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Affordable Housing In Somerset
Pulaski County, Kentucky

26 Low Income Apartment Communities In Somerset

Eagles Landing Senior Community

100 Patriots Way
Somerset, Kentucky

Baptist Care Homes

100 Randolph St
Somerset, Kentucky

Oxford Apartments

225 Pearl Drive
Somerset, Kentucky

Western Hills II Winterwood Inc

800 Hail Knob Rd
Somerset, Kentucky

Western Hills Apts Winterwood Inc

800 Hail Knob Rd
Somerset, Kentucky

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 26 low income housing apartment communities offering 914 affordable apartments for rent in Somerset, Kentucky.

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 $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 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 $50,700

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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $28,850 $31,000 $33,150 $35,250
50% of Median $18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
80% of Median $29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400