somerset landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Somerset.

The maximum amount a voucher would pay on behalf of a low-income tenant in Somerset, Kentucky for a two-bedroom apartment is between $689 and $843.

2023 Somerset, 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
Somerset, Kentucky Fair Market Rent $512 $584 $766 $955 $1,048
Somerset, Kentucky Payment Standard Range $461 to $563 $526 to $642 $689 to $843 $860 to $1,051 $943 to $1,153

Sourced from federal housing data and AffordableHousingOnline.com research.

Somerset, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 26
Total Low Income Apartments 914
Total Housing Units with Rental Assistance 729
Percentage of Housing Units Occupied By Renters 56.49%
Average Renter Household Size 2.22
Average Household Size 2.13
Median Household Income $26,411 ±$3,603
Median Rent $528 ±$45
Percentage Of Renters Overburdened 53.41% ± 10.63pp
Total Population 11,358

Population and Household Demographics

Somerset is a city in Pulaski County, Kentucky with a population of 11,358. There are 4,902 households in the city with an average household size of 2.13 persons. 56.49% of households in Somerset are renters.

Income and Rent Overburden in Somerset

The median gross income for households in Somerset is $26,411 a year, or $2,201 a month. The median rent for the city is $528 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Somerset, a household making less than $1,760 a month would be considered overburdened when renting an apartment at or above the median rent. 53.41% of households who rent are overburdened in Somerset.

Area Median Income In Somerset

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 Somerset, the AMI is calculated from all households within Pulaski County.

In Somerset, HUD calculates the Area Median Income for a family of four as $59,300

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 Somerset

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 Somerset

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 Somerset AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,250 $37,650 $40,100
50% AMI Income Limits
Renters earning up to 50% of the Somerset AMI may qualify for rental assistance programs that target Very Low Income households.
$21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
80% AMI Income Limits
Renters earning up to 80% of the Somerset AMI may qualify for rental assistance programs that target Low Income households.
$34,000 $38,850 $43,700 $48,550 $52,450 $56,350 $60,250 $64,100