Affordable Housing In Sequatchie County
7 Low Income Apartment Communities In Sequatchie County
Housing Authorities that serve Sequatchie County
|Southeast Tennessee Human Resource Agency||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency|
Guide To Affordable Housing in Sequatchie County, Tennessee
There are 7 low income housing apartment communities offering 229 affordable apartments for rent in Sequatchie County, Tennessee.
Income Based Apartments in Sequatchie County, Tennessee
Sequatchie County features 111 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 Sequatchie County, Tennessee
There are 118 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sequatchie County.
Housing Choice Vouchers in Sequatchie County, Tennessee
On average, Section 8 Housing Choice vouchers pay Sequatchie County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Sequatchie County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sequatchie County, Tennessee for a two-bedroom apartment is between $749 and $915.
2020 Sequatchie 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||$599||$686||$832||$1,081||$1,305|
|Payment Standard Range||$539 to $659||$617 to $755||$749 to $915||$973 to $1,189||$1,175 to $1,436|
Sourced from federal housing data and AffordableHousingOnline.com research.
Sequatchie County, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||229|
|Total Housing Units with Rental Assistance||111|
|Percentage of Housing Units Occupied By Renters||25.91%|
|Average Renter Household Size||2.29|
|Average Household Size||2.56|
|Median Household Income||$45,408 ±$6,678|
|Median Rent||$608 ±$66|
|Percentage Of Renters Overburdened||39.52% ± 9.68pp|
Population and Household Demographics
Sequatchie County is a county in Tennessee with a population of 14,592. There are 5,615 households in the county with an average household size of 2.56 persons. 25.91% of households in Sequatchie County are renters.
Income and Rent Overburden in Sequatchie County
The median gross income for households in Sequatchie County is $45,408 a year, or $3,784 a month. The median rent for the county is $608 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sequatchie County, a household making less than $2,027 a month would be considered overburdened when renting an apartment at or above the median rent. 39.52% of households who rent are overburdened in Sequatchie County.
Area Median Income In Sequatchie 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 Sequatchie County, HUD calculates the Area Median Income for a family of four as $72,600
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 Sequatchie 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 Sequatchie County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,300||$17,450||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,450||$29,050||$32,700||$36,300||$39,250||$42,150||$45,050||$47,950|
|80% of Median||$40,700||$46,500||$52,300||$58,100||$62,750||$67,400||$72,050||$76,700|
Cities In Sequatchie County
Select A City to View its Apartment Communities and Waiting Lists.
|Dunlap||The HUD funded Public Housing Agency that serves Dunlap is the Southeast Tennessee Human Resource Agency.|
|Lone Oak||The HUD funded Public Housing Agency that serves Lone Oak is the Southeast Tennessee Human Resource Agency.|