Affordable Housing In Marshall County
Tennessee

12 Low Income Apartment Communities In Marshall County

Tanglewood Apartments

300 Tanglewood Ct
Cornersville, TN
Subsidized

Hillside Terrace Apartments

1520 Glenn Avenue
Lewisburg, TN
Subsidized

Peartree Village Apartments

1199 Nashville Hwy
Lewisburg, TN
Subsidized

Northgate Arms Apartments

1038 Cornersville Rd
Lewisburg, TN
Subsidized

Lewisburg Summit Apartments

730 Franklin Ave
Lewisburg, TN
Subsidized

Saddlewood Apartments

951 W Ellington Pkwy
Lewisburg, TN
HCV Welcome

Oscar Brooks Apartments

9285 Central Project St
Cornersville, LA

Spring Creek Apartments

464 Spring Creek St
Chapel Hill, TN
Subsidized

Centerstone Lewisburg

New State Highway 50
Lewisburg, TN
HCV Welcome

Acorn Hills

1201 Pine Cone Dr
Lewisburg, TN
HCV Welcome

Housing Authorities that serve Marshall County

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

Other Housing Authorities located in Marshall County

Housing Authority Programs
Lewisburg Housing Authority Public Housing

Guide To Affordable Housing in Marshall County, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 12 low income housing apartment communities offering 849 affordable apartments for rent in Marshall County, Tennessee. Marshall County features 737 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 112 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Marshall County.

Marshall County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 849
Total Housing Units with Rental Assistance 737
Percentage of Housing Units Occupied By Renters 27.18%
Average Renter Household Size 2.61
Average Household Size 2.57
Median Household Income $42,661 ±$2,531
Median Rent $653 ±$25
Percentage Of Renters Overburdened 41.87% ± 6.82pp
Total Population 31,159

Population and Household Demographics

Marshall County is a County in Tennessee with a population of 31,159. There are 11,968 households in the county with an average household size of 2.57 persons. 27.18% of households in Marshall County are renters.

Income and Rent Overburden in Marshall County

The median gross income for households in Marshall County is $42,661 a year, or $3,555 a month. The median rent for the county is $653 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marshall County, a household making less than $2,177 a month would be considered overburdened when renting an apartment at or above the median rent. 41.87% of households who rent are overburdened in Marshall County.1

Area Median Income In Marshall 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 Marshall County, HUD calculates the Area Median Income for a family of four as $56,700

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 Marshall 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 Marshall County HUD Rental Assistance in Marshall 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 $30,170 $32,900 $35,200 $37,450
50% of Median $19,850 $22,700 $25,550 $28,350 $30,650 $32,900 $35,200 $37,450
80% of Median $31,750 $36,300 $40,850 $45,350 $49,000 $52,650 $56,250 $59,900
Low Income Housing Tax Credits in Marshall County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2002, 4 low income apartment communities containing 158 rental apartments have been constructed and made affordable to low income persons in Marshall 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 Marshall County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,850 $22,700 $25,550 $28,350 $30,650 $32,900 $35,200 $37,450
60% of Median $23,820 $27,240 $30,660 $34,020 $36,780 $39,480 $42,240 $44,940

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 Marshall County is $30,660 a year, or $2,555 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,555 by 30% to get a maximum rent of $767 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% $496 $532 $639 $738 $823 $908
60% $596 $638 $767 $885 $987 $1,090
Fair Market Rents in Marshall 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
$563 $567 $747 $948 $1,012

Cities In Marshall County

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

City Listings Served By
Lewisburg 9 The HUD funded Public Housing Agencies that serve Lewisburg are the Lewisburg Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Chapel Hill 1 The HUD funded Public Housing Agencies that serve Chapel Hill are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.
Cornersville 2 The HUD funded Public Housing Agencies that serve Cornersville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency South Central Tennessee Office.