Affordable Housing In Ashland City
Cheatham County, Tennessee

2 Low Income Apartment Communities In Ashland City

Sycamore Place Apartments

109 Claudia Ln
Ashland City, TN
Income Based
2-3 BR
Accepts Vouchers

Forest Oaks Apartments

2150 Bell St
Ashland City, TN
Accepts Vouchers
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Housing Authorities that serve Ashland City

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency Middle Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Ashland City, Tennessee

There are 2 low income housing apartment communities offering 219 affordable apartments for rent in Ashland City, Tennessee.

Income Based Apartments in Ashland City, Tennessee

Ashland City features 0 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 Ashland City, Tennessee

There are 219 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ashland City.

Housing Choice Vouchers in Ashland City, Tennessee

On average, Section 8 Housing Choice vouchers pay Ashland City landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Ashland City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ashland City, Tennessee for a two-bedroom apartment is between $1,022 and $1,250.

2020 Ashland City, Tennessee 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 $898 $957 $1,136 $1,484 $1,822
Payment Standard Range $808 to $988 $861 to $1,053 $1,022 to $1,250 $1,336 to $1,632 $1,640 to $2,004

Sourced from federal housing data and research.

Ashland City, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 219
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 39.46%
Average Renter Household Size 2.07
Average Household Size 2.25
Median Household Income $39,777 ±$9,385
Median Rent $787 ±$55
Percentage Of Renters Overburdened 42.88% ± 13.5pp
Total Population 4,650

Population and Household Demographics

Ashland City is a City in Cheatham County, Tennessee with a population of 4,650. There are 1,974 households in the city with an average household size of 2.25 persons. 39.46% of households in Ashland City are renters.

Income and Rent Overburden in Ashland City

The median gross income for households in Ashland City is $39,777 a year, or $3,315 a month. The median rent for the city is $787 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ashland City, a household making less than $2,623 a month would be considered overburdened when renting an apartment at or above the median rent. 42.88% of households who rent are overburdened in Ashland City.1

Area Median Income In Ashland City

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 Ashland City, the AMI is calculated from all households within Cheatham County.

In Ashland City, HUD calculates the Area Median Income for a family of four as $80,000

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 Ashland City

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 Ashland City HUD Rental Assistance in Ashland City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
80% of Median $44,800 $51,200 $57,600 $64,000 $69,150 $74,250 $79,400 $84,500