Affordable Housing In Smith County
Tennessee

6 Low Income Apartment Communities In Smith County

South Carthage Manor

116 Old Lebanon Rd
Carthage, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Creekwood Apartments

115 Bradford Pl
Carthage, TN
HCV Welcome
Subsidized

Rewoda Heights

164 Gordon Dr
Gordonsville, TN

Skyline Manor I Apartments CO Janice Perrigo

110 Horizon Cir
Carthage, TN
Subsidized

Hickory Hill Apartments

Hwy 70 Hickory Hills Ln
South Carthage, TN
HCV Welcome

Meadow Greene Apartments

118 Meadow Green Ln
Gordonsville, TN
HCV Welcome
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There are 6 low income housing apartment complexes which contain 278 affordable apartments for rent in Smith County. Many of these rental apartments are income based housing with 166 apartments that set rent based on your income. In Smith County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 112 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Smith County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency

Other Housing Authorities located in Smith County

Housing Authority Programs
South Carthage Housing Authority Public Housing

Guide To Affordable Housing in Smith County, Tennessee

Smith County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 278
Total Rent Assisted Apartments 166
Percentage of Housing Units Occupied By Renters 23.8%
Average Renter Household Size 2.35
Total Population 19,136
Housing Units 7,478
Average Household Size 2.53
Median Household Income $43,914 ±$3,249
Median Rent $538 ±$29
Percentage Of Renters Overburdened 37.3% ± 6.58pp

Population and Household Demographics

Smith County is a County in Tennessee with a population of 19,136. There are 7,478 households in the county with an average household size of 2.53 persons. 23.8% of households in Smith County are renters.

Income and Rent Overburden in Smith County

The median gross income for households in Smith County is $43,914 a year, or $3,660 a month. The median rent for the county is $538 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Smith County, a household making less than $1,793 a month would be considered overburdened when renting an apartment at or above the median rent. 37.3% of households who rent are overburdened in Smith County.1

Area Median Income In Smith 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 Smith County, HUD calculates the Area Median Income for a family of four as $57,600

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 Smith 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 Smith County HUD Rental Assistance in Smith County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,450 $35,750 $38,050
50% of Median $20,200 $23,050 $25,950 $28,800 $31,150 $33,450 $35,750 $38,050
80% of Median $32,300 $36,900 $41,500 $46,100 $49,800 $53,500 $57,200 $60,900
Low Income Housing Tax Credits in Smith County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2005, 3 low income apartment communities containing 144 rental apartments have been constructed and made affordable to low income persons in Smith County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Smith County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,200 $23,050 $25,950 $28,800 $31,150 $33,450 $35,750 $38,050
60% of Median $24,240 $27,660 $31,140 $34,560 $37,380 $40,140 $42,900 $45,660

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Smith County is $31,140 a year, or $2,595 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,595 by 30% to get a maximum rent of $779 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $505 $541 $649 $749 $836 $923
60% $606 $649 $779 $899 $1,004 $1,107
Fair Market Rents in Smith County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$517 $529 $700 $877 $1,125

Cities In Smith County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Carthage 3 The HUD funded Public Housing Agencies that serve Carthage are the Gallatin Housing Authority, South Carthage Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
South Carthage 1 The HUD funded Public Housing Agencies that serve South Carthage are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Gordonsville 2 The HUD funded Public Housing Agencies that serve Gordonsville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.