Affordable Housing In Powells Crossroads
Marion County, Tennessee

Section 8 Vouchers, Apartments, and Waiting Lists in Powells 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 Powells Crossroads, Tennessee

Housing Authority Programs
Southeast Tennessee Human Resource Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Powells Crossroads, Tennessee

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

Income Based Apartments in Powells Crossroads, Tennessee

Powells 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 Powells Crossroads, Tennessee

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

Housing Choice Vouchers in Powells Crossroads, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Powells Crossroads, Tennessee for a two-bedroom apartment is between $960 and $1,174.

2023 Powells 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
Powells Crossroads, Tennessee Fair Market Rent $910 $919 $1,067 $1,372 $1,619
Powells Crossroads, Tennessee Payment Standard Range $819 to $1,001 $827 to $1,011 $960 to $1,174 $1,235 to $1,509 $1,457 to $1,781

Sourced from federal housing data and research.

Powells 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 12.2%
Average Renter Household Size 2.22
Average Household Size 2.55
Median Household Income $58,750 ±$10,685
Median Rent $625 ±$86
Percentage Of Renters Overburdened 41.54% ± 20.7pp
Total Population 1,359

Population and Household Demographics

Powells Crossroads is a city in Marion County, Tennessee with a population of 1,359. There are 533 households in the city with an average household size of 2.55 persons. 12.2% of households in Powells Crossroads are renters.

Income and Rent Overburden in Powells Crossroads

The median gross income for households in Powells Crossroads is $58,750 a year, or $4,896 a month. The median rent for the city is $625 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Powells Crossroads, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 41.54% of households who rent are overburdened in Powells Crossroads.

Area Median Income In Powells 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 Powells Crossroads, the AMI is calculated from all households within Marion County.

In Powells Crossroads, HUD calculates the Area Median Income for a family of four as $75,200

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 Powells 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 Powells 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 Powells Crossroads AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,800 $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 Powells Crossroads AMI may qualify for rental assistance programs that target Very Low Income households.
$26,350 $30,100 $33,850 $37,600 $40,650 $43,650 $46,650 $49,650
80% AMI Income Limits
Renters earning up to 80% of the Powells Crossroads AMI may qualify for rental assistance programs that target Low Income households.
$42,150 $48,150 $54,150 $60,150 $65,000 $69,800 $74,600 $79,400