Out of Reach

Out of Reach:

Rental Housing At What Cost?

October, 1998

Kentucky

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State and Metro Area Data

									Income Needed to Afford FMR						Estimated % Renters unable to afford FMR		Hourly Wage Needed to Afford		Percent of Federal Minimum Wage (@$5.15)		Work Hours/week Necessary at Minimum Wage
		FAIR MARKET RENTS BY NUMBER OF BEDROOMS							Amount		Percent of AMI		Estimated % of Renter median
	1990 RENTER HOUSEHOLDS	Zero	One	Two	Three	Four	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom
Kentucky	234,012	$ 314	$ 392	$ 488	$ 664	$ 719	$ 44,468	$ 28,189	$ 15,686	$ 19,510	35%	44%	56%	69%	30%	37%	$ 7.54	$ 9.38	146%	182%	59	73	Kentucky
METRO AREA																							METRO AREA
Gallatin County, KY	473	$ 252	$ 344	$ 421	$ 527	$ 689	$ 39,000	$ 25,000	$ 13,760	$ 16,840	35%	43%	55%	67%	30%	35%	$ 6.62	$ 8.10	128%	157%	51	63	Gallatin County, KY
Grant County, KY	1,282	$ 251	$ 299	$ 396	$ 553	$ 654	$ 39,500	$ 23,900	$ 11,960	$ 15,840	30%	40%	50%	66%	27%	35%	$ 5.75	$ 7.62	112%	148%	45	59	Grant County, KY
Lexington, KY	64,164	$ 335	$ 418	$ 511	$ 697	$ 787	$ 44,700	$ 29,549	$ 16,720	$ 20,440	37%	46%	57%	69%	30%	37%	$ 8.04	$ 9.83	156%	191%	62	76	Lexington, KY
Louisville, KY-IN	118,668	$ 310	$ 398	$ 488	$ 674	$ 711	$ 44,600	$ 27,533	$ 15,920	$ 19,520	36%	44%	58%	71%	31%	37%	$ 7.65	$ 9.38	149%	182%	59	73	Louisville, KY-IN
Owensboro, KY	10,292	$ 292	$ 303	$ 398	$ 535	$ 559	$ 38,800	$ 21,900	$ 12,100	$ 15,900	31%	41%	55%	73%	30%	38%	$ 5.82	$ 7.64	113%	148%	45	59	Owensboro, KY
Pendleton County, KY	1,078	$ 253	$ 293	$ 391	$ 491	$ 549	$ 40,500	$ 24,200	$ 11,700	$ 15,600	29%	39%	48%	64%	26%	34%	$ 5.63	$ 7.50	109%	146%	44	58	Pendleton County, KY

County Data

					Income Needed to Afford FMR						Estimated % Renters unable to afford FMR
					Amount		Percent of AMI		Estimated % of Renter median
County	Metro Area	Renter Households, 1990	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	County
Boone County	Cincinnati, OH-KY-	5,639	$ 51,500	$ 31,400	$ 15,600	$ 20,840	30%	40%	50%	66%	26%	35%	Boone County
Bourbon County	Lexington, KY	2,712	$ 44,700	$ 26,900	$ 16,720	$ 20,440	37%	46%	62%	76%	33%	40%	Bourbon County
Boyd County	Huntington-Ashland	5,424	$ 32,900	$ 20,300	$ 13,920	$ 17,160	42%	52%	69%	85%	37%	43%	Boyd County
Bullitt County	Louisville, KY-IN	2,500	$ 44,600	$ 27,200	$ 15,920	$ 19,520	36%	44%	59%	72%	31%	38%	Bullitt County
Campbell County	Cincinnati, OH-KY-	9,901	$ 51,500	$ 30,900	$ 15,600	$ 20,840	30%	40%	50%	67%	27%	35%	Campbell County
Carter County	Huntington-Ashland	1,733	$ 32,900	$ 22,100	$ 13,920	$ 17,160	42%	52%	63%	78%	33%	41%	Carter County
Christian County	Clarksville-Hopkin	10,017	$ 36,800	$ 28,900	$ 14,840	$ 17,360	40%	47%	51%	60%	27%	32%	Christian County
Clark County	Lexington, KY	3,481	$ 44,700	$ 27,600	$ 16,720	$ 20,440	37%	46%	61%	74%	32%	39%	Clark County
Daviess County	Owensboro, KY	10,292	$ 38,800	$ 21,900	$ 12,120	$ 15,920	31%	41%	55%	73%	30%	38%	Daviess County
Fayette County	Lexington, KY	42,069	$ 44,700	$ 30,300	$ 16,720	$ 20,440	37%	46%	55%	67%	30%	35%	Fayette County
Gallatin County	Gallatin County, K	473	$ 39,000	$ 25,000	$ 13,760	$ 16,840	35%	43%	55%	67%	30%	35%	Gallatin County
Grant County	Grant County, KY	1,282	$ 39,500	$ 23,900	$ 11,960	$ 15,840	30%	40%	50%	66%	27%	35%	Grant County
Greenup County	Huntington-Ashland	2,463	$ 32,900	$ 21,900	$ 13,920	$ 17,160	42%	52%	64%	78%	33%	41%	Greenup County
Henderson County	Evansville-Henders	5,484	$ 43,700	$ 27,200	$ 13,080	$ 16,960	30%	39%	48%	62%	26%	33%	Henderson County
Jefferson County	Louisville, KY-IN	93,748	$ 44,600	$ 27,700	$ 15,920	$ 19,520	36%	44%	57%	70%	31%	37%	Jefferson County
Jessamine County	Lexington, KY	3,354	$ 44,700	$ 26,500	$ 16,720	$ 20,440	37%	46%	63%	77%	33%	40%	Jessamine County
Kenton County	Cincinnati, OH-KY-	18,012	$ 51,500	$ 32,200	$ 15,600	$ 20,840	30%	40%	48%	65%	26%	34%	Kenton County
Madison County	Lexington, KY	7,591	$ 44,700	$ 30,600	$ 16,720	$ 20,440	37%	46%	55%	67%	30%	35%	Madison County
Oldham County	Louisville, KY-IN	1,802	$ 44,600	$ 21,000	$ 15,920	$ 19,520	36%	44%	76%	93%	39%	48%	Oldham County
Pendleton County	Pendleton County,	1,078	$ 40,500	$ 24,200	$ 11,720	$ 15,640	29%	39%	48%	65%	26%	34%	Pendleton County
Scott County	Lexington, KY	2,873	$ 44,700	$ 26,700	$ 16,720	$ 20,440	37%	46%	63%	77%	33%	40%	Scott County
Woodford County	Lexington, KY	2,084	$ 44,700	$ 26,100	$ 16,720	$ 20,440	37%	46%	64%	78%	34%	41%	Woodford County

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.

NOTES:

FMR = Fair Market Rent
AMI = Area Median Income, determined by HUD
HUD = Department of Housing and Urban Development
EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income
Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs.
% Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent.
Wage calculations are based on a 40 hour week for 52 weeks per year.
The federal minimum wage is $5.15/hour.
Rows are shaded for navigational purposes only.

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