Affordable Housing In Fairview
Williamson County, Tennessee

5 Low Income Apartment Communities In Fairview

Roundtree Manor II Apartments

1001 Roudntree Cir
Fairview, TN
Call For Rent
1-3 BR
Subsidized

Caspian Hills Apartments

7228 Caspian Dr
Fairview, TN
Call For Rent
2-3 BR
HCV Welcome

Maple Village

7112 Maple Village Ct
Fairview, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Roundtree Manor II

931 Fairview Blvd W
Fairview, TN
HCV Welcome

Park Village of Fairview

1025 Fairview Blvd
Fairview, TN
HCV Welcome
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There are 5 low income housing apartment complexes which contain 320 affordable apartments for rent in Fairview. Many of these rental apartments are income based housing with 80 apartments that set rent based on your income. In Fairview, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 240 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Fairview

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Fairview, Tennessee

Fairview, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 320
Total Rent Assisted Apartments 80
Percentage of Housing Units Occupied By Renters 22.36%
Average Renter Household Size 2.64
Total Population 8,121
Housing Units 2,893
Average Household Size 2.81
Median Household Income $59,406 ±$6,794
Median Rent $850 ±$113
Percentage Of Renters Overburdened 59.81% ± 16.4pp

Population and Household Demographics

Fairview is a City in Williamson County, Tennessee with a population of 8,121. There are 2,893 households in the city with an average household size of 2.81 persons. 22.36% of households in Fairview are renters.

Income and Rent Overburden in Fairview

The median gross income for households in Fairview is $59,406 a year, or $4,951 a month. The median rent for the city is $850 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fairview, a household making less than $2,833 a month would be considered overburdened when renting an apartment at or above the median rent. 59.81% of households who rent are overburdened in Fairview.1

Area Median Income In Fairview

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 Fairview, the AMI is calculated from all households within Williamson County.

In Fairview, HUD calculates the Area Median Income for a family of four as $80,000

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 Fairview

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 Fairview HUD Rental Assistance in Fairview

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
80% of Median $44,800 $51,200 $57,600 $64,000 $69,150 $74,250 $79,400 $84,500
Low Income Housing Tax Credits in Fairview

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

From 1991 to 2010, 3 low income apartment communities containing 240 rental apartments have been constructed and made affordable to low income persons in Fairview 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 Fairview

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
60% of Median $33,600 $38,400 $43,200 $48,000 $51,840 $55,680 $59,520 $63,360

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 Fairview is $43,200 a year, or $3,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,600 by 30% to get a maximum rent of $1,080 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% $700 $750 $900 $1,040 $1,160 $1,280
60% $840 $900 $1,080 $1,248 $1,392 $1,536
Fair Market Rents in Fairview

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
$830 $911 $1,103 $1,455 $1,738