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Affordable Housing In Benton
Polk County, Tennessee

3 Low Income Apartment Communities In Benton

Blue Ridge Landing

118 Chilhowee Cir
Benton, Tennessee
$385-435
1-2 BR
Subsidized

Walnut Creek Apartments

1725 Benton Station Rd
Benton, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Benton Elderly Housing

401 Highland Dr
Benton, Tennessee
Subsidized
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Housing Authorities that serve Benton

Housing Authority Programs
Southeast Tennessee Human Resource Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Benton, Tennessee

There are 3 low income housing apartment communities offering 96 affordable apartments for rent in Benton, Tennessee.

Income Based Apartments in Benton, Tennessee

Benton features 96 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 Benton, Tennessee

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

Housing Choice Vouchers in Benton, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Benton, Tennessee for a two-bedroom apartment is between $726 and $888.

2020 Benton, 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 $526 $613 $807 $1,029 $1,214
Payment Standard Range $473 to $579 $552 to $674 $726 to $888 $926 to $1,132 $1,093 to $1,335

Sourced from federal housing data and AffordableHousingOnline.com research.

Benton, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 96
Total Housing Units with Rental Assistance 96
Percentage of Housing Units Occupied By Renters 38.55%
Average Renter Household Size 2.64
Average Household Size 2.67
Median Household Income $37,344 ±$6,376
Median Rent $613 ±$52
Percentage Of Renters Overburdened 25% ± 10.54pp
Total Population 1,897

Population and Household Demographics

Benton is a city in Polk County, Tennessee with a population of 1,897. There are 664 households in the city with an average household size of 2.67 persons. 38.55% of households in Benton are renters.

Income and Rent Overburden in Benton

The median gross income for households in Benton is $37,344 a year, or $3,112 a month. The median rent for the city is $613 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Benton, a household making less than $2,043 a month would be considered overburdened when renting an apartment at or above the median rent. 25% of households who rent are overburdened in Benton.

Area Median Income In Benton

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 Benton, the AMI is calculated from all households within Polk County.

In Benton, HUD calculates the Area Median Income for a family of four as $61,400

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 Benton

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 Benton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,900 $17,240 $21,720 $26,200 $30,680 $35,160 $38,100 $40,550
50% of Median $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $38,100 $40,550
80% of Median $34,400 $39,300 $44,200 $49,100 $53,050 $57,000 $60,900 $64,850