Affordable Housing In Macon County
7 Low Income Apartment Communities In Macon County
Housing Authorities that serve Macon County
|Tennessee Housing Development Agency Central Office||Section 8 Housing Choice Voucher (HCV); Mainstream Voucher|
|Tennessee Housing Development Agency East Tennessee Office||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency|
Other Housing Authorities located in Macon County
|Lafayette Housing Authority||Public Housing|
Guide To Affordable Housing in Macon County, Tennessee
There are 7 low income housing apartment communities offering 331 affordable apartments for rent in Macon County, Tennessee. Macon County features 167 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 164 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Macon County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Macon County, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||331|
|Total Housing Units with Rental Assistance||167|
|Percentage of Housing Units Occupied By Renters||29.65%|
|Average Renter Household Size||2.51|
|Average Household Size||2.53|
|Median Household Income||$33,509 ±$2,603|
|Median Rent||$539 ±$17|
|Percentage Of Renters Overburdened||30.96% ± 7.3pp|
Population and Household Demographics
Macon County is a County in Tennessee with a population of 22,761. There are 8,856 households in the county with an average household size of 2.53 persons. 29.65% of households in Macon County are renters.
Income and Rent Overburden in Macon County
The median gross income for households in Macon County is $33,509 a year, or $2,792 a month. The median rent for the county is $539 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Macon County, a household making less than $1,797 a month would be considered overburdened when renting an apartment at or above the median rent. 30.96% of households who rent are overburdened in Macon County.1
Area Median Income In Macon 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 Macon County, HUD calculates the Area Median Income for a family of four as $45,100
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 Macon 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 Macon County HUD Rental Assistance in Macon County
|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|
Fair Market Rents in Macon 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.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|
Cities In Macon County
Select A City to View its Apartment Communities and Waiting Lists.
|Lafayette||6||The HUD funded Public Housing Agencies that serve Lafayette are the Lafayette Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.|
|Red Boiling Springs||1||The HUD funded Public Housing Agencies that serve Red Boiling Springs are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.|