Affordable Housing In Thompson's Station
Williamson County, Tennessee

Housing Authorities that serve Thompson's Station

Housing Authority Programs
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 Thompson's Station, Tennessee

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Thompson's Station, Tennessee.

Income Based Apartments in Thompson's Station, Tennessee

Thompson's Station 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 Thompson's Station, Tennessee

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

Housing Choice Vouchers in Thompson's Station, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Thompson's Station, Tennessee for a two-bedroom apartment is between $1,022 and $1,250.

2020 Thompson's Station, 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 $898 $957 $1,136 $1,484 $1,822
Payment Standard Range $808 to $988 $861 to $1,053 $1,022 to $1,250 $1,336 to $1,632 $1,640 to $2,004

Sourced from federal housing data and research.

Thompson's Station, 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 10.36%
Average Renter Household Size 2.86
Average Household Size 3.16
Median Household Income $95,096 ±$18,915
Median Rent $1,511 ±$315
Percentage Of Renters Overburdened 45.74% ± 42.07pp
Total Population 2,862

Population and Household Demographics

Thompson's Station is a City in Williamson County, Tennessee with a population of 2,862. There are 907 households in the city with an average household size of 3.16 persons. 10.36% of households in Thompson's Station are renters.

Income and Rent Overburden in Thompson's Station

The median gross income for households in Thompson's Station is $95,096 a year, or $7,925 a month. The median rent for the city is $1,511 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Thompson's Station, a household making less than $5,037 a month would be considered overburdened when renting an apartment at or above the median rent. 45.74% of households who rent are overburdened in Thompson's Station.1

Area Median Income In Thompson's Station

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 Thompson's Station, the AMI is calculated from all households within Williamson County.

In Thompson's Station, HUD calculates the Area Median Income for a family of four as $80,000

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 Thompson's Station

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 Thompson's Station

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
80% of Median $44,800 $51,200 $57,600 $64,000 $69,150 $74,250 $79,400 $84,500