Affordable Housing In Madison County
Tennessee

35 Low Income Apartment Communities In Madison County

Parkway East Apartments II

33 Carver Ave
Jackson, TN
Subsidized

St Mary Manor Apartments

1771 Highway 45 Byp
Jackson, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Wesley Jackson Highlands

2692 N Highland Ave
Jackson, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Chester Park Apartments

100 Emory Hill Dr
Jackson, TN
HCV Welcome

Centennial Pass

100 Millennium Dr
Jackson, TN
HCV Welcome

Chapelridge of Jackson

100 Chapel Ridge Dr
Jackson, TN
HCV Welcome

117 Wells Ally

117 Wells Aly
Jackson, TN
HCV Welcome

537 S Royal St

537 S Royal St
Jackson, TN
HCV Welcome

Villages of Old Hickory

550 Old Hickory Blvd
Jackson, TN
HCV Welcome

541 S Royal

541 S Royal St
Jackson, TN
HCV Welcome

Housing Authorities that serve Madison County

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

According to federal housing data and AffordableHousingOnline.com research, there are 35 low income housing apartment communities offering 2,569 affordable apartments for rent in Madison County, Tennessee. Madison County 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 Madison County.

Madison County, 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 35.43%
Average Renter Household Size 2.59
Average Household Size 2.56
Median Household Income $42,544 ±$1,587
Median Rent $767 ±$15
Percentage Of Renters Overburdened 54.31% ± 3.55pp
Total Population 98,184

Population and Household Demographics

Madison County is a County in Tennessee with a population of 98,184. There are 36,766 households in the county with an average household size of 2.56 persons. 35.43% of households in Madison County are renters.

Income and Rent Overburden in Madison County

The median gross income for households in Madison County is $42,544 a year, or $3,545 a month. The median rent for the county is $767 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madison County, a household making less than $2,557 a month would be considered overburdened when renting an apartment at or above the median rent. 54.31% of households who rent are overburdened in Madison County.1

Area Median Income In Madison 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 Madison County, 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 Madison 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 Madison County HUD Rental Assistance in Madison 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 $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 Madison County

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 Madison County 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 Madison County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,500 $22,300 $25,100 $27,850 $30,100 $32,350 $34,550 $36,800
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 Madison County 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 Madison 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
$516 $648 $792 $1,129 $1,133

Cities In Madison County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Jackson 35 The HUD funded Public Housing Agencies that serve Jackson are the Jackson Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Medon 0 The HUD funded Public Housing Agencies that serve Medon are the Tennessee Housing Development Agency Central Office, Jackson Housing Authority and Tennessee Housing Development Agency West Tennessee Office.
Three Way 0 The HUD funded Public Housing Agencies that serve Three Way are the Tennessee Housing Development Agency Central Office, Jackson Housing Authority and Tennessee Housing Development Agency West Tennessee Office.