Affordable Housing In Parker's Crossroads
Henderson County, Tennessee

Section 8 Vouchers, Apartments, and Waiting Lists in Parker's Crossroads, 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 Parker's Crossroads, 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 Parker's Crossroads, Tennessee

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Parker's Crossroads, Tennessee.

Income Based Apartments in Parker's Crossroads, Tennessee

Parker's Crossroads features 0 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 Parker's Crossroads, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parker's Crossroads.

Housing Choice Vouchers in Parker's Crossroads, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Parker's Crossroads, Tennessee for a two-bedroom apartment is between $608 and $744.

2022 Parker's Crossroads, 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
Parker's Crossroads, Tennessee Fair Market Rent $547 $593 $676 $913 $917
Parker's Crossroads, Tennessee Payment Standard Range $492 to $602 $534 to $652 $608 to $744 $822 to $1,004 $825 to $1,009

Sourced from federal housing data and AffordableHousingOnline.com research.

Parker's Crossroads, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 10.66%
Average Renter Household Size 1.77
Average Household Size 2.54
Median Household Income $32,500 ±$21,309
Median Rent $600 ±$112
Percentage Of Renters Overburdened 61.54% ± 101.4pp
Total Population 310

Population and Household Demographics

Parker's Crossroads is a city in Henderson County, Tennessee with a population of 310. There are 122 households in the city with an average household size of 2.54 persons. 10.66% of households in Parker's Crossroads are renters.

Income and Rent Overburden in Parker's Crossroads

The median gross income for households in Parker's Crossroads is $32,500 a year, or $2,708 a month. The median rent for the city is $600 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Parker's Crossroads, a household making less than $2,000 a month would be considered overburdened when renting an apartment at or above the median rent. 61.54% of households who rent are overburdened in Parker's Crossroads.

Area Median Income In Parker's Crossroads

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 Parker's Crossroads, the AMI is calculated from all households within Henderson County.

In Parker's Crossroads, HUD calculates the Area Median Income for a family of four as $56,500

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 Parker's Crossroads

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 Parker's Crossroads

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Parker's Crossroads AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,550 $32,800 $35,050 $37,300
50% AMI Income Limits
Renters earning up to 50% of the Parker's Crossroads AMI may qualify for rental assistance programs that target Very Low Income households.
$19,800 $22,600 $25,450 $28,250 $30,550 $32,800 $35,050 $37,300
80% AMI Income Limits
Renters earning up to 80% of the Parker's Crossroads AMI may qualify for rental assistance programs that target Low Income households.
$31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700