Ripley, Tennessee Affordable Housing

Affordable Housing programs support 409 income based apartments in Ripley where households pay rent based on how much they earn.

There are 222 affordable apartments in Ripley that offer reduced rents to low-income households.

Waiting Lists in Ripley, Tennessee

There are no open Section 8 Housing Choice Voucher waiting lists in Ripley. Go to the Tennessee Section 8 Waiting Lists page for openings near Ripley.

Spring Forest Apartments

223 Kellar Ave
Ripley, Tennessee
Call For Rent
1-2 BR
62+

Ripley Meadows Apartments

271 Gay St
Ripley, Tennessee
Rent Assisted

Ripley Meadows First Addition

249 Gay Street Ext
Ripley, Tennessee
Rent Assisted

Ripley Terrace Apartment

219 Volz Rd
Ripley, Tennessee
Affordable

Chapel Ridge at Ripley

449 Robeson St
Ripley, Tennessee
Affordable

148 Chapel Cir

148 Chapel Cir
Ripley, Tennessee

Lauderdale Homes ( Aka Autumn Hills )

25 Geoffrey Ave
Ripley, Tennessee
Affordable
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Affordable Housing Near Ripley

View affordable apartments and waiting lists in cities near Ripley

City Apartments
Henning, TN Affordable Housing programs support 2 apartment communities in Henning.
Halls, TN Affordable Housing programs support 2 apartment communities in Halls.
Gates, TN Affordable Housing programs support 1 apartment communities in Gates.

Public Housing Agencies Serving Ripley, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Ripley Housing Authority Public Housing
Tennessee Housing Development Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Ripley.

Ripley, Tennessee Affordable Housing Data

Income Based Apartments in Ripley, Tennessee

Ripley features 409 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 Ripley, Tennessee

There are 222 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ripley.

Housing Choice Vouchers in Ripley, Tennessee

On average, Section 8 Housing Choice vouchers pay Ripley landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Ripley.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ripley, Tennessee for a two-bedroom apartment is between $672 and $822.

2023 Ripley, 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
Ripley, Tennessee Fair Market Rent $564 $567 $747 $974 $1,196
Ripley, Tennessee Payment Standard Range $508 to $620 $510 to $624 $672 to $822 $877 to $1,071 $1,076 to $1,316

Sourced from federal housing data and AffordableHousingOnline.com research.

Ripley, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 631
Total Housing Units with Rental Assistance 409
Percentage of Housing Units Occupied By Renters 61.56%
Average Renter Household Size 2.53
Average Household Size 2.39
Median Household Income $22,808 ±$3,541
Median Rent $620 ±$42
Percentage Of Renters Overburdened 50.53% ± 8.72pp
Total Population 8,291

Population and Household Demographics

Ripley is a city in Lauderdale County, Tennessee with a population of 8,291. There are 3,356 households in the city with an average household size of 2.39 persons. 61.56% of households in Ripley are renters.

Income and Rent Overburden in Ripley

The median gross income for households in Ripley is $22,808 a year, or $1,901 a month. The median rent for the city is $620 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ripley, a household making less than $2,067 a month would be considered overburdened when renting an apartment at or above the median rent. 50.53% of households who rent are overburdened in Ripley.

Area Median Income In Ripley

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 Ripley, the AMI is calculated from all households within Lauderdale County.

In Ripley, HUD calculates the Area Median Income for a family of four as $49,900

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 Ripley

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 Ripley

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 Ripley AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $36,600 $39,150 $41,650
50% AMI Income Limits
Renters earning up to 50% of the Ripley AMI may qualify for rental assistance programs that target Very Low Income households.
$22,100 $25,250 $28,400 $31,550 $34,100 $36,600 $39,150 $41,650
80% AMI Income Limits
Renters earning up to 80% of the Ripley AMI may qualify for rental assistance programs that target Low Income households.
$35,350 $40,400 $45,450 $50,450 $54,500 $58,550 $62,600 $66,600