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Affordable Housing In Memphis
Macomb County, Michigan

Memphis city limits extend into  and  St Clair County.


Waiting List Openings In Memphis

Waiting ListStatus
Michigan State Housing Development Authority Housing Choice Voucher Open Now
Michigan State Housing Development Authority Housing Choice Voucher Open Now

1 Low Income Apartment Communities In Memphis

Belle River Court Kmg Prestige, Inc

81393 Belle River Rd
Memphis, Michigan
Subsidized
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Housing Authorities that serve Memphis

Housing Authority Programs
Detroit Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation; Family Unification Program (FUP)
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Ferndale Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Memphis, Michigan

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Memphis, Michigan.

Income Based Apartments in Memphis, Michigan

Memphis features 24 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 Memphis, Michigan

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

Housing Choice Vouchers in Memphis, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Memphis, Michigan for a two-bedroom apartment is between $879 and $1,075.

2020 Memphis, Michigan Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $639 $764 $977 $1,266 $1,376
Payment Standard Range $575 to $703 $688 to $840 $879 to $1,075 $1,139 to $1,393 $1,238 to $1,514

Sourced from federal housing data and AffordableHousingOnline.com research.

Memphis, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 33.74%
Average Renter Household Size 1.61
Average Household Size 2.52
Median Household Income $45,234 ±$12,066
Median Rent $534 ±$92
Percentage Of Renters Overburdened 54.55% ± 15.56pp
Total Population 1,230

Population and Household Demographics

Memphis is a city in Macomb County, Michigan with a population of 1,230. There are 489 households in the city with an average household size of 2.52 persons. 33.74% of households in Memphis are renters.

Income and Rent Overburden in Memphis

The median gross income for households in Memphis is $45,234 a year, or $3,770 a month. The median rent for the city is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Memphis, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 54.55% of households who rent are overburdened in Memphis.

Area Median Income In Memphis

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Memphis, the AMI is calculated from all households within Macomb County.

In Memphis, HUD calculates the Area Median Income for a family of four as $78,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Memphis

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Memphis

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,500 $18,850 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,500 $31,400 $35,350 $39,250 $42,400 $45,550 $48,700 $51,850
80% of Median $44,000 $50,250 $56,550 $62,800 $67,850 $72,850 $77,900 $82,900