Affordable Housing In Lyles
Hickman County, Tennessee

1 Low Income Apartment Communities In Lyles

Harvest Edge Apartments

7698 Highway 7
Lyles, Tennessee
Accepts Vouchers
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Housing Authorities that serve Lyles

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lyles, Tennessee

There are 1 low income housing apartment communities offering 32 affordable apartments for rent in Lyles, Tennessee.

Income Based Apartments in Lyles, Tennessee

Lyles features 0 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 Lyles, Tennessee

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyles.

Housing Choice Vouchers in Lyles, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lyles, Tennessee for a two-bedroom apartment is between $708 and $866.

2020 Lyles, 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 $617 $691 $787 $981 $1,382
Payment Standard Range $555 to $679 $622 to $760 $708 to $866 $883 to $1,079 $1,244 to $1,520

Sourced from federal housing data and AffordableHousingOnline.com research.

Lyles, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 32
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 50.96%
Average Renter Household Size 1.34
Average Household Size 1.62
Median Household Income $17,841 ±$12,561
Median Rent $539 ±$328
Percentage Of Renters Overburdened 37.1% ± 38.09pp
Total Population 593

Population and Household Demographics

Lyles is a City in Hickman County, Tennessee with a population of 593. There are 365 households in the city with an average household size of 1.62 persons. 50.96% of households in Lyles are renters.

Income and Rent Overburden in Lyles

The median gross income for households in Lyles is $17,841 a year, or $1,487 a month. The median rent for the city is $539 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lyles, a household making less than $1,797 a month would be considered overburdened when renting an apartment at or above the median rent. 37.1% of households who rent are overburdened in Lyles.1

Area Median Income In Lyles

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 Lyles, the AMI is calculated from all households within Hickman County.

In Lyles, HUD calculates the Area Median Income for a family of four as $48,500

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 Lyles

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 Lyles

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 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450