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Affordable Housing In Gallaway
Fayette County, Tennessee

2 Low Income Apartment Communities In Gallaway

Layton Meadows Apartments

476 Layton Rd
Gallaway, Tennessee
Subsidized

Gallaway Apartments

294 Layton Cir
Gallaway, Tennessee
Subsidized
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Housing Authorities that serve Gallaway

Housing Authority Programs
Gallaway Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
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

Guide To Affordable Housing in Gallaway, Tennessee

There are 2 low income housing apartment communities offering 132 affordable apartments for rent in Gallaway, Tennessee.

Income Based Apartments in Gallaway, Tennessee

Gallaway features 132 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 Gallaway, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gallaway.

Housing Choice Vouchers in Gallaway, Tennessee

On average, Section 8 Housing Choice vouchers pay Gallaway landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gallaway.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gallaway, Tennessee for a two-bedroom apartment is between $796 and $972.

2020 Gallaway, 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 $665 $755 $884 $1,203 $1,374
Payment Standard Range $599 to $732 $680 to $831 $796 to $972 $1,083 to $1,323 $1,237 to $1,511

Sourced from federal housing data and AffordableHousingOnline.com research.

Gallaway, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 132
Total Housing Units with Rental Assistance 132
Percentage of Housing Units Occupied By Renters 71.43%
Average Renter Household Size 2.72
Average Household Size 2.66
Median Household Income $16,741 ±$8,889
Median Rent $385 ±$66
Percentage Of Renters Overburdened 50.77% ± 15.01pp
Total Population 828

Population and Household Demographics

Gallaway is a city in Fayette County, Tennessee with a population of 828. There are 273 households in the city with an average household size of 2.66 persons. 71.43% of households in Gallaway are renters.

Income and Rent Overburden in Gallaway

The median gross income for households in Gallaway is $16,741 a year, or $1,395 a month. The median rent for the city is $385 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gallaway, a household making less than $1,283 a month would be considered overburdened when renting an apartment at or above the median rent. 50.77% of households who rent are overburdened in Gallaway.

Area Median Income In Gallaway

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 Gallaway, the AMI is calculated from all households within Fayette County.

In Gallaway, HUD calculates the Area Median Income for a family of four as $67,900

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 Gallaway

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 HUD Rental Assistance in Gallaway

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $23,800 $27,200 $30,600 $33,950 $36,700 $39,400 $42,100 $44,850
80% of Median $38,050 $43,450 $48,900 $54,300 $58,650 $63,000 $67,350 $71,700