The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Pike County, KY, KY

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Pike County, KY, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $594 to a high of $726, with an average of $660.
One-bedroom: One-bedroom rental prices vary, with a minimum of $706, a maximum of $862, and an average of $784.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $820, peaking at a maximum of $1,002, and averaging at $911.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $992, a maximum of $1,212, and an average of $1,102.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,192 to a maximum of $1,456, with an average of $1,324.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Pike County, KY Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Pike County, KY, KY Low Rent (90%) $594 $706 $820 $992 $1,192
Average Rent $660 $784 $911 $1,102 $1,324
High Rent(110%) $726 $862 $1,002 $1,212 $1,456
2023 Pike County, KY, KY Low Rent (90%) $504 $616 $695 $846 $1,040
Average Rent $560 $684 $772 $940 $1,155
High Rent (110%) $616 $752 $849 $1,034 $1,271
2022 Pike County, KY, KY Low Rent (90%) $459 $524 $627 $776 $962
Average Rent $510 $582 $697 $862 $1,069
High Rent(110%) $561 $640 $767 $948 $1,176
2021 Pike County, KY, KY Low Rent (90%) $509 $509 $640 $796 $973
Average Rent $566 $566 $711 $884 $1,081
High Rent (110%) $623 $623 $782 $972 $1,189
2020 Pike County, KY, KY Low Rent (90%) $479 $482 $621 $774 $949
Average Rent $532 $535 $690 $860 $1,054
High Rent(110%) $585 $589 $759 $946 $1,159
2019 Pike County, KY, KY Low Rent (90%) $441 $465 $616 $771 $906
Average Rent $490 $517 $684 $857 $1,007
High Rent (110%) $539 $569 $752 $943 $1,108
2018 Pike County, KY, KY Low Rent (90%) $434 $456 $607 $761 $826
Average Rent $482 $507 $674 $845 $918
High Rent(110%) $530 $558 $741 $930 $1,010
2017 Pike County, KY, KY Low Rent (90%) $413 $432 $574 $727 $791
Average Rent $459 $480 $638 $808 $879
High Rent (110%) $505 $528 $702 $889 $967


Discover Section 8 FMR in Pike County, KY by zip code