Low Income Apartments For Rent in Corinth, KY

Rental assistance programs support 0 low-income homes in Corinth where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Corinth, 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)

Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Corinth.

Corinth, Kentucky Affordable Housing Data

Income Based Apartments in Corinth, Kentucky

Corinth 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 Corinth, Kentucky

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corinth.

Housing Choice Vouchers in Corinth, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Corinth, Kentucky for a two-bedroom apartment is between $878 and $1,073.

2024 Corinth, 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
Corinth, Kentucky Fair Market Rent	$661	$742	$975	$1,179	$1,552
Corinth, Kentucky Payment Standard Range	$595 to $727	$668 to $816	$878 to $1,073	$1,061 to $1,297	$1,397 to $1,707

Sourced from federal housing data and AffordableHousingOnline.com research.

Corinth, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 24

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 29.07%

Average Renter Household Size 2.16

Average Household Size 2.69

Median Household Income $21,786 ±$11,132

Median Rent $0 ±$0

Percentage Of Renters Overburdened 48% ± 38.33pp

Total Population 231

Total Affordable Apartment Properties	2
Total Low Income Apartments	24
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	29.07%
Average Renter Household Size	2.16
Average Household Size	2.69
Median Household Income	$21,786 ±$11,132
Median Rent	$0 ±$0
Percentage Of Renters Overburdened	48% ± 38.33pp
Total Population	231

Population and Household Demographics

Corinth is a city in Grant County, Kentucky with a population of 231. There are 86 households in the city with an average household size of 2.69 persons. 29.07% of households in Corinth are renters.

Income and Rent Overburden in Corinth

The median gross income for households in Corinth is $21,786 a year, or $1,816 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Corinth, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 48% of households who rent are overburdened in Corinth.

Area Median Income In Corinth

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

In Corinth, HUD calculates the Area Median Income for a family of four as $77,200

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 Corinth

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 Corinth

	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 Corinth AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$35,140	$38,500	$41,150	$43,800
50% AMI Income Limits Renters earning up to 50% of the Corinth AMI may qualify for rental assistance programs that target Very Low Income households.	$23,250	$26,550	$29,850	$33,150	$35,850	$38,500	$41,150	$43,800
80% AMI Income Limits Renters earning up to 80% of the Corinth AMI may qualify for rental assistance programs that target Low Income households.	$37,150	$42,450	$47,750	$53,050	$57,300	$61,550	$65,800	$70,050