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Affordable Housing In Saltillo
Hardin County, Tennessee

Housing Authorities that serve Saltillo

Housing Authority Programs
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 Saltillo, Tennessee

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

Income Based Apartments in Saltillo, Tennessee

Saltillo 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 Saltillo, Tennessee

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

Housing Choice Vouchers in Saltillo, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Saltillo, Tennessee for a two-bedroom apartment is between $612 and $748.

2020 Saltillo, 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 $516 $516 $680 $847 $1,034
Payment Standard Range $464 to $568 $464 to $568 $612 to $748 $762 to $932 $931 to $1,137

Sourced from federal housing data and AffordableHousingOnline.com research.

Saltillo, 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 21.26%
Average Renter Household Size 1.52
Average Household Size 2.19
Median Household Income $27,500 ±$5,668
Median Rent $525 ±$228
Percentage Of Renters Overburdened 11.11% ± 33.09pp
Total Population 557

Population and Household Demographics

Saltillo is a city in Hardin County, Tennessee with a population of 557. There are 254 households in the city with an average household size of 2.19 persons. 21.26% of households in Saltillo are renters.

Income and Rent Overburden in Saltillo

The median gross income for households in Saltillo is $27,500 a year, or $2,292 a month. The median rent for the city is $525 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saltillo, a household making less than $1,750 a month would be considered overburdened when renting an apartment at or above the median rent. 11.11% of households who rent are overburdened in Saltillo.

Area Median Income In Saltillo

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 Saltillo, the AMI is calculated from all households within Hardin County.

In Saltillo, HUD calculates the Area Median Income for a family of four as $53,900

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 Saltillo

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 Saltillo

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 $29,600 $31,800 $34,000 $36,200
50% of Median $19,200 $21,950 $24,700 $27,400 $29,600 $31,800 $34,000 $36,200
80% of Median $30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900