Affordable Housing In Dyersburg
Dyer County, Tennessee

13 Low Income Apartment Communities In Dyersburg

Dyersburg Rental Project

469 Fairbanks Ave
Dyersburg, TN
HCV Welcome

Gardner Heights

300 Wilson Cir
Dyersburg, TN

Peachtree Park Apartments

1970 Peach Ave
Dyersburg, TN
HCV Welcome

There are 13 low income housing apartment complexes which contain 959 affordable apartments for rent in Dyersburg. Many of these rental apartments are income based housing with 831 apartments that set rent based on your income. In Dyersburg, HUD housing programs support 180 rental assistance apartments through programs like Project-based Section 8. There are 128 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Dyersburg

Housing Authority Programs
Dyersburg Housing Authority Public Housing
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Dyersburg, Tennessee

Dyersburg, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 959
Total Rent Assisted Apartments 831
Percentage of Housing Units Occupied By Renters 49.94%
Average Renter Household Size 2.34
Total Population 16,932
Housing Units 7,034
Average Household Size 2.33
Median Household Income $34,948 ±$3,795
Median Rent $600 ±$24
Percentage Of Renters Overburdened 37.57% ± 8.83pp

Population and Household Demographics

Dyersburg is a City in Dyer County, Tennessee with a population of 16,932. There are 7,034 households in the city with an average household size of 2.33 persons. 49.94% of households in Dyersburg are renters.

Income and Rent Overburden in Dyersburg

The median gross income for households in Dyersburg is $34,948 a year, or $2,912 a month. The median rent for the city is $600 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Dyersburg, a household making less than $2,000 a month would be considered overburdened when renting an apartment at or above the median rent. 37.57% of households who rent are overburdened in Dyersburg.1

Area Median Income In Dyersburg

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 Dyersburg, the AMI is calculated from all households within Dyer County.

In Dyersburg, HUD calculates the Area Median Income for a family of four as $55,700

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 Dyersburg

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 Dyersburg HUD Rental Assistance in Dyersburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,100 $32,350 $34,550 $36,800
50% of Median $19,500 $22,300 $25,100 $27,850 $30,100 $32,350 $34,550 $36,800
80% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
Low Income Housing Tax Credits in Dyersburg

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2001, 2 low income apartment communities containing 160 rental apartments have been constructed and made affordable to low income persons in Dyersburg by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Dyersburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,500 $22,300 $25,100 $27,850 $30,100 $32,350 $34,550 $36,800
60% of Median $23,400 $26,760 $30,120 $33,420 $36,120 $38,820 $41,460 $44,160

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Dyersburg is $30,120 a year, or $2,510 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,510 by 30% to get a maximum rent of $753 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $488 $523 $628 $724 $809 $892
60% $585 $627 $753 $869 $971 $1,070
Fair Market Rents in Dyersburg

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$473 $485 $642 $928 $971