Affordable Housing In Fayetteville
Lincoln County, Tennessee

5 Low Income Apartment Communities In Fayetteville

Fayetteville Square

2000 College St W
Fayetteville, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Oakview Apartments ( Aka Federal Ltd V )

500 Liberty Ln
Fayetteville, TN
HCV Welcome

East Haven Apartments

1766 Winchester Hwy
Fayetteville, TN
HCV Welcome

Mayberry Court

508 Maple St W
Fayetteville, TN

West End Development

1118 Locust St
Fayetteville, TN
  • «
  • 1
  • »

There are 5 low income housing apartment complexes which contain 402 affordable apartments for rent in Fayetteville. Many of these rental apartments are income based housing with 330 apartments that set rent based on your income. In Fayetteville, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 72 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Fayetteville

Housing Authority Programs
Fayetteville Housing Authority Public Housing
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 Fayetteville, Tennessee

Fayetteville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 402
Total Rent Assisted Apartments 330
Percentage of Housing Units Occupied By Renters 52.01%
Average Renter Household Size 2.27
Total Population 7,060
Housing Units 3,140
Average Household Size 2.13
Median Household Income $29,224 ±$4,932
Median Rent $527 ±$63
Percentage Of Renters Overburdened 46.05% ± 12.54pp

Population and Household Demographics

Fayetteville is a City in Lincoln County, Tennessee with a population of 7,060. There are 3,140 households in the city with an average household size of 2.13 persons. 52.01% of households in Fayetteville are renters.

Income and Rent Overburden in Fayetteville

The median gross income for households in Fayetteville is $29,224 a year, or $2,435 a month. The median rent for the city is $527 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fayetteville, a household making less than $1,757 a month would be considered overburdened when renting an apartment at or above the median rent. 46.05% of households who rent are overburdened in Fayetteville.1

Area Median Income In Fayetteville

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 Fayetteville, the AMI is calculated from all households within Lincoln County.

In Fayetteville, HUD calculates the Area Median Income for a family of four as $52,200

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 Fayetteville

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 Fayetteville HUD Rental Assistance in Fayetteville

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 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Low Income Housing Tax Credits in Fayetteville

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

From 1990 to 2012, 2 low income apartment communities containing 72 rental apartments have been constructed and made affordable to low income persons in Fayetteville 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 Fayetteville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

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 Fayetteville is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 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% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Fayetteville

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
$465 $488 $630 $848 $852