Affordable Housing In Lexington
Henderson County, Tennessee

6 Low Income Apartment Communities In Lexington

Woodland Homes

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

Lexington Village

308 S Broad St
Lexington, Tennessee
Subsidized

Hill Crest Place

58 Dixon St
Lexington, Tennessee
Subsidized

Lexington Civic Housing

6 Rotary Dr
Lexington, Tennessee
Subsidized

Jeffrey Meadows

391 N Main St
Lexington, Tennessee
Accepts Vouchers

Willow Courts

102 Parkview Cts
Lexington, Tennessee
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Housing Authorities that serve Lexington

Housing Authority Programs
Lexington 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 Lexington, Tennessee

There are 6 low income housing apartment communities offering 392 affordable apartments for rent in Lexington, Tennessee.

Income Based Apartments in Lexington, Tennessee

Lexington features 352 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 Lexington, Tennessee

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Tennessee

On average, Section 8 Housing Choice vouchers pay Lexington landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Tennessee for a two-bedroom apartment is between $594 and $726.

2020 Lexington, 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 $501 $503 $660 $832 $894
Payment Standard Range $451 to $551 $453 to $553 $594 to $726 $749 to $915 $805 to $983

Sourced from federal housing data and AffordableHousingOnline.com research.

Lexington, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 392
Total Housing Units with Rental Assistance 352
Percentage of Housing Units Occupied By Renters 39.72%
Average Renter Household Size 2.31
Average Household Size 2.54
Median Household Income $42,337 ±$11,402
Median Rent $562 ±$44
Percentage Of Renters Overburdened 49.24% ± 14.88pp
Total Population 7,802

Population and Household Demographics

Lexington is a City in Henderson County, Tennessee with a population of 7,802. There are 2,971 households in the city with an average household size of 2.54 persons. 39.72% of households in Lexington are renters.

Income and Rent Overburden in Lexington

The median gross income for households in Lexington is $42,337 a year, or $3,528 a month. The median rent for the city is $562 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington, a household making less than $1,873 a month would be considered overburdened when renting an apartment at or above the median rent. 49.24% of households who rent are overburdened in Lexington.1

Area Median Income In Lexington

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 Lexington, the AMI is calculated from all households within Henderson County.

In Lexington, HUD calculates the Area Median Income for a family of four as $52,900

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 Lexington

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 Lexington

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 $28,600 $30,700 $32,800 $34,950
50% of Median $18,550 $21,200 $23,850 $26,450 $28,600 $30,700 $32,800 $34,950
80% of Median $29,650 $33,850 $38,100 $42,300 $45,700 $49,100 $52,500 $55,850