Affordable Housing In Somerset
Pulaski County, Kentucky

22 Low Income Apartment Communities In Somerset

Fox Hill Estates

5409 Scenic Vista Dr
Somerset, KY
Subsidized

Bethany House

Randolph St Woodfield Subdivision
Somerset, KY
Accepts Vouchers

University Square Apartments

619 N College St
Somerset, KY
Accepts Vouchers

Royal Lodge Apartments

132 Lookout St
Somerset, KY
Accepts Vouchers

Somer - Court Assoc

52 Turpen Ct
Somerset, KY
Accepts Vouchers

Somerset Holly Square

130 Langdon St
Somerset, KY
Accepts Vouchers

Eagles Landing Senior Community

11 Independence Dr
Somerset, KY
Accepts Vouchers

Sycamore Square

700 E Mount Vernon St
Somerset, KY
Accepts Vouchers

Southern - Hines - Valley Hm

624 McKinley St
Somerset, KY

Pleasant Hill Square

555 McKee Rd
Somerset, KY
Subsidized

Housing Authorities that serve Somerset

Housing Authority Programs
Housing Authority of Somerset Section 8 Housing Choice Voucher (HCV); Public Housing
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Somerset, Kentucky

There are 22 low income housing apartment communities offering 786 affordable apartments for rent in Somerset, Kentucky.

Income Based Apartments in Somerset, Kentucky

Somerset features 621 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 165 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 $583 and $713.

2020 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
Fair Market Rent $422 $494 $648 $845 $878
Payment Standard Range $380 to $464 $445 to $543 $583 to $713 $761 to $930 $790 to $966

Sourced from federal housing data and AffordableHousingOnline.com research.

Somerset, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 22
Total Low Income Apartments 786
Total Housing Units with Rental Assistance 621
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.1

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 $49,200

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 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 Somerset HUD Rental Assistance in Somerset

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100