Affordable Housing In Putnam County
Tennessee

24 Low Income Apartment Communities In Putnam County

Laurel Creek

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

Algood Manor Apartments

100 Maddux Rd
Algood, Tennessee
Subsidized

Algood Village

100 Church Ct
Cookeville, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Cypress Creek Apartments

600 W 8th St
Cookeville, Tennessee

314 W 9th St

314 W 9th St
Cookeville, Tennessee

Genesis House Dixie and Virginia

1330 N Dixie Ave
Cookeville, Tennessee

Wonderwood II Apartments

1020 N Chestnut St
Monterey, Tennessee
Subsidized

Chestnut Apartments

1010 N Chestnut St
Monterey, Tennessee

135 Wall St

135 Wall St
Algood, Tennessee

Cane Creek Apartments

2500 W Jackson St
Cookeville, Tennessee

Section 8 Vouchers, Apartments, and Waiting Lists in Putnam County, 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 Putnam County, 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 Putnam County, Tennessee

There are 24 low income housing apartment communities offering 1,510 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 574 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 $682 and $834.

2022 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
Putnam County, Tennessee Fair Market Rent $572 $576 $758 $1,035 $1,185
Putnam County, Tennessee Payment Standard Range $515 to $629 $518 to $634 $682 to $834 $932 to $1,139 $1,067 to $1,304

Sourced from federal housing data and AffordableHousingOnline.com research.

Putnam County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 24
Total Low Income Apartments 1,510
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 $60,600

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

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 Putnam County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $34,400 $36,800 $39,150
50% AMI Income Limits
Renters earning up to 50% of the Putnam County AMI may qualify for rental assistance programs that target Very Low Income households.
$20,800 $23,750 $26,700 $29,650 $32,050 $34,400 $36,800 $39,150
80% AMI Income Limits
Renters earning up to 80% of the Putnam County AMI may qualify for rental assistance programs that target Low Income households.
$33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650

Cities In Putnam County

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

City Served By
Algood The HUD funded Public Housing Agency that serves Algood is the Tennessee Housing Development Agency.
Baxter The HUD funded Public Housing Agency that serves Baxter is the Tennessee Housing Development Agency.
Cookeville The HUD funded Public Housing Agencies that serve Cookeville are the Cookeville Housing Authority and Tennessee Housing Development Agency.
Monterey The HUD funded Public Housing Agency that serves Monterey is the Tennessee Housing Development Agency.