Affordable Housing In Rutherford
2 Low Income Apartment Communities In Rutherford
Housing Authorities that serve Rutherford
|Tennessee Housing Development Agency Central Office||Section 8 Housing Choice Voucher (HCV); Mainstream Voucher|
|Tennessee Housing Development Agency West Tennessee Office||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher|
Guide To Affordable Housing in Rutherford, Tennessee
There are 2 low income housing apartment communities offering 66 affordable apartments for rent in Rutherford, Tennessee.
Income Based Apartments in Rutherford, Tennessee
Rutherford features 12 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 Rutherford, Tennessee
There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rutherford.
Housing Choice Vouchers in Rutherford, Tennessee
On average, Section 8 Housing Choice vouchers pay Rutherford landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rutherford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rutherford, Tennessee for a two-bedroom apartment is between $598 and $730.
2020 Rutherford, 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||$504||$583||$664||$916||$1,166|
|Payment Standard Range||$454 to $554||$525 to $641||$598 to $730||$824 to $1,008||$1,049 to $1,283|
Sourced from federal housing data and AffordableHousingOnline.com research.
Rutherford, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||66|
|Total Housing Units with Rental Assistance||12|
|Percentage of Housing Units Occupied By Renters||22.77%|
|Average Renter Household Size||2.35|
|Average Household Size||2.48|
|Median Household Income||$31,917 ±$4,240|
|Median Rent||$533 ±$30|
|Percentage Of Renters Overburdened||45.45% ± 23.58pp|
Population and Household Demographics
Rutherford is a city in Gibson County, Tennessee with a population of 1,199. There are 483 households in the city with an average household size of 2.48 persons. 22.77% of households in Rutherford are renters.
Income and Rent Overburden in Rutherford
The median gross income for households in Rutherford is $31,917 a year, or $2,660 a month. The median rent for the city is $533 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rutherford, a household making less than $1,777 a month would be considered overburdened when renting an apartment at or above the median rent. 45.45% of households who rent are overburdened in Rutherford.
Area Median Income In Rutherford
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 Rutherford, the AMI is calculated from all households within Gibson County.
In Rutherford, HUD calculates the Area Median Income for a family of four as $55,200
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 Rutherford
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 Rutherford
|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||$29,850||$32,050||$34,250||$36,450|
|50% of Median||$19,350||$22,100||$24,850||$27,600||$29,850||$32,050||$34,250||$36,450|
|80% of Median||$30,950||$35,350||$39,750||$44,150||$47,700||$51,250||$54,750||$58,300|