Low Income Apartments and Affordable Housing For Rent in Wartrace, TN

Discover affordable housing in Wartrace where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Posthouse Apartments

515 Blackman Blvd West, Wartrace, Tennessee

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wartrace, Tennessee
$19.26/hour
$12.01 (+166%) more than Tennessee minimum wage and $12.01 (+166%) more than the Federal minimum wage.
Learn More About Wartrace, Tennessee Affordable Housing ↓

What HUD offices serve Wartrace, Tennessee?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Wartrace, Tennessee.

Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Wartrace.

How many renters live in Wartrace, Tennessee?

The City of Wartrace has 656 people living in 288 households.

There are 131 renters living in 79 renter households in this City. Renters make up 19.97 percent of the population living in Wartrace.

What is the rental market like in Wartrace, Tennessee?

There are an estimated 398 housing units in the Wartrace area. Of these, 163 units are rental homes, making up 41 percent of the housing market. For every renter household in Wartrace, Tennessee, there are 2 rental units.

What is the vacancy rate for rentals in Wartrace?

The rental vacancy rate in Wartrace is 48 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Wartrace for each bedroom size?

Occupied Rental Units by Size in Wartrace
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 43 20 16 0
Occupied Rental Units by Size in Wartrace

A large number of apartments in Wartrace have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Wartrace are overburdened by housing costs?

Among renter households in this market, 61 percent have housing cost burden. Further, 15 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Wartrace

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $835 to $1,359. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $835
One BR $906
Two BR $1,017
Three BR $1,261
Four BR $1,359
2024 Fair Market Rents in Wartrace, Tennessee

How many units are rented at Fair Market Rent (FMR) in Wartrace?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 32 74 percent
Two BR 20 100 percent
Rental Units Below FMR in Wartrace, Tennessee

How many affordable rental units are in Wartrace?

There are a variety of federal affordable housing programs serving households in Wartrace, Tennessee including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Wartrace, Tennessee

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wartrace, Tennessee

Wartrace features 20 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Wartrace, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wartrace.

Housing Choice Vouchers in Wartrace, Tennessee

On average, Section 8 Housing Choice vouchers pay Wartrace landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wartrace.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wartrace, Tennessee for a two-bedroom apartment is between $915 and $1,119.

Sourced from federal housing data and AffordableHousingOnline.com research.