Affordable Housing In Vicco
Knott County, Kentucky

Affordable Housing programs support 0 income based apartments in Vicco where households pay rent based on how much they earn.

There are 0 affordable apartments in Vicco that offer reduced rents to low-income households.

Waiting Lists in Vicco, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Vicco. Go to the Kentucky Section 8 Waiting Lists page for openings near Vicco.

Affordable Housing Near Vicco

View affordable apartments and waiting lists in cities near Vicco

City Apartments
Affordable Housing In Emmalena, KY Affordable Housing programs support 1 apartment communities in Emmalena.
Affordable Housing In Hindman, KY Affordable Housing programs support 2 apartment communities in Hindman.
Affordable Housing In Pippa Passes, KY Affordable Housing programs support 1 apartment communities in Pippa Passes.

Public Housing Agencies Serving Vicco, 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
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Housing Authority of Knott County Public Housing
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Vicco.

Vicco, Kentucky Affordable Housing Data

Income Based Apartments in Vicco, Kentucky

Vicco features 0 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 Vicco, Kentucky

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

Housing Choice Vouchers in Vicco, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Vicco, Kentucky for a two-bedroom apartment is between $668 and $816.

2023 Vicco, 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
Vicco, Kentucky Fair Market Rent $643 $657 $742 $1,017 $1,071
Vicco, Kentucky Payment Standard Range $579 to $707 $591 to $723 $668 to $816 $915 to $1,119 $964 to $1,178

Sourced from federal housing data and research.

Vicco, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 38.52%
Average Renter Household Size 2.62
Average Household Size 2.67
Median Household Income $34,167 ±$15,508
Median Rent $581 ±$55
Percentage Of Renters Overburdened 25.53% ± 38.74pp
Total Population 326

Population and Household Demographics

Vicco is a city in Knott County, Kentucky with a population of 326. There are 122 households in the city with an average household size of 2.67 persons. 38.52% of households in Vicco are renters.

Income and Rent Overburden in Vicco

The median gross income for households in Vicco is $34,167 a year, or $2,847 a month. The median rent for the city is $581 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Vicco, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 25.53% of households who rent are overburdened in Vicco.

Area Median Income In Vicco

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 Vicco, the AMI is calculated from all households within Knott County.

In Vicco, HUD calculates the Area Median Income for a family of four as $44,500

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 Vicco

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 Vicco

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 Vicco 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 Vicco 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 Vicco 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