Affordable Housing In Franklin County
Tennessee

11 Low Income Apartment Communities In Franklin County

Kc Home of Cowan

214 England St W
Cowan, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Ridgecrest Group Home

2nd Fairmont Ave
Monteagle, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Mountain View Apartments

631 Click Rd
Cowan, TN
Subsidized

Sunny View Apartments

205 8th Ave
Winchester, TN
Subsidized

Cumberland Place Apartments

3901 Cowan Hwy
Winchester, TN
Subsidized

Golden Heights Apartments CO Winston Maxwell

1 Hospital Rd
Winchester, TN

Monteagle Greene Apartments

48 Madison Ave
Monteagle, TN
HCV Welcome

Woodland Ridge Apartments

RR 1 Box 2773
Monteagle, TN
HCV Welcome

Mallard Cove Apartments

314 Old Winchester Rd
Decherd, TN
Subsidized

Cedar Ridge Apartments

910 Cumberland St W
Cowan, TN
Subsidized

Housing Authorities that serve Franklin County

Housing Authority Programs
Franklin Housing Authority Public Housing; Section 8 Project-Based Voucher (PBV)
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 Franklin County, Tennessee

There are 11 low income housing apartment communities offering 565 affordable apartments for rent in Franklin County, Tennessee. Franklin County features 449 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 116 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Franklin County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 565
Total Housing Units with Rental Assistance 449
Percentage of Housing Units Occupied By Renters 26.06%
Average Renter Household Size 2.50
Average Household Size 2.40
Median Household Income $42,773 ±$2,204
Median Rent $599 ±$54
Percentage Of Renters Overburdened 32.58% ± 5.27pp
Total Population 41,138

Population and Household Demographics

Franklin County is a County in Tennessee with a population of 41,138. There are 16,302 households in the county with an average household size of 2.40 persons. 26.06% of households in Franklin County are renters.

Income and Rent Overburden in Franklin County

The median gross income for households in Franklin County is $42,773 a year, or $3,564 a month. The median rent for the county is $599 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin County, a household making less than $1,997 a month would be considered overburdened when renting an apartment at or above the median rent. 32.58% of households who rent are overburdened in Franklin County.1

Area Median Income In Franklin 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 Franklin County, HUD calculates the Area Median Income for a family of four as $55,100

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 Franklin 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 Franklin County HUD Rental Assistance in Franklin County

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 $29,800 $32,000 $34,200 $36,400
50% of Median $19,300 $22,050 $24,800 $27,550 $29,800 $32,000 $34,200 $36,400
80% of Median $30,900 $35,300 $39,700 $44,100 $47,650 $51,200 $54,700 $58,250
Fair Market Rents in Franklin 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$492 $498 $649 $936 $1,081

Cities In Franklin County

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

City Listings Served By
Winchester 3 The HUD funded Public Housing Agencies that serve Winchester are the Franklin Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Monteagle 3 The HUD funded Public Housing Agencies that serve Monteagle are the Franklin Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Decherd 2 The HUD funded Public Housing Agencies that serve Decherd are the Franklin Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Cowan 3 The HUD funded Public Housing Agencies that serve Cowan are the Franklin Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Estill Springs 0 The HUD funded Public Housing Agencies that serve Estill Springs are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Huntland 0 The HUD funded Public Housing Agencies that serve Huntland are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Sewanee 0 The HUD funded Public Housing Agencies that serve Sewanee are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.