Affordable Housing In Jackson
35 Low Income Apartment Communities In Jackson
Housing Authorities that serve Jackson
|Jackson Housing Authority||Section 8 Housing Choice Voucher (HCV); 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 Jackson, Tennessee
There are 35 low income housing apartment communities offering 2,569 affordable apartments for rent in Jackson, Tennessee. Jackson features 1,501 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,068 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Jackson.
Sourced from federal housing data and AffordableHousingOnline.com research.
Jackson, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||35|
|Total Low Income Apartments||2,569|
|Total Housing Units with Rental Assistance||1,501|
|Percentage of Housing Units Occupied By Renters||44.21%|
|Average Renter Household Size||2.59|
|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|
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.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|