2 waitlists are currently open in Richmond, KY
Apply before waitlists close. Check each listing for details and deadlines.
Fair Market Rent - Madison 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 | $750 |
| 1 Bedroom | $794 |
| 2 Bedroom | $914 |
| 3 Bedroom | $1,288 |
| 4 Bedroom | $1,301 |
Income Limits - Madison County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
Frequently Asked Questions About Housing in Richmond, KY
How many affordable housing options are in Richmond, Kentucky?+
There are 18 affordable housing properties in Richmond, Kentucky, including 2 public housing, 14 Low-Income Housing Tax Credit (LIHTC), 2 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Richmond, Kentucky?+
The Fair Market Rent for Madison County, Kentucky is: Studio: $750, 1BR: $794, 2BR: $914, 3BR: $1288. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Richmond, Kentucky?+
To apply for Section 8 (Housing Choice Voucher) in Richmond, Kentucky, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Madison County, Kentucky?+
For a 4-person household in Madison County, Kentucky, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in Richmond, Kentucky?+
Yes, there are currently 2 housing authorities with open waitlists in Richmond, Kentucky. Look for the "Waitlist Open" badge on listings above, or use the waitlist filter to find them quickly. Waitlist availability changes frequently, so apply as soon as possible.
What types of affordable housing are available in Richmond, Kentucky?+
Richmond, Kentucky has the following types of affordable housing: Public Housing (government-owned units with income-based rent); LIHTC properties (privately owned, tax-credit funded affordable apartments); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of Richmond, Kentucky?+
Richmond, Kentucky has an estimated population of 35,744. With 18 affordable housing properties serving the area, there are housing assistance options available for eligible residents.