Affordable & Low-Income Housing in Water Valley, KY 42085
No income-restricted buildings are listed in 42085 — here are the closest ones.
No income-restricted buildings are listed in Water Valley, KY 42085. 11 income-restricted buildings are listed nearby (within about 10 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 42085
North Gate
100 Friendship Dr, Fulton, KY 42041
5.8 mi away
204 units · 1–3 BR
- Apply through Housing Authority of Fulton
- Residents waited about 3 months to move in (HUD, Oct 2026)
Parkway Square Apartments
1001 Airport Rd, Fulton, KY 42041
6.1 mi away
24 units · 1–2 BR
- Several buildings — call for addresses
Plumlee Apts.
55 Plumlee St, Wingo, KY 42088
6.1 mi away
4 units · 1 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Wingo Apartments
90 Atlantic Avenue, Wingo, KY 42088
6.2 mi away
16 units · 1–3 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Fulton Apts
1109 Middle Rd, Fulton, KY 42041
6.4 mi away
38 units · 1 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Southside Manor Apartments
722 Broadway St, South Fulton, TN 38257
6.9 mi away
66 units · 1–4+ BR · People with disabilities
Eaglewood Estates
305 Connell Drive, South Fulton, TN 38257
7.4 mi away
40 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
No nearby buildings match this filter.
Rents and income limits in 42085
- Fair market rent, 2 bedrooms
- $910/mo
- Income needed to pay it at 30% of income
- $36,400/yr
- Renters in 42085 paying 30% or more of income on rent
- 73%
Income limits (2026)
Graves County, KY area · median family income $64,200. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $15,960 | $25,200 | $40,250 |
| 2 | $21,640 | $28,800 | $46,000 |
| 3 | $27,320 | $32,400 | $51,750 |
| 4 | $33,000 | $35,950 | $57,500 |
| 5 | $38,680 | $38,850 | $62,100 |
| 6 | $41,750 | $41,750 | $66,700 |
| 7 | $44,600 | $44,600 | $71,300 |
| 8 | $47,500 | $47,500 | $75,900 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 42085 | Wider area |
|---|---|---|
| Studio | $650 | $650 |
| 1 bedroom | $690 | $695 |
| 2 bedrooms | $910 | $909 |
| 3 bedrooms | $1,210 | $1,219 |
| 4 bedrooms | $1,260 | $1,270 |
Wider area = Graves County, KY. Two-bedroom fair market rents in 4 nearby ZIPs range from $910 (42088) to $1,040 (38257).
Census figures for 42085 (2020–2024 average): median rent $746. Median household income $57,679. 30% of homes are rented. 73% of renters pay 30% or more of their income on rent, and 61% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 42085's fair market rent.
Estimate your Section 8 rent share for 42085Frequently Asked Questions
Is there Section 8 housing in Water Valley, KY 42085?
Yes — this directory lists income-restricted buildings in Water Valley, KY 42085, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Water Valley, KY 42085 have openings?
These lists for Water Valley, KY 42085 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Water Valley, KY 42085?
Use the phone number on each building card in Water Valley, KY 42085. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Water Valley, KY 42085?
In Water Valley, KY 42085, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 42085?
No income-restricted buildings are listed in ZIP 42085 right now. 11 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 42085?
Yes — this page also lists 11 income-restricted buildings in ZIP codes near Water Valley, KY 42085 (within about 10 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Water Valley, KY 42085?
Most income-restricted buildings in Water Valley, KY 42085 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $25,200, and $35,950 for a 4-person household. Public housing can go up to 80% ($40,250 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Water Valley, KY 42085?
For many programs in Water Valley, KY 42085, the 2026 HUD very low-income (50%) limit is $25,200 a year for 1 person and $35,950 for 4 people. The low-income (80%) limit is $40,250 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How long is the waiting list for Section 8 in Water Valley, KY 42085?
There is no single waiting list for Water Valley, KY 42085. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Water Valley, KY 42085?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Water Valley, KY 42085?
In public housing and most Section 8 in Water Valley, KY 42085, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Water Valley, KY 42085 is $910 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Can I use a Section 8 voucher at affordable apartments in Water Valley, KY 42085?
A Housing Choice Voucher is not automatically accepted at every building in Water Valley, KY 42085. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Water Valley, KY 42085?
This page may still list buildings in Water Valley, KY 42085 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
Map loads here…
This ZIPNearbyOpen a pin for the building name.