Low Income Apartments In Fayette County
Tennessee

Low Income Apartments In Fayette County

Turnrow

Jernigan Drive near Hwy. 64
Somerville, TN
$505-605
2-3 BR
HCV Welcome

St Mark Village Apartments

85 Saint Mark Cv
Moscow, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Rossville Manor Apartments

5185 Highway 57
Rossville, TN
Subsidized

Maplewood Village

400 Meadow Ln
Somerville, TN
Subsidized

Country Oaks Apartments II

423 Jernigan Dr
Somerville, TN
HCV Welcome

Country Oaks I

421 Jernigan Dr
Somerville, TN

Layton Meadows Apartments

476 Layton Rd
Gallaway, TN
Subsidized

Bluegrass Village Apartments

430 Jernigan Dr
Somerville, TN
Subsidized

Gallaway Apartments

294 Layton Cir
Gallaway, TN
Subsidized

Westview Manor Apartments

701 Westview Cove
Somerville, TN
Subsidized

There are 16 low income housing apartment complexes which contain 618 affordable apartments for rent in Fayette County. Many of these rental apartments are income based housing with 468 apartments that set rent based on your income. In Fayette County, HUD housing programs support 258 rental assistance apartments through programs like Project-based Section 8. There are 150 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Fayette County

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

Other Housing Authorities located in Fayette County

Housing Authority Programs
Gallaway Housing Authority Public Housing

Guide To Affordable Housing in Fayette County, Tennessee

Fayette County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 618
Total Rent Assisted Apartments 468
Percentage of Housing Units Occupied By Renters 20.05%
Average Renter Household Size 2.48
Total Population 38,814
Housing Units 14,846
Average Household Size 2.58
Median Household Income $54,890 ±$2,367
Median Rent $613 ±$42
Percentage Of Renters Overburdened 34.03% ± 5.51pp

Population and Household Demographics

Fayette County is a County in Tennessee with a population of 38,814. There are 14,846 households in the county with an average household size of 2.58 persons. 20.05% of households in Fayette County are renters.

Income and Rent Overburden in Fayette County

The median gross income for households in Fayette County is $54,890 a year, or $4,574 a month. The median rent for the county is $613 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fayette County, a household making less than $2,043 a month would be considered overburdened when renting an apartment at or above the median rent. 34.03% of households who rent are overburdened in Fayette County.1

Area Median Income In Fayette County

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.

In Fayette County, HUD calculates the Area Median Income for a family of four as $65,900

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 Fayette County

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 Fayette County HUD Rental Assistance in Fayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,850 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
80% of Median $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600
Low Income Housing Tax Credits in Fayette County

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

From 1987 to 2011, 8 low income apartment communities containing 278 rental apartments have been constructed and made affordable to low income persons in Fayette County 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 Fayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,720 $31,680 $35,640 $39,540 $42,720 $45,900 $49,080 $52,200

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 Fayette County is $35,640 a year, or $2,970 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,970 by 30% to get a maximum rent of $891 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% $578 $619 $743 $857 $956 $1,055
60% $693 $743 $891 $1,028 $1,148 $1,266
Fair Market Rents in Fayette County

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
$658 $742 $875 $1,194 $1,372

Cities In Fayette County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Gallaway 2 The HUD funded Public Housing Agencies that serve Gallaway are the Gallaway Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Somerville 10 The HUD funded Public Housing Agencies that serve Somerville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Collierville 1 The HUD funded Public Housing Agencies that serve Collierville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Rossville 1 The HUD funded Public Housing Agencies that serve Rossville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Oakland 1 The HUD funded Public Housing Agencies that serve Oakland are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Moscow 1 The HUD funded Public Housing Agencies that serve Moscow are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Braden 0 The HUD funded Public Housing Agencies that serve Braden are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Grand Junction 0 The HUD funded Public Housing Agencies that serve Grand Junction are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
La Grange 0 The HUD funded Public Housing Agencies that serve La Grange are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Piperton 0 The HUD funded Public Housing Agencies that serve Piperton are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Williston 0 The HUD funded Public Housing Agencies that serve Williston are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.