Affordable Housing In Wayne County

6 Low Income Apartment Communities In Wayne County

Mason Greene Apartments

345 Stokes St
Monticello, KY

Beech Valley Manor

301 Beech Valley Mnr
Monticello, KY
Elderly Supportive Housing

Monticello Senior

70 Cumberland Ct
Monticello, KY

Homestead Heights

100 Conn St
Monticello, KY

Monticello Village Apartments

130 Surrey Hill Rd
Monticello, KY

Mason Greene

Stokes Dr
Monticello, KY
Accepts Vouchers
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Housing Authorities that serve Wayne County

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Wayne County

Housing Authority Programs
Housing Authority of Monticello Public Housing

Guide To Affordable Housing in Wayne County, Kentucky

There are 6 low income housing apartment communities offering 324 affordable apartments for rent in Wayne County, Kentucky.

Income Based Apartments in Wayne County, Kentucky

Wayne County features 256 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 Wayne County, Kentucky

There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wayne County.

Housing Choice Vouchers in Wayne County, Kentucky

On average, Section 8 Housing Choice vouchers pay Wayne County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Wayne County.

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

2020 Wayne County, 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 $554 $631 $910 $955
Payment Standard Range $403 to $493 $499 to $609 $568 to $694 $819 to $1,001 $860 to $1,051

Sourced from federal housing data and research.

Wayne County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 324
Total Housing Units with Rental Assistance 256
Percentage of Housing Units Occupied By Renters 29.37%
Average Renter Household Size 2.64
Average Household Size 2.57
Median Household Income $28,573 ±$2,414
Median Rent $479 ±$26
Percentage Of Renters Overburdened 49.25% ± 7.9pp
Total Population 20,655

Population and Household Demographics

Wayne County is a County in Kentucky with a population of 20,655. There are 7,917 households in the county with an average household size of 2.57 persons. 29.37% of households in Wayne County are renters.

Income and Rent Overburden in Wayne County

The median gross income for households in Wayne County is $28,573 a year, or $2,381 a month. The median rent for the county is $479 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wayne County, a household making less than $1,597 a month would be considered overburdened when renting an apartment at or above the median rent. 49.25% of households who rent are overburdened in Wayne County.1

Area Median Income In Wayne County

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.

In Wayne County, HUD calculates the Area Median Income for a family of four as $40,200

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 Wayne County

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 Wayne County HUD Rental Assistance in Wayne County

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

Cities In Wayne County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Monticello 6 The HUD funded Public Housing Agencies that serve Monticello are the Housing Authority of Monticello and Kentucky Housing Corporation.