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There are 0 low-income apartments in Knott County that offer reduced rents to eligible households.
Rental assistance programs support 201 low-income homes in Knott County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $75 towards rent each month.
Affordable rent data for some communities last confirmed on January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Knott County, 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 |
|---|---|
| Housing Authority of Knott County | Public Housing |
| Kentucky Housing Corporation | Section 8 Housing Choice Voucher (HCV) |
Knott County, Kentucky Affordable Housing Data
Income Based Apartments in Knott County, Kentucky
Knott County features 201 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 Knott County, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knott County.
Housing Choice Vouchers in Knott County, Kentucky
On average, Section 8 Housing Choice vouchers pay Knott County landlords $700 per month towards rent. The average voucher holder contributes $100 towards rent in Knott County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Knott County, Kentucky for a two-bedroom apartment is between $765 and $935.
2024 Knott 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 | |
|---|---|---|---|---|---|
| Knott County, Kentucky Fair Market Rent | $659 | $663 | $850 | $1,105 | $1,174 |
| Knott County, Kentucky Payment Standard Range | $593 to $725 | $597 to $729 | $765 to $935 | $995 to $1,216 | $1,057 to $1,291 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Knott County, KY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 201 |
| Total Housing Units with Rental Assistance | 201 |
| Percentage of Housing Units Occupied By Renters | 22.41% |
| Average Renter Household Size | 2.71 |
| Average Household Size | 2.57 |
| Median Household Income | $30,411 ±$3,850 |
| Median Rent | $479 ±$70 |
| Percentage Of Renters Overburdened | 29.53% ± 7.43pp |
| Total Population | 16,000 |
Population and Household Demographics
Knott County is a county in Kentucky with a population of 16,000. There are 5,984 households in the county with an average household size of 2.57 persons. 22.41% of households in Knott County are renters.
Income and Rent Overburden in Knott County
The median gross income for households in Knott County is $30,411 a year, or $2,534 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 Knott County, a household making less than $1,597 a month would be considered overburdened when renting an apartment at or above the median rent. 29.53% of households who rent are overburdened in Knott County.
Area Median Income In Knott 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 Knott County, HUD calculates the Area Median Income for a family of four as $47,200
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 Knott 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 HUD Rental Assistance in Knott County
| 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 Knott County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $30,000 | $34,700 | $37,250 | $39,850 | $42,400 |
| 50% AMI Income Limits Renters earning up to 50% of the Knott County AMI may qualify for rental assistance programs that target Very Low Income households. |
$22,500 | $25,700 | $28,900 | $32,100 | $34,700 | $37,250 | $39,850 | $42,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Knott County AMI may qualify for rental assistance programs that target Low Income households. |
$35,950 | $41,100 | $46,250 | $51,350 | $55,500 | $59,600 | $63,700 | $67,800 |
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