About This Property
Park Place Apartments comprises 32 units in Prestonsburg, Kentucky, including 13 designated low-income units that serve families and elderly residents. The property offers a mix of eight one-bedroom and twenty-four two-bedroom units and has been in service since 1997. The development utilizes 4% Low-Income Housing Tax Credit financing.
Waitlist Information
Waitlist managed by Housing Authority of Prestonsburg
Preferences are given to applicants who live/work in Prestonsburg, veterans, or those displaced by a natural disaster.
No current information found for application methods or preferences for HCV.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Floyd County, KY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $636 |
| 1 Bedroom | $668 |
| 2 Bedroom | $878 |
| 3 Bedroom | $1,062 |
| 4 Bedroom | $1,169 |
Income Limits - Floyd County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,450
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $31,500
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $35,850
- Low (80%)
- $57,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,750 | $34,800 |
| 3 Persons | $21,960 | $24,450 | $39,150 |
| 4 Persons | $26,500 | $27,150 | $43,450 |
| 5 Persons | $29,350 | $29,350 | $46,950 |
| 6 Persons | $31,500 | $31,500 | $50,450 |
| 7 Persons | $33,700 | $33,700 | $53,900 |
| 8 Persons | $35,850 | $35,850 | $57,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Prestonsburg, KY?+
The Fair Market Rent (FMR) for Floyd County, KY is: $636 (Studio), $668 (1BR), $878 (2BR), $1062 (3BR), $1169 (4BR). Actual rent at subsidized properties like Park Place Apartments is typically 30% of household income or less.
What size apartments are available at Park Place Apartments?+
Park Place Apartments offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom units, for a total of 32 units.
Who manages Park Place Apartments?+
Park Place Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Park Place Apartments?+
Park Place Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the HUD inspection score for Park Place Apartments?+
Park Place Apartments has a HUD inspection score of 74 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What is the price range for apartments in Prestonsburg, KY?+
Based on Fair Market Rent for Floyd County, the estimated price range is: 1-bedroom: $668, 2-bedroom: $878. Actual rent at Park Place Apartments may be lower for income-eligible households.
Who is eligible to live at Park Place Apartments?+
Park Place Apartments primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Park Place Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Floyd County, KY?+
For a 4-person household in Floyd County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,150, Low Income (80% AMI): $43,450. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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