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Affordable Housing In Martin
Weakley County, Tennessee

8 Low Income Apartment Communities In Martin

Martin Meadows Apartments

289 Highway 431
Martin, Tennessee
Accepts Vouchers

Wesley at Martin

448 Hannings Ln
Martin, Tennessee
Elderly Supportive Housing

Martin Group Home

211 Ivie Ln
Martin, Tennessee

Northwest Apartments of Weakley County

109 Harrison Rd
Martin, Tennessee
Elderly Supportive Housing

Jwc Housing Corporation

113 Willow Ln
Martin, Tennessee
Elderly Supportive Housing

Williamsburg Landing

315 Hawks Rd
Martin, Tennessee
Accepts Vouchers

Puckett Plaza

9 E Heights Cir
Martin, Tennessee

Chapelridge of Martin

528 Ellis St
Martin, Tennessee
Accepts Vouchers
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Housing Authorities that serve Martin

Housing Authority Programs
Martin 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 Martin, Tennessee

There are 8 low income housing apartment communities offering 595 affordable apartments for rent in Martin, Tennessee.

Income Based Apartments in Martin, Tennessee

Martin features 379 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 Martin, Tennessee

There are 216 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martin.

Housing Choice Vouchers in Martin, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Martin, Tennessee for a two-bedroom apartment is between $584 and $714.

2020 Martin, 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 $457 $529 $649 $845 $982
Payment Standard Range $411 to $503 $476 to $582 $584 to $714 $761 to $930 $884 to $1,080

Sourced from federal housing data and research.

Martin, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 595
Total Housing Units with Rental Assistance 379
Percentage of Housing Units Occupied By Renters 54.29%
Average Renter Household Size 1.96
Average Household Size 2.18
Median Household Income $31,126 ±$2,607
Median Rent $570 ±$37
Percentage Of Renters Overburdened 55.52% ± 8.33pp
Total Population 11,199

Population and Household Demographics

Martin is a city in Weakley County, Tennessee with a population of 11,199. There are 4,071 households in the city with an average household size of 2.18 persons. 54.29% of households in Martin are renters.

Income and Rent Overburden in Martin

The median gross income for households in Martin is $31,126 a year, or $2,594 a month. The median rent for the city is $570 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Martin, a household making less than $1,900 a month would be considered overburdened when renting an apartment at or above the median rent. 55.52% of households who rent are overburdened in Martin.

Area Median Income In Martin

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 Martin, the AMI is calculated from all households within Weakley County.

In Martin, HUD calculates the Area Median Income for a family of four as $52,300

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 Martin

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 Martin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $29,600 $31,800 $34,000 $36,200
50% of Median $19,200 $21,950 $24,700 $27,400 $29,600 $31,800 $34,000 $36,200
80% of Median $30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900