Affordable Housing In Mount Pleasant
Maury County, Tennessee

4 Low Income Apartment Communities In Mount Pleasant

Mt Pleasant Village Apartments

821 N Main St
Mount Pleasant, Tennessee
Call For Rent
1-2 BR

Willow Bend Apartments

1155 N Main St
Mount Pleasant, Tennessee

Elmwood Apartments

711 N Main St
Mount Pleasant, Tennessee

Walton Heights - Harris House

101 Walton Cir
Mount Pleasant, Tennessee
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Section 8 Vouchers, Apartments, and Waiting Lists in Mount Pleasant, Tennessee

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Mount Pleasant, Tennessee

Housing Authority Programs
Tennessee Housing Development Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership

Guide To Affordable Housing in Mount Pleasant, Tennessee

There are 4 low income housing apartment communities offering 254 affordable apartments for rent in Mount Pleasant, Tennessee.

Income Based Apartments in Mount Pleasant, Tennessee

Mount Pleasant features 116 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 Mount Pleasant, Tennessee

There are 138 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Pleasant.

Housing Choice Vouchers in Mount Pleasant, Tennessee

On average, Section 8 Housing Choice vouchers pay Mount Pleasant landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Mount Pleasant.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Pleasant, Tennessee for a two-bedroom apartment is between $868 and $1,060.

2022 Mount Pleasant, 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
Mount Pleasant, Tennessee Fair Market Rent $728 $733 $964 $1,329 $1,436
Mount Pleasant, Tennessee Payment Standard Range $655 to $801 $660 to $806 $868 to $1,060 $1,196 to $1,462 $1,292 to $1,580

Sourced from federal housing data and research.

Mount Pleasant, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 254
Total Housing Units with Rental Assistance 116
Percentage of Housing Units Occupied By Renters 36.15%
Average Renter Household Size 2.43
Average Household Size 2.43
Median Household Income $34,963 ±$11,901
Median Rent $607 ±$359
Percentage Of Renters Overburdened 50.07% ± 18.15pp
Total Population 4,657

Population and Household Demographics

Mount Pleasant is a city in Maury County, Tennessee with a population of 4,657. There are 1,884 households in the city with an average household size of 2.43 persons. 36.15% of households in Mount Pleasant are renters.

Income and Rent Overburden in Mount Pleasant

The median gross income for households in Mount Pleasant is $34,963 a year, or $2,914 a month. The median rent for the city is $607 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Pleasant, a household making less than $2,023 a month would be considered overburdened when renting an apartment at or above the median rent. 50.07% of households who rent are overburdened in Mount Pleasant.

Area Median Income In Mount Pleasant

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 Mount Pleasant, the AMI is calculated from all households within Maury County.

In Mount Pleasant, HUD calculates the Area Median Income for a family of four as $87,300

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 Mount Pleasant

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 Mount Pleasant

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30% AMI Income Limits
Renters earning up to 30% of the Mount Pleasant AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,600 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Mount Pleasant AMI may qualify for rental assistance programs that target Very Low Income households.
$26,000 $29,700 $33,400 $37,100 $40,100 $43,050 $46,050 $49,000
80% AMI Income Limits
Renters earning up to 80% of the Mount Pleasant AMI may qualify for rental assistance programs that target Low Income households.
$41,550 $47,500 $53,450 $59,350 $64,100 $68,850 $73,600 $78,350