Affordable Housing In Slayden
Dickson County, Tennessee

Guide To Affordable Housing in Slayden, Tennessee

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

Income Based Apartments in Slayden, Tennessee

Slayden 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 Slayden, Tennessee

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

Housing Choice Vouchers in Slayden, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Slayden, Tennessee for a two-bedroom apartment is between $1,265 and $1,547.

2023 Slayden, 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
Slayden, Tennessee Fair Market Rent $1,218 $1,245 $1,406 $1,758 $2,173
Slayden, Tennessee Payment Standard Range $1,096 to $1,340 $1,121 to $1,370 $1,265 to $1,547 $1,582 to $1,934 $1,956 to $2,390

Sourced from federal housing data and AffordableHousingOnline.com research.

Slayden, 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 20.31%
Average Renter Household Size 3.62
Average Household Size 2.72
Median Household Income $32,500 ±$10,704
Median Rent $625 ±$36
Percentage Of Renters Overburdened 30.77% ± 134.02pp
Total Population 174

Population and Household Demographics

Slayden is a city in Dickson County, Tennessee with a population of 174. There are 64 households in the city with an average household size of 2.72 persons. 20.31% of households in Slayden are renters.

Income and Rent Overburden in Slayden

The median gross income for households in Slayden is $32,500 a year, or $2,708 a month. The median rent for the city is $625 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Slayden, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 30.77% of households who rent are overburdened in Slayden.

Area Median Income In Slayden

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 Slayden, the AMI is calculated from all households within Dickson County.

In Slayden, HUD calculates the Area Median Income for a family of four as $96,700

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 Slayden

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 Slayden

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 Slayden AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,850 $22,650 $25,500 $28,300 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Slayden AMI may qualify for rental assistance programs that target Very Low Income households.
$33,050 $37,750 $42,450 $47,150 $50,950 $54,700 $58,500 $62,250
80% AMI Income Limits
Renters earning up to 80% of the Slayden AMI may qualify for rental assistance programs that target Low Income households.
$52,850 $60,400 $67,950 $75,450 $81,500 $87,550 $93,600 $99,600