South Shelby Apts
North Shelby House Ltd
Centerbrook Apts
Village Green Apts
Willow Woods Apts
There are 376 low-income apartments in Shelby County that offer reduced rents to eligible households.
Rental assistance programs support 459 low-income homes in Shelby County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $337 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Shelby 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 |
|---|---|
| Kentucky Housing Corporation | Section 8 Housing Choice Voucher (HCV) |
Shelby County, Kentucky Affordable Housing Data
Income Based Apartments in Shelby County, Kentucky
Shelby County features 459 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 Shelby County, Kentucky
There are 376 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shelby County.
Housing Choice Vouchers in Shelby County, Kentucky
On average, Section 8 Housing Choice vouchers pay Shelby County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Shelby County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Shelby County, Kentucky for a two-bedroom apartment is between $1,017 and $1,243.
2024 Shelby 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 | |
|---|---|---|---|---|---|
| Shelby County, Kentucky Fair Market Rent | $862 | $965 | $1,130 | $1,458 | $1,589 |
| Shelby County, Kentucky Payment Standard Range | $776 to $948 | $869 to $1,062 | $1,017 to $1,243 | $1,312 to $1,604 | $1,430 to $1,748 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Shelby County, KY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 29 |
|---|---|
| Total Low Income Apartments | 836 |
| Total Housing Units with Rental Assistance | 459 |
| Percentage of Housing Units Occupied By Renters | 30.9% |
| Average Renter Household Size | 2.65 |
| Average Household Size | 2.67 |
| Median Household Income | $60,324 ±$2,729 |
| Median Rent | $796 ±$40 |
| Percentage Of Renters Overburdened | 46.89% ± 5.8pp |
| Total Population | 44,290 |
Population and Household Demographics
Shelby County is a county in Kentucky with a population of 44,290. There are 15,888 households in the county with an average household size of 2.67 persons. 30.9% of households in Shelby County are renters.
Income and Rent Overburden in Shelby County
The median gross income for households in Shelby County is $60,324 a year, or $5,027 a month. The median rent for the county is $796 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shelby County, a household making less than $2,653 a month would be considered overburdened when renting an apartment at or above the median rent. 46.89% of households who rent are overburdened in Shelby County.
Area Median Income In Shelby 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 Shelby County, HUD calculates the Area Median Income for a family of four as $99,300
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 Shelby 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 Shelby 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 Shelby County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$19,500 | $22,250 | $25,050 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Shelby County AMI may qualify for rental assistance programs that target Very Low Income households. |
$32,450 | $37,100 | $41,750 | $46,350 | $50,100 | $53,800 | $57,500 | $61,200 |
| 80% AMI Income Limits Renters earning up to 80% of the Shelby County AMI may qualify for rental assistance programs that target Low Income households. |
$51,950 | $59,350 | $66,750 | $74,150 | $80,100 | $86,050 | $91,950 | $97,900 |
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