Low Income Apartments In Jackson
Madison County, Tennessee

Low Income Apartments In Jackson

Park Trace Apartments

100 Parkwood Trace
Jackson, TN
Call For Rent
1-3 BR
HCV Welcome

Park Place Apartments

100 Boardwalk Cove
Jackson, TN
Call For Rent
1-3 BR
HCV Welcome

Madison Place Apartments

112 Rhone St
Jackson, TN
Call For Rent
1-2 BR
HCV Welcome

Whitehall Cove

100 Ben Lifsey Dr
Jackson, TN
Call For Rent
1-3 BR
HCV Welcome

Park Ridge Apartments

100 Park Ridge Drive
Jackson, TN
Call For Rent
1-3 BR
HCV Welcome

Kingfield South

8 Kingsfield Drive
Jackson, TN
HCV Welcome

East Pointe Apartments

504 Daugherty St
Jackson, TN
Subsidized

Royal Arms Apartments

1580 N Royal St
Jackson, TN
Subsidized

New Southern Senior Center

181 E Chester St
Jackson, TN
Subsidized

Parkway East Apartments Phase I

266 Roosevelt Pkwy
Jackson, TN
Subsidized

There are 35 low income housing apartment complexes which contain 2,569 affordable apartments for rent in Jackson. Many of these rental apartments are income based housing with 1,501 apartments that set rent based on your income. In Jackson, HUD housing programs support 415 rental assistance apartments through programs like Project-based Section 8. There are 1,068 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 Jackson

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

Jackson, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 35
Total Low Income Apartments 2,569
Total Rent Assisted Apartments 1,501
Percentage of Housing Units Occupied By Renters 44.21%
Average Renter Household Size 2.59
Total Population 67,161
Housing Units 25,128
Average Household Size 2.52
Median Household Income $38,153 ±$1,852
Median Rent $769 ±$17
Percentage Of Renters Overburdened 57.96% ± 3.92pp

Population and Household Demographics

Jackson is a City in Madison County, Tennessee with a population of 67,161. There are 25,128 households in the city with an average household size of 2.52 persons. 44.21% of households in Jackson are renters.

Income and Rent Overburden in Jackson

The median gross income for households in Jackson is $38,153 a year, or $3,179 a month. The median rent for the city is $769 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jackson, a household making less than $2,563 a month would be considered overburdened when renting an apartment at or above the median rent. 57.96% of households who rent are overburdened in Jackson.1

Area Median Income In Jackson

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 Jackson, the AMI is calculated from all households within Madison County.

In Jackson, HUD calculates the Area Median Income for a family of four as $53,100

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 Jackson

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 Jackson HUD Rental Assistance in Jackson

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 $30,100 $32,350 $34,550 $36,800
50% of Median $19,500 $22,300 $25,100 $27,850 $30,100 $32,350 $34,550 $36,800
80% of Median $31,250 $35,700 $40,150 $44,600 $48,200 $51,750 $55,350 $58,900
Low Income Housing Tax Credits in Jackson

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

From 1987 to 2010, 39 low income apartment communities containing 1,394 rental apartments have been constructed and made affordable to low income persons in Jackson 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 Jackson

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $23,400 $26,760 $30,120 $33,420 $36,120 $38,820 $41,460 $44,160

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 Jackson is $30,120 a year, or $2,510 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,510 by 30% to get a maximum rent of $753 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% $488 $523 $628 $724 $809 $892
60% $585 $627 $753 $869 $971 $1,070
Fair Market Rents in Jackson

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
$498 $634 $775 $1,085 $1,172