What HUD offices serve Castalian Springs, Tennessee?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Castalian Springs.
How many renters live in Castalian Springs, Tennessee?
The City of Castalian Springs has people living in households.
What is the vacancy rate for rentals in Castalian Springs?
The rental vacancy rate in Castalian Springs is percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Castalian Springs for each bedroom size?
Occupied Rental Units by Size in Castalian Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
Occupied Rental Units by Size in Castalian Springs
Castalian Springs has a large number of apartments with three or more bedrooms. Families with children may have more success finding an apartment that meets their needs.
How Much Is Rent in Castalian Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,404 to $2,482. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,404 |
| One BR | $1,442 |
| Two BR | $1,619 |
| Three BR | $2,035 |
| Four BR | $2,482 |
2024 Fair Market Rents in Castalian Springs, Tennessee
How many units are rented at Fair Market Rent (FMR) in Castalian Springs?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
Rental Units Below FMR in Castalian Springs, Tennessee
How many affordable rental units are in Castalian Springs?
Income Based Apartments in Castalian Springs, Tennessee
Castalian Springs 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 Castalian Springs, Tennessee
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Castalian Springs.
Housing Choice Vouchers in Castalian Springs, Tennessee
On average, Section 8 Housing Choice vouchers pay Castalian Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Castalian Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Castalian Springs, Tennessee for a two-bedroom apartment is between $1,457 and $1,781.
Sourced from federal housing data and AffordableHousingOnline.com research.