What HUD offices serve Munford, 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.
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Munford.
How many renters live in Munford, Tennessee?
The City of Munford has 6,357 people living in 2,112 households.
There are 1,271 renters living in 475 renter households in this City. Renters make up 19.99 percent of the population living in Munford.
What is the rental market like in Munford, Tennessee?
There are an estimated 2,391 housing units in the Munford area. Of these, 556 units are rental homes, making up 23 percent of the housing market. For every renter household in Munford, Tennessee, there are 1 rental units.
What is the vacancy rate for rentals in Munford?
The rental vacancy rate in Munford is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Munford for each bedroom size?
Occupied Rental Units by Size in Munford
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 215 | 218 | 0 |
Occupied Rental Units by Size in Munford
A large number of apartments in Munford have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Munford are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 11 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Munford
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,031 |
| One BR | $1,146 |
| Two BR | $1,298 |
| Three BR | $1,711 |
| Four BR | $1,995 |
2024 Fair Market Rents in Munford, Tennessee
How many units are rented at Fair Market Rent (FMR) in Munford?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Two BR | 170 | 79 percent |
Rental Units Below FMR in Munford, Tennessee
How many affordable rental units are in Munford?
There are a variety of federal affordable housing programs serving households in Munford, Tennessee including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 2 |
| USDA Section 515 Rural Rental Housing | 96 |
Tracked Units by Federal Program in Munford, Tennessee
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Munford, Tennessee
Munford features 48 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 Munford, Tennessee
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Munford.
Housing Choice Vouchers in Munford, Tennessee
On average, Section 8 Housing Choice vouchers pay Munford landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Munford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Munford, Tennessee for a two-bedroom apartment is between $1,168 and $1,428.
Sourced from federal housing data and AffordableHousingOnline.com research.
