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Affordable Housing In Putnam County
Tennessee

23 Low Income Apartment Communities In Putnam County

Baxter Apartments

296 Highland Ave
Baxter, Tennessee
Income Based
1-2 BR
Subsidized

Greenwood Place

265 Quinland Lake Road
Algood, Tennessee
$411-690
1-3 BR

Terrace Townhomes

1366 Crescent Dr.
Cookeville, Tennessee
Call For Rent
3 BR

Garden Grove Apartments

300 Quinland Lake Ct
Cookeville, Tennessee

Rolling Meadows Apartments

186 Dry Valley Rd
Algood, Tennessee

Highland Manor II

614 N Holly ST
Monterey, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Highland Manor Apartments

535 Old Walton Rd
Monterey, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Quinland Ridge

394 4th Avenue
Cookeville, Tennessee

Walnut Village Apartments

201 S Walnut Ave
Cookeville, Tennessee
Subsidized

Laurel Creek

580 Cora Rd
Cookeville, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Housing Authorities that serve Putnam County

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

Guide To Affordable Housing in Putnam County, Tennessee

There are 23 low income housing apartment communities offering 1,452 affordable apartments for rent in Putnam County, Tennessee.

Income Based Apartments in Putnam County, Tennessee

Putnam County features 936 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 Putnam County, Tennessee

There are 516 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Putnam County.

Housing Choice Vouchers in Putnam County, Tennessee

On average, Section 8 Housing Choice vouchers pay Putnam County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Putnam County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Putnam County, Tennessee for a two-bedroom apartment is between $639 and $781.

2020 Putnam County, 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
Fair Market Rent $552 $556 $710 $985 $1,041
Payment Standard Range $497 to $607 $500 to $612 $639 to $781 $887 to $1,084 $937 to $1,145

Sourced from federal housing data and AffordableHousingOnline.com research.

Putnam County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 23
Total Low Income Apartments 1,452
Total Housing Units with Rental Assistance 936
Percentage of Housing Units Occupied By Renters 37.71%
Average Renter Household Size 2.18
Average Household Size 2.38
Median Household Income $35,343 ±$2,002
Median Rent $616 ±$19
Percentage Of Renters Overburdened 48.43% ± 3.78pp
Total Population 73,810

Population and Household Demographics

Putnam County is a county in Tennessee with a population of 73,810. There are 29,721 households in the county with an average household size of 2.38 persons. 37.71% of households in Putnam County are renters.

Income and Rent Overburden in Putnam County

The median gross income for households in Putnam County is $35,343 a year, or $2,945 a month. The median rent for the county is $616 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Putnam County, a household making less than $2,053 a month would be considered overburdened when renting an apartment at or above the median rent. 48.43% of households who rent are overburdened in Putnam County.

Area Median Income In Putnam 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 Putnam County, 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 Putnam 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 HUD Rental Assistance in Putnam County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,550 $32,800 $35,050 $37,300
50% of Median $19,800 $22,600 $25,450 $28,250 $30,550 $32,800 $35,050 $37,300
80% of Median $31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700

Cities In Putnam County

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

City Served By
Algood The HUD funded Public Housing Agencies that serve Algood are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Baxter The HUD funded Public Housing Agencies that serve Baxter are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Cookeville The HUD funded Public Housing Agencies that serve Cookeville are the Cookeville Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Monterey The HUD funded Public Housing Agencies that serve Monterey are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.