What HUD offices serve Collierville, 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 Collierville.
How many renters live in Collierville, Tennessee?
The City of Collierville has people living in households.
There are renters living in renter households in this City. Renters make up 16.88 percent of the population living in Collierville.
What is the rental market like in Collierville, Tennessee?
There are an estimated housing units in the Collierville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Collierville, Tennessee, there are 1.16 rental units.
What is the vacancy rate for rentals in Collierville?
The rental vacancy rate in Collierville is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Collierville for each bedroom size?
Occupied Rental Units by Size in Collierville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 93 | 782 | 1,328 | 1,028 | 182 |
Occupied Rental Units by Size in Collierville
A large number of apartments in Collierville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Collierville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,031 |
| One BR | $1,146 |
| Two BR | $1,298 |
| Three BR | $1,711 |
| Four BR | $1,995 |
2024 Fair Market Rents in Collierville, Tennessee
How many units are rented at Fair Market Rent (FMR) in Collierville?
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 |
| Studio | 6 | 6 percent |
| One BR | 185 | 24 percent |
| Two BR | 512 | 39 percent |
Rental Units Below FMR in Collierville, Tennessee
How many affordable rental units are in Collierville?
There are a variety of federal affordable housing programs serving households in Collierville, Tennessee including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Collierville, Tennessee
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Collierville, Tennessee
Collierville features 70 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 Collierville, Tennessee
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Collierville.
Housing Choice Vouchers in Collierville, Tennessee
On average, Section 8 Housing Choice vouchers pay Collierville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Collierville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Collierville, Tennessee for a two-bedroom apartment is between $1,168 and $1,428.
Sourced from federal housing data and AffordableHousingOnline.com research.