There are 30 low-income apartments in McCracken County that offer reduced rents to eligible households.
Rental assistance programs support 1,813 low-income homes in McCracken County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $289 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving McCracken 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 Paducah - Section 8 | Section 8 Housing Choice Voucher (HCV) |
McCracken County, Kentucky Affordable Housing Data
Income Based Apartments in McCracken County, Kentucky
McCracken County features 1,813 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 McCracken County, Kentucky
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McCracken County.
Housing Choice Vouchers in McCracken County, Kentucky
On average, Section 8 Housing Choice vouchers pay McCracken County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in McCracken County.
The maximum amount a voucher would pay on behalf of a low-income tenant in McCracken County, Kentucky for a two-bedroom apartment is between $893 and $1,091.
2024 McCracken 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 | |
|---|---|---|---|---|---|
| McCracken County, Kentucky Fair Market Rent | $672 | $755 | $992 | $1,214 | $1,569 |
| McCracken County, Kentucky Payment Standard Range | $605 to $739 | $680 to $831 | $893 to $1,091 | $1,093 to $1,335 | $1,412 to $1,726 |
Sourced from federal housing data and AffordableHousingOnline.com research.
McCracken County, KY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 17 |
|---|---|
| Total Low Income Apartments | 1,919 |
| Total Housing Units with Rental Assistance | 1,813 |
| Percentage of Housing Units Occupied By Renters | 32.72% |
| Average Renter Household Size | 2.06 |
| Average Household Size | 2.33 |
| Median Household Income | $44,067 ±$2,174 |
| Median Rent | $604 ±$20 |
| Percentage Of Renters Overburdened | 40.56% ± 4.01pp |
| Total Population | 65,408 |
Population and Household Demographics
McCracken County is a county in Kentucky with a population of 65,408. There are 27,514 households in the county with an average household size of 2.33 persons. 32.72% of households in McCracken County are renters.
Income and Rent Overburden in McCracken County
The median gross income for households in McCracken County is $44,067 a year, or $3,672 a month. The median rent for the county is $604 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McCracken County, a household making less than $2,013 a month would be considered overburdened when renting an apartment at or above the median rent. 40.56% of households who rent are overburdened in McCracken County.
Area Median Income In McCracken 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 McCracken County, HUD calculates the Area Median Income for a family of four as $83,400
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 McCracken 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 McCracken 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 McCracken County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,850 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $49,700 |
| 50% AMI Income Limits Renters earning up to 50% of the McCracken County AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,400 | $30,150 | $33,900 | $37,650 | $40,700 | $43,700 | $46,700 | $49,700 |
| 80% AMI Income Limits Renters earning up to 80% of the McCracken County AMI may qualify for rental assistance programs that target Low Income households. |
$42,200 | $48,200 | $54,250 | $60,250 | $65,100 | $69,900 | $74,750 | $79,550 |
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