Affordable Housing In Carthage
5 Low Income Apartment Communities In Carthage
Housing Authorities that serve Carthage
|Gallatin Housing Authority||Public Housing|
|South Carthage Housing Authority||Public Housing|
|Tennessee Housing Development Agency Central Office||Section 8 Housing Choice Voucher (HCV); Mainstream Voucher|
|Tennessee Housing Development Agency East Tennessee Office||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency|
Guide To Affordable Housing in Carthage, Tennessee
There are 5 low income housing apartment communities offering 161 affordable apartments for rent in Carthage, Tennessee.
Income Based Apartments in Carthage, Tennessee
Carthage features 161 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 Carthage, Tennessee
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carthage.
Housing Choice Vouchers in Carthage, Tennessee
On average, Section 8 Housing Choice vouchers pay Carthage landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Carthage.
The maximum amount a voucher would pay on behalf of a low-income tenant in Carthage, Tennessee for a two-bedroom apartment is between $626 and $766.
2020 Carthage, 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||$525||$528||$696||$867||$1,086|
|Payment Standard Range||$473 to $578||$475 to $581||$626 to $766||$780 to $954||$977 to $1,195|
Sourced from federal housing data and AffordableHousingOnline.com research.
Carthage, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||161|
|Total Housing Units with Rental Assistance||161|
|Percentage of Housing Units Occupied By Renters||50.24%|
|Average Renter Household Size||1.86|
|Average Household Size||2.13|
|Median Household Income||$31,742 ±$5,896|
|Median Rent||$420 ±$62|
|Percentage Of Renters Overburdened||37.5% ± 11.17pp|
Population and Household Demographics
Carthage is a city in Smith County, Tennessee with a population of 2,025. There are 844 households in the city with an average household size of 2.13 persons. 50.24% of households in Carthage are renters.
Income and Rent Overburden in Carthage
The median gross income for households in Carthage is $31,742 a year, or $2,645 a month. The median rent for the city is $420 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carthage, a household making less than $1,400 a month would be considered overburdened when renting an apartment at or above the median rent. 37.5% of households who rent are overburdened in Carthage.
Area Median Income In Carthage
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 Carthage, the AMI is calculated from all households within Smith County.
In Carthage, HUD calculates the Area Median Income for a family of four as $56,200
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 Carthage
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 Carthage
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,350||$32,600||$34,850||$37,100|
|50% of Median||$19,700||$22,500||$25,300||$28,100||$30,350||$32,600||$34,850||$37,100|
|80% of Median||$31,500||$36,000||$40,500||$44,950||$48,550||$52,150||$55,750||$59,350|