Affordable Housing In Fayetteville
Lincoln County, Tennessee

5 Low Income Apartment Communities In Fayetteville

Fayetteville Square

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

Oakview Apartments ( Aka Federal Ltd V )

500 Liberty Ln
Fayetteville, TN
Accepts Vouchers

East Haven Apartments

1766 Winchester Hwy
Fayetteville, TN
Accepts Vouchers

Mayberry Court

508 Maple St W
Fayetteville, TN

West End Development

1118 Locust St
Fayetteville, TN
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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); Mainstream Voucher
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Fayetteville, Tennessee

There are 5 low income housing apartment communities offering 402 affordable apartments for rent in Fayetteville, Tennessee.

Income Based Apartments in Fayetteville, Tennessee

Fayetteville features 330 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 Fayetteville, Tennessee

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayetteville.

Housing Choice Vouchers in Fayetteville, Tennessee

On average, Section 8 Housing Choice vouchers pay Fayetteville landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Fayetteville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fayetteville, Tennessee for a two-bedroom apartment is between $590 and $721.

2020 Fayetteville, 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 $497 $516 $655 $900 $911
Payment Standard Range $447 to $547 $464 to $568 $590 to $721 $810 to $990 $820 to $1,002

Sourced from federal housing data and AffordableHousingOnline.com research.

Fayetteville, TN Affordable Housing Snapshot

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

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