Low Income Apartments In Henderson County
Tennessee

Low Income Apartments In Henderson County

Woodland Homes

61 Woodland Dr
Lexington, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Lexington Village

308 S Broad St
Lexington, TN
Subsidized

Hill Crest Place

58 Dixon St
Lexington, TN
Subsidized

Lexington Civic Housing

6 Rotary Dr
Lexington, TN
Subsidized

Jeffrey Meadows

391 N Main St
Lexington, TN
HCV Welcome

Willow Courts

102 Parkview Cts
Lexington, TN
  • «
  • 1
  • »

There are 6 low income housing apartment complexes which contain 392 affordable apartments for rent in Henderson County, Tennessee. Many of these rental apartments are income based housing with about 352 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 50 Project-Based Section 8 subsidized apartments in Henderson County. There are 40 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Henderson County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing; Mainstream Voucher

Other Housing Authorities located in Henderson County

Housing Authority Programs
Lexington Housing Authority Public Housing

Guide To Affordable Housing in Henderson County, Tennessee

Henderson County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 392
Total Rent Assisted Apartments 352
Percentage of Housing Units Occupied By Renters 28.52%
Average Renter Household Size 2.46
Total Population 28,013
Housing Units 10,809
Average Household Size 2.57
Median Household Income $38,745 ±$3,131
Median Rent $597 ±$37
Percentage Of Renters Overburdened 35.74% ± 8.01pp

Population and Household Demographics

Henderson County is a County in Tennessee with a population of 28,013. There are 10,809 households in the county with an average household size of 2.57 persons. 28.52% of households in Henderson County are renters.

Income and Rent Overburden in Henderson County

The median gross income for households in Henderson County is $38,745 a year, or $3,229 a month. The median rent for the county is $597 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Henderson County, a household making less than $1,990 a month would be considered overburdened when renting an apartment at or above the median rent. 35.74% of households who rent are overburdened in Henderson County.1

Area Median Income In Henderson 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 Henderson County, HUD calculates the Area Median Income for a family of four as $50,500

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 Henderson 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 Henderson County HUD Rental Assistance in Henderson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,100 $27,300 $29,300 $31,350 $33,350
50% of Median $17,700 $20,200 $22,750 $25,250 $27,300 $29,300 $31,350 $33,350
80% of Median $28,300 $32,350 $36,400 $40,400 $43,650 $46,900 $50,100 $53,350
Low Income Housing Tax Credits in Henderson County

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

From 2011 to 2011, 2 low income apartment communities containing 89 rental apartments have been constructed and made affordable to low income persons in Henderson County 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 Henderson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $21,240 $24,240 $27,300 $30,300 $32,760 $35,160 $37,620 $40,020

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 Henderson County is $27,300 a year, or $2,275 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,275 by 30% to get a maximum rent of $683 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% $443 $474 $569 $657 $733 $809
60% $531 $569 $683 $788 $879 $971
Fair Market Rents in Henderson 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$485 $497 $658 $824 $889

Cities In Henderson County

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

City Listings Served By
Lexington 6 The HUD funded Public Housing Agencies that serve Lexington are the Lexington Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Chesterfield 0 The HUD funded Public Housing Agencies that serve Chesterfield are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Darden 0 The HUD funded Public Housing Agencies that serve Darden are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Parker's Crossroads 0 The HUD funded Public Housing Agencies that serve Parker's Crossroads are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Sardis 0 The HUD funded Public Housing Agencies that serve Sardis are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.