Affordable Housing In Overton County
Tennessee

8 Low Income Apartment Communities In Overton County

Livingston Apartments

41 Villa Ct
Livingston, TN
Income Based
1-2 BR

Holly Hills Apartments

115 Holly Hills Dr
Livingston, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Mountain Grove Apartments

832 N SPRING ST
Livingston, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

620 E 7th St

620 E 7th St
Livingston, TN
Subsidized

502 E 7th St

502 E 7th St
Livingston, TN

900 Lee Dr

901 Lee Dr
Livingston, TN
HCV Welcome

902 Preston Dr

902 Preston St
Livingston, TN
HCV Welcome

Willow Place

216 Fair St
Livingston, TN
HCV Welcome
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Housing Authorities that serve Overton County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency

Other Housing Authorities located in Overton County

Housing Authority Programs
Livingston Housing Authority Public Housing

Guide To Affordable Housing in Overton County, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 8 low income housing apartment communities offering 306 affordable apartments for rent in Overton County, Tennessee. Overton County features 156 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 150 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Overton County.

Overton County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 306
Total Housing Units with Rental Assistance 156
Percentage of Housing Units Occupied By Renters 22.32%
Average Renter Household Size 2.57
Average Household Size 2.45
Median Household Income $35,287 ±$1,635
Median Rent $551 ±$38
Percentage Of Renters Overburdened 26.85% ± 7.09pp
Total Population 22,100

Population and Household Demographics

Overton County is a County in Tennessee with a population of 22,100. There are 8,893 households in the county with an average household size of 2.45 persons. 22.32% of households in Overton County are renters.

Income and Rent Overburden in Overton County

The median gross income for households in Overton County is $35,287 a year, or $2,941 a month. The median rent for the county is $551 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Overton County, a household making less than $1,837 a month would be considered overburdened when renting an apartment at or above the median rent. 26.85% of households who rent are overburdened in Overton County.1

Area Median Income In Overton 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 Overton County, HUD calculates the Area Median Income for a family of four as $48,100

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 Overton 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 Overton County HUD Rental Assistance in Overton 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 Overton County

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

From 1987 to 1989, 3 low income apartment communities containing 70 rental apartments have been constructed and made affordable to low income persons in Overton 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 Overton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
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 Overton 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 Overton 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
$492 $493 $649 $849 $969

Cities In Overton County

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

City Listings Served By
Livingston 8 The HUD funded Public Housing Agencies that serve Livingston are the Livingston Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.