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Affordable Housing In Williamstown
Grant County, Kentucky

4 Low Income Apartment Communities In Williamstown

Parkview Manor Apartments

228 S Main St
Williamstown, Kentucky
Subsidized

Helton Heights

98 High St
Williamstown, Kentucky

Norwood Apts II

204 Humes Ridge Road
Williamstown, Kentucky

Norwood Apts

206 Humes Ridge Road
Williamstown, Kentucky
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Housing Authorities that serve Williamstown

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

Guide To Affordable Housing in Williamstown, Kentucky

There are 4 low income housing apartment communities offering 312 affordable apartments for rent in Williamstown, Kentucky.

Income Based Apartments in Williamstown, Kentucky

Williamstown features 312 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 Williamstown, Kentucky

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

Housing Choice Vouchers in Williamstown, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Williamstown, Kentucky for a two-bedroom apartment is between $707 and $865.

2021 Williamstown, 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 $639 $690 $786 $1,125 $1,361
Payment Standard Range $575 to $703 $621 to $759 $707 to $865 $1,013 to $1,238 $1,225 to $1,497

Sourced from federal housing data and AffordableHousingOnline.com research.

Williamstown, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 312
Total Housing Units with Rental Assistance 312
Percentage of Housing Units Occupied By Renters 34.02%
Average Renter Household Size 2.74
Average Household Size 3.17
Median Household Income $45,568 ±$6,585
Median Rent $693 ±$185
Percentage Of Renters Overburdened 57.48% ± 24.25pp
Total Population 3,927

Population and Household Demographics

Williamstown is a city in Grant County, Kentucky with a population of 3,927. There are 1,120 households in the city with an average household size of 3.17 persons. 34.02% of households in Williamstown are renters.

Income and Rent Overburden in Williamstown

The median gross income for households in Williamstown is $45,568 a year, or $3,797 a month. The median rent for the city is $693 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Williamstown, a household making less than $2,310 a month would be considered overburdened when renting an apartment at or above the median rent. 57.48% of households who rent are overburdened in Williamstown.

Area Median Income In Williamstown

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 Williamstown, the AMI is calculated from all households within Grant County.

In Williamstown, HUD calculates the Area Median Income for a family of four as $52,900

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 Williamstown

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 Williamstown

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