Affordable Housing In Greenfield
Weakley County, Tennessee

1 Low Income Apartment Communities In Greenfield

Oakwood Apartments

611 West Main Street
Greenfield, Tennessee
Subsidized
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Housing Authorities that serve Greenfield

Housing Authority Programs
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 Greenfield, Tennessee

There are 1 low income housing apartment communities offering 18 affordable apartments for rent in Greenfield, Tennessee.

Income Based Apartments in Greenfield, Tennessee

Greenfield features 18 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 Greenfield, Tennessee

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

Housing Choice Vouchers in Greenfield, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Greenfield, Tennessee for a two-bedroom apartment is between $584 and $714.

2020 Greenfield, 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 $457 $529 $649 $845 $982
Payment Standard Range $411 to $503 $476 to $582 $584 to $714 $761 to $930 $884 to $1,080

Sourced from federal housing data and AffordableHousingOnline.com research.

Greenfield, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 18
Total Housing Units with Rental Assistance 18
Percentage of Housing Units Occupied By Renters 31.73%
Average Renter Household Size 2.40
Average Household Size 2.42
Median Household Income $33,854 ±$8,699
Median Rent $535 ±$91
Percentage Of Renters Overburdened 38.38% ± 12.31pp
Total Population 2,262

Population and Household Demographics

Greenfield is a City in Weakley County, Tennessee with a population of 2,262. There are 936 households in the city with an average household size of 2.42 persons. 31.73% of households in Greenfield are renters.

Income and Rent Overburden in Greenfield

The median gross income for households in Greenfield is $33,854 a year, or $2,821 a month. The median rent for the city is $535 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greenfield, a household making less than $1,783 a month would be considered overburdened when renting an apartment at or above the median rent. 38.38% of households who rent are overburdened in Greenfield.1

Area Median Income In Greenfield

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 Greenfield, the AMI is calculated from all households within Weakley County.

In Greenfield, HUD calculates the Area Median Income for a family of four as $54,900

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 Greenfield

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 Greenfield

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 $29,650 $31,850 $34,050 $36,250
50% of Median $19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
80% of Median $30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950