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Affordable Housing In Atoka
Tipton County, Tennessee

Housing Authorities that serve Atoka

Housing Authority Programs
Tennessee Housing Development Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership

Guide To Affordable Housing in Atoka, Tennessee

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Atoka, Tennessee.

Income Based Apartments in Atoka, Tennessee

Atoka 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 Atoka, Tennessee

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

Housing Choice Vouchers in Atoka, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Atoka, Tennessee for a two-bedroom apartment is between $820 and $1,002.

2021 Atoka, 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
Atoka, Tennessee Fair Market Rent $686 $784 $911 $1,228 $1,412
Atoka, Tennessee Payment Standard Range $617 to $755 $706 to $862 $820 to $1,002 $1,105 to $1,351 $1,271 to $1,553

Sourced from federal housing data and AffordableHousingOnline.com research.

Atoka, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 14.57%
Average Renter Household Size 2.51
Average Household Size 2.88
Median Household Income $83,961 ±$7,336
Median Rent $1,141 ±$126
Percentage Of Renters Overburdened 49.89% ± 27.41pp
Total Population 8,845

Population and Household Demographics

Atoka is a city in Tipton County, Tennessee with a population of 8,845. There are 3,067 households in the city with an average household size of 2.88 persons. 14.57% of households in Atoka are renters.

Income and Rent Overburden in Atoka

The median gross income for households in Atoka is $83,961 a year, or $6,997 a month. The median rent for the city is $1,141 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Atoka, a household making less than $3,803 a month would be considered overburdened when renting an apartment at or above the median rent. 49.89% of households who rent are overburdened in Atoka.

Area Median Income In Atoka

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 Atoka, the AMI is calculated from all households within Tipton County.

In Atoka, HUD calculates the Area Median Income for a family of four as $68,700

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 Atoka

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 Atoka

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Atoka AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,450 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Atoka AMI may qualify for rental assistance programs that target Very Low Income households.
$24,050 $27,500 $30,950 $34,350 $37,100 $39,850 $42,600 $45,350
80% AMI Income Limits
Renters earning up to 80% of the Atoka AMI may qualify for rental assistance programs that target Low Income households.
$38,500 $44,000 $49,500 $54,950 $59,350 $63,750 $68,150 $72,550