Affordable Housing In Bell Buckle
Bedford County, Tennessee

Housing Authorities that serve Bell Buckle

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

Guide To Affordable Housing in Bell Buckle, Tennessee

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

Income Based Apartments in Bell Buckle, Tennessee

Bell Buckle 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 Bell Buckle, Tennessee

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

Housing Choice Vouchers in Bell Buckle, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bell Buckle, Tennessee for a two-bedroom apartment is between $691 and $845.

2020 Bell Buckle, 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 $590 $594 $768 $979 $1,173
Payment Standard Range $531 to $649 $535 to $653 $691 to $845 $881 to $1,077 $1,056 to $1,290

Sourced from federal housing data and AffordableHousingOnline.com research.

Bell Buckle, 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 33.33%
Average Renter Household Size 2.80
Average Household Size 2.56
Median Household Income $61,458 ±$20,218
Median Rent $888 ±$152
Percentage Of Renters Overburdened 14.63% ± 8.28pp
Total Population 400

Population and Household Demographics

Bell Buckle is a City in Bedford County, Tennessee with a population of 400. There are 123 households in the city with an average household size of 2.56 persons. 33.33% of households in Bell Buckle are renters.

Income and Rent Overburden in Bell Buckle

The median gross income for households in Bell Buckle is $61,458 a year, or $5,122 a month. The median rent for the city is $888 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bell Buckle, a household making less than $2,960 a month would be considered overburdened when renting an apartment at or above the median rent. 14.63% of households who rent are overburdened in Bell Buckle.1

Area Median Income In Bell Buckle

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 Bell Buckle, the AMI is calculated from all households within Bedford County.

In Bell Buckle, HUD calculates the Area Median Income for a family of four as $53,300

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 Bell Buckle

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 Bell Buckle

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,800 $30,950 $33,050 $35,200
50% of Median $18,700 $21,350 $24,000 $26,650 $28,800 $30,950 $33,050 $35,200
80% of Median $29,900 $34,150 $38,400 $42,650 $46,100 $49,500 $52,900 $56,300