Low Income Apartments In Obion County
Tennessee

Low Income Apartments In Obion County

Union City Apartments

2810 Lynn St
Union City, TN
Call For Rent
1-2 BR
Subsidized

Eaglewood Estates Apartments

305 Connell Dr
South Fulton, TN
Call For Rent
1-2 BR
Subsidized

Ware Park

Cheatham St. and Melrose St
Union City, TN
$365-575
1-3 BR
HCV Welcome

Parkview Manor Apartments

714 Sunswept Drive
Union City, TN
Call For Rent
1-4 BR
Subsidized

East Gate Village Apartments

515 Nash Street
Union City, TN
Subsidized

Reelfoot Apartments

1331 Hillsboro St
Union City, TN
Subsidized

Southside Manor Apartments

722 Broadway Sreet
South Fulton, TN
Subsidized

Evergreen Apartments

731 S Sunswept Dr
Union City, TN
Accessible
Disabled Supportive Housing
Subsidized

Union City Group Home

2333 Norwood Dr
Union City, TN
Subsidized

Southside Manor Apartments

722 Broadway St
South Fulton, TN
HCV Welcome

There are 17 low income housing apartment complexes which contain 1,020 affordable apartments for rent in Obion County. Many of these rental apartments are income based housing with 869 apartments that set rent based on your income. In Obion County, HUD housing programs support 315 rental assistance apartments through programs like Project-based Section 8. There are 151 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Obion County

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

Other Housing Authorities located in Obion County

Housing Authority Programs
Union City Housing Authority Public Housing

Guide To Affordable Housing in Obion County, Tennessee

Obion County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,020
Total Rent Assisted Apartments 869
Percentage of Housing Units Occupied By Renters 31.76%
Average Renter Household Size 2.38
Total Population 31,129
Housing Units 12,665
Average Household Size 2.42
Median Household Income $40,281 ±$1,803
Median Rent $575 ±$18
Percentage Of Renters Overburdened 41.71% ± 5.66pp

Population and Household Demographics

Obion County is a County in Tennessee with a population of 31,129. There are 12,665 households in the county with an average household size of 2.42 persons. 31.76% of households in Obion County are renters.

Income and Rent Overburden in Obion County

The median gross income for households in Obion County is $40,281 a year, or $3,357 a month. The median rent for the county is $575 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Obion County, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 41.71% of households who rent are overburdened in Obion County.1

Area Median Income In Obion 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 Obion County, HUD calculates the Area Median Income for a family of four as $50,800

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 Obion 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 Obion County HUD Rental Assistance in Obion 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 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Low Income Housing Tax Credits in Obion County

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

From 1988 to 2006, 7 low income apartment communities containing 120 rental apartments have been constructed and made affordable to low income persons in Obion 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 Obion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

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 Obion County is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 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% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Obion 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$439 $499 $619 $841 $1,087

Cities In Obion County

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

City Listings Served By
Union City 12 The HUD funded Public Housing Agencies that serve Union City are the Union City Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Troy 1 The HUD funded Public Housing Agencies that serve Troy are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
South Fulton 4 The HUD funded Public Housing Agencies that serve South Fulton are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Hornbeak 0 The HUD funded Public Housing Agencies that serve Hornbeak are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Obion 0 The HUD funded Public Housing Agencies that serve Obion are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Rives 0 The HUD funded Public Housing Agencies that serve Rives are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Samburg 0 The HUD funded Public Housing Agencies that serve Samburg are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Woodland Mills 0 The HUD funded Public Housing Agencies that serve Woodland Mills are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.