Affordable Housing In Spring Hill
1 Low Income Apartment Communities In Spring Hill
Housing Authorities that serve Spring Hill
|Tennessee Housing Development Agency Central Office||Section 8 Housing Choice Voucher (HCV); Mainstream Voucher|
|Tennessee Housing Development Agency South Central Tennessee Office||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Spring Hill, Tennessee
There are 1 low income housing apartment communities offering 32 affordable apartments for rent in Spring Hill, Tennessee.
Income Based Apartments in Spring Hill, Tennessee
Spring Hill features 32 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 Spring Hill, Tennessee
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring Hill.
Housing Choice Vouchers in Spring Hill, Tennessee
On average, Section 8 Housing Choice vouchers pay Spring Hill landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Spring Hill.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spring Hill, Tennessee for a two-bedroom apartment is between $810 and $990.
2020 Spring Hill, 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||$706||$739||$900||$1,298||$1,390|
|Payment Standard Range||$635 to $777||$665 to $813||$810 to $990||$1,168 to $1,428||$1,251 to $1,529|
Sourced from federal housing data and AffordableHousingOnline.com research.
Spring Hill, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||32|
|Total Housing Units with Rental Assistance||32|
|Percentage of Housing Units Occupied By Renters||21.71%|
|Average Renter Household Size||2.92|
|Average Household Size||3.07|
|Median Household Income||$78,588 ±$3,864|
|Median Rent||$1,149 ±$101|
|Percentage Of Renters Overburdened||46.12% ± 13.93pp|
Population and Household Demographics
Spring Hill is a city in Maury County, Tennessee with a population of 32,831. There are 10,685 households in the city with an average household size of 3.07 persons. 21.71% of households in Spring Hill are renters.
Income and Rent Overburden in Spring Hill
The median gross income for households in Spring Hill is $78,588 a year, or $6,549 a month. The median rent for the city is $1,149 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spring Hill, a household making less than $3,830 a month would be considered overburdened when renting an apartment at or above the median rent. 46.12% of households who rent are overburdened in Spring Hill.
Area Median Income In Spring Hill
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 Spring Hill, the AMI is calculated from all households within Maury County.
In Spring Hill, HUD calculates the Area Median Income for a family of four as $70,800
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 Spring Hill
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 Spring Hill
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,700||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$24,450||$27,950||$31,450||$34,900||$37,700||$40,500||$43,300||$46,100|
|80% of Median||$39,100||$44,700||$50,300||$55,850||$60,350||$64,800||$69,300||$73,750|