1 waitlist is currently open in Franklin County
Apply before waitlists close. Check each listing for details and deadlines.
Fair Market Rent - Franklin 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 | $731 |
| 1 Bedroom | $831 |
| 2 Bedroom | $1,042 |
| 3 Bedroom | $1,373 |
| 4 Bedroom | $1,687 |
Income Limits - Franklin County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,150
- Very Low (50%)
- $25,200
- Low (80%)
- $40,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,900
- Low (80%)
- $62,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,150 | $25,200 | $40,350 |
| 2 Persons | $17,420 | $28,800 | $46,100 |
| 3 Persons | $21,960 | $32,400 | $51,850 |
| 4 Persons | $26,500 | $36,000 | $57,600 |
| 5 Persons | $31,040 | $38,900 | $62,250 |
| 6 Persons | $35,580 | $41,800 | $66,850 |
| 7 Persons | $40,120 | $44,650 | $71,450 |
| 8 Persons | $44,660 | $47,550 | $76,050 |
All Cities in Franklin County
Frequently Asked Questions About Housing in Franklin County, KY
How many affordable housing options are in Franklin County, Kentucky?+
Franklin County, Kentucky has 97 affordable housing listings across 1 cities, with a total of 207 housing units. This includes 73 public housing, 22 LIHTC, and 2 housing authority listings.
What cities in Franklin County have affordable housing?+
Franklin County has affordable housing in 1 cities. The top cities include Frankfort. Browse the city listings on this page to see all available options by location.
What are the Fair Market Rents in Franklin County, Kentucky?+
The HUD Fair Market Rent (FMR) for Franklin County, Kentucky is: Studio: $731, 1BR: $831, 2BR: $1042, 3BR: $1373, 4BR: $1687. FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit. Subsidized housing typically charges 30% of the tenant's income.
What are the income limits for affordable housing in Franklin County, Kentucky?+
For a 4-person household in Franklin County, Kentucky: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,000, Low Income (80% AMI): $57,600. These HUD-set limits determine eligibility for various housing programs and are updated annually.
How do I apply for affordable housing in Franklin County, Kentucky?+
To apply for affordable housing in Franklin County, Kentucky: 1) Browse the listings on this page to find properties in your preferred city, 2) Contact the property or housing authority directly, 3) Complete their application, and 4) Provide proof of income and household size. Waitlist times vary — apply to multiple properties to maximize your chances.
What types of housing programs are available in Franklin County, Kentucky?+
Franklin County, Kentucky offers three main types of affordable housing: Public Housing (73 listings) — government-owned properties with income-based rent; LIHTC (22 listings) — privately owned apartments built with tax credits, offering below-market rents; and Housing Authorities (2 listings) — agencies administering Section 8 vouchers and public housing programs.
Are there open waitlists for affordable housing in Franklin County, Kentucky?+
Yes, there are currently 1 housing authority with open waitlists in Franklin County, Kentucky. Browse the city listings below and look for the waitlist status badges to find open applications. Waitlist availability changes frequently, so check back often or contact the housing authority directly.
How large is the population of Franklin County?+
Franklin County has an estimated population of 27,705 across 1 cities. With 97 affordable housing properties serving the area, the county provides a range of housing assistance options for eligible residents.