Affordable Housing In South Pittsburg
3 Low Income Apartment Communities In South Pittsburg
Housing Authorities that serve South Pittsburg
|South Pittsburg Housing Authority||Public Housing|
|Southeast Tennessee Human Resource Agency||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency|
Guide To Affordable Housing in South Pittsburg, Tennessee
There are 3 low income housing apartment communities offering 263 affordable apartments for rent in South Pittsburg, Tennessee.
Income Based Apartments in South Pittsburg, Tennessee
South Pittsburg features 263 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 South Pittsburg, Tennessee
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Pittsburg.
Housing Choice Vouchers in South Pittsburg, Tennessee
On average, Section 8 Housing Choice vouchers pay South Pittsburg landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in South Pittsburg.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Pittsburg, Tennessee for a two-bedroom apartment is between $749 and $915.
2020 South Pittsburg, 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.
South Pittsburg, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||263|
|Total Housing Units with Rental Assistance||263|
|Percentage of Housing Units Occupied By Renters||47.89%|
|Average Renter Household Size||2.02|
|Average Household Size||2.23|
|Median Household Income||$32,725 ±$5,562|
|Median Rent||$497 ±$129|
|Percentage Of Renters Overburdened||44.25% ± 15.34pp|
Population and Household Demographics
South Pittsburg is a City in Marion County, Tennessee with a population of 3,107. There are 1,326 households in the city with an average household size of 2.23 persons. 47.89% of households in South Pittsburg are renters.
Income and Rent Overburden in South Pittsburg
The median gross income for households in South Pittsburg is $32,725 a year, or $2,727 a month. The median rent for the city is $497 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Pittsburg, a household making less than $1,657 a month would be considered overburdened when renting an apartment at or above the median rent. 44.25% of households who rent are overburdened in South Pittsburg.1
Area Median Income In South Pittsburg
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 South Pittsburg, the AMI is calculated from all households within Marion County.
In South Pittsburg, HUD calculates the Area Median Income for a family of four as $70,100
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 South Pittsburg
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 South Pittsburg
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,250||$16,910||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$23,750||$27,150||$30,550||$33,900||$36,650||$39,350||$42,050||$44,750|
|80% of Median||$38,000||$43,400||$48,850||$54,250||$58,600||$62,950||$67,300||$71,650|