Affordable Housing In South Shore
Greenup County, Kentucky

3 Low Income Apartment Communities In South Shore

Holley Manor

704 Eunice St
South Shore, Kentucky
Subsidized

Holley Manor Annex

600 Eunice St
South Shore, Kentucky
Subsidized

Tygart Creek Townhomes

324 Tygart Creek Pl
South Shore, Kentucky
  • «
  • 1
  • »

Guide To Affordable Housing in South Shore, Kentucky

There are 3 low income housing apartment communities offering 106 affordable apartments for rent in South Shore, Kentucky.

Income Based Apartments in South Shore, Kentucky

South Shore features 88 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 South Shore, Kentucky

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Shore.

Housing Choice Vouchers in South Shore, Kentucky

On average, Section 8 Housing Choice vouchers pay South Shore landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in South Shore.

The maximum amount a voucher would pay on behalf of a low-income tenant in South Shore, Kentucky for a two-bedroom apartment is between $712 and $870.

2022 South Shore, 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
South Shore, Kentucky Fair Market Rent $570 $659 $791 $1,058 $1,179
South Shore, Kentucky Payment Standard Range $513 to $627 $593 to $725 $712 to $870 $952 to $1,164 $1,061 to $1,297

Sourced from federal housing data and AffordableHousingOnline.com research.

South Shore, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 106
Total Housing Units with Rental Assistance 88
Percentage of Housing Units Occupied By Renters 42.8%
Average Renter Household Size 1.83
Average Household Size 2.37
Median Household Income $25,313 ±$7,419
Median Rent $481 ±$218
Percentage Of Renters Overburdened 40.98% ± 15.5pp
Total Population 1,196

Population and Household Demographics

South Shore is a city in Greenup County, Kentucky with a population of 1,196. There are 479 households in the city with an average household size of 2.37 persons. 42.8% of households in South Shore are renters.

Income and Rent Overburden in South Shore

The median gross income for households in South Shore is $25,313 a year, or $2,109 a month. The median rent for the city is $481 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Shore, a household making less than $1,603 a month would be considered overburdened when renting an apartment at or above the median rent. 40.98% of households who rent are overburdened in South Shore.

Area Median Income In South Shore

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 South Shore, the AMI is calculated from all households within Greenup County.

In South Shore, HUD calculates the Area Median Income for a family of four as $62,600

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 South Shore

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 South Shore

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 South Shore AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,050 $17,420 $21,960 $26,500 $31,040 $35,580 $38,450 $40,950
50% AMI Income Limits
Renters earning up to 50% of the South Shore AMI may qualify for rental assistance programs that target Very Low Income households.
$21,700 $24,800 $27,900 $31,000 $33,500 $36,000 $38,450 $40,950
80% AMI Income Limits
Renters earning up to 80% of the South Shore AMI may qualify for rental assistance programs that target Low Income households.
$34,750 $39,700 $44,650 $49,600 $53,600 $57,550 $61,550 $65,500