Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. As of March 13, 2020, Public Housing Agencies across the nation are closing their doors to the public. Most offices are still running and will communicate by phone, email, or mail. Some offices have drop boxes installed outside, so documents can still be hand-delivered. Visit the housing authority's website for the latest on its current operations, if one is available. If there is no information online, contact the housing authority directly. Due to a high volume of calls and modified office hours in most areas, expect a long wait time (days or weeks) for a response. To find your local PHA's contact info, browse by state here.

An extensive list of coronavirus resources for low-income households can be found here.

Affordable Housing In Symsonia
Graves County, Kentucky

1 Low Income Apartment Communities In Symsonia

Westwood of Symsonia

60 Westwood Ave
Symsonia, Kentucky
  • «
  • 1
  • »

Guide To Affordable Housing in Symsonia, Kentucky

There are 1 low income housing apartment communities offering 41 affordable apartments for rent in Symsonia, Kentucky.

Income Based Apartments in Symsonia, Kentucky

Symsonia features 41 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 Symsonia, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Symsonia.

Housing Choice Vouchers in Symsonia, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Symsonia, Kentucky for a two-bedroom apartment is between $568 and $694.

2020 Symsonia, 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 $448 $479 $631 $845 $855
Payment Standard Range $403 to $493 $431 to $527 $568 to $694 $761 to $930 $770 to $941

Sourced from federal housing data and research.

Symsonia, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 41
Total Housing Units with Rental Assistance 41
Percentage of Housing Units Occupied By Renters 26.69%
Average Renter Household Size 1.25
Average Household Size 2.01
Median Household Income $42,885 ±$20,749
Median Rent $181 ±$11
Percentage Of Renters Overburdened 15.19% ± 33.88pp
Total Population 596

Population and Household Demographics

Symsonia is a city in Graves County, Kentucky with a population of 596. There are 296 households in the city with an average household size of 2.01 persons. 26.69% of households in Symsonia are renters.

Income and Rent Overburden in Symsonia

The median gross income for households in Symsonia is $42,885 a year, or $3,574 a month. The median rent for the city is $181 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Symsonia, a household making less than $603 a month would be considered overburdened when renting an apartment at or above the median rent. 15.19% of households who rent are overburdened in Symsonia.

Area Median Income In Symsonia

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 Symsonia, the AMI is calculated from all households within Graves County.

In Symsonia, HUD calculates the Area Median Income for a family of four as $56,200

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 Symsonia

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 Symsonia

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 $30,350 $32,600 $34,850 $37,100
50% of Median $19,700 $22,500 $25,300 $28,100 $30,350 $32,600 $34,850 $37,100
80% of Median $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350