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Affordable Housing In Cornersville
Marshall County, Tennessee

2 Low Income Apartment Communities In Cornersville

Tanglewood Apartments

300 Tanglewood Ct
Cornersville, Tennessee
Subsidized

Oscar Brooks Apartments

9285 Central Project St
Cornersville, Louisiana
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Housing Authorities that serve Cornersville

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 Cornersville, Tennessee

There are 2 low income housing apartment communities offering 175 affordable apartments for rent in Cornersville, Tennessee.

Income Based Apartments in Cornersville, Tennessee

Cornersville features 175 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 Cornersville, Tennessee

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

Housing Choice Vouchers in Cornersville, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cornersville, Tennessee for a two-bedroom apartment is between $672 and $822.

2020 Cornersville, 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 $563 $567 $747 $948 $1,012
Payment Standard Range $507 to $619 $510 to $624 $672 to $822 $853 to $1,043 $911 to $1,113

Sourced from federal housing data and AffordableHousingOnline.com research.

Cornersville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 175
Total Housing Units with Rental Assistance 175
Percentage of Housing Units Occupied By Renters 26.68%
Average Renter Household Size 2.41
Average Household Size 2.52
Median Household Income $44,934 ±$8,109
Median Rent $713 ±$185
Percentage Of Renters Overburdened 37.41% ± 23.04pp
Total Population 1,315

Population and Household Demographics

Cornersville is a city in Marshall County, Tennessee with a population of 1,315. There are 521 households in the city with an average household size of 2.52 persons. 26.68% of households in Cornersville are renters.

Income and Rent Overburden in Cornersville

The median gross income for households in Cornersville is $44,934 a year, or $3,745 a month. The median rent for the city is $713 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cornersville, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 37.41% of households who rent are overburdened in Cornersville.

Area Median Income In Cornersville

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 Cornersville, the AMI is calculated from all households within Marshall County.

In Cornersville, HUD calculates the Area Median Income for a family of four as $58,600

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 Cornersville

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 Cornersville

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 $30,680 $34,000 $36,350 $38,700
50% of Median $20,550 $23,450 $26,400 $29,300 $31,650 $34,000 $36,350 $38,700
80% of Median $32,850 $37,550 $42,250 $46,900 $50,700 $54,450 $58,200 $61,950