Low Income Apartments In Tipton County
Tennessee

Low Income Apartments In Tipton County

Fox Hollow Community

100 Fox Hollow Run
Covington, TN
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Glendale Commons

351 Mueller Brass Rd
Covington, TN
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Cantebury Apartments

100 Canterbury Cir
Covington, TN
HCV Welcome

Surrywood Apartments I & II

74 Birchwood Drive
Munford, TN

Broadmeadow Place Apartments

150 Peeler Rd
Covington, TN
Subsidized

Meadowview Elderly Apartments

1000 Meadowview Cv
Covington, TN
Subsidized

Cottonwood Apartments

1981 Cottonwood Pl
Covington, TN
HCV Welcome

Mason Manor Apartments

50 Mason Manor Ln
Mason, TN
Subsidized

Tiptonville Village

149 Jamie Lynn Cv
Covington, TN
Subsidized

Eaglewood 8 Apartments

50 Eaglewood Cove
Covington, TN
Subsidized

There are 14 low income housing apartment complexes which contain 943 affordable apartments for rent in Tipton County, Tennessee. Many of these rental apartments are income based housing with about 663 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 198 Project-Based Section 8 subsidized apartments in Tipton County. There are 280 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Tipton County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing; Mainstream Voucher

Other Housing Authorities located in Tipton County

Housing Authority Programs
Covington Housing Authority Public Housing

Guide To Affordable Housing in Tipton County, Tennessee

Tipton County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 943
Total Rent Assisted Apartments 663
Percentage of Housing Units Occupied By Renters 27.87%
Average Renter Household Size 2.85
Total Population 61,674
Housing Units 21,575
Average Household Size 2.82
Median Household Income $53,669 ±$2,038
Median Rent $741 ±$29
Percentage Of Renters Overburdened 40.14% ± 5.74pp

Population and Household Demographics

Tipton County is a County in Tennessee with a population of 61,674. There are 21,575 households in the county with an average household size of 2.82 persons. 27.87% of households in Tipton County are renters.

Income and Rent Overburden in Tipton County

The median gross income for households in Tipton County is $53,669 a year, or $4,472 a month. The median rent for the county is $741 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tipton County, a household making less than $2,470 a month would be considered overburdened when renting an apartment at or above the median rent. 40.14% of households who rent are overburdened in Tipton County.1

Area Median Income In Tipton 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 Tipton County, HUD calculates the Area Median Income for a family of four as $64,200

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 Tipton 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 Tipton County HUD Rental Assistance in Tipton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,500 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $22,500 $25,700 $28,900 $32,100 $34,700 $37,250 $39,850 $42,400
80% of Median $35,950 $41,100 $46,250 $51,350 $55,500 $59,600 $63,700 $67,800
Low Income Housing Tax Credits in Tipton County

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

From 1990 to 2003, 8 low income apartment communities containing 391 rental apartments have been constructed and made affordable to low income persons in Tipton 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 Tipton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,000 $30,840 $34,680 $38,520 $41,640 $44,700 $47,820 $50,880

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 Tipton County is $34,680 a year, or $2,890 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,890 by 30% to get a maximum rent of $867 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% $563 $603 $723 $835 $931 $1,028
60% $675 $723 $867 $1,002 $1,118 $1,234
Fair Market Rents in Tipton 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
$658 $742 $875 $1,194 $1,372

Cities In Tipton County

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

City Listings Served By
Covington 10 The HUD funded Public Housing Agencies that serve Covington are the Covington Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Mason 1 The HUD funded Public Housing Agencies that serve Mason are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Munford 2 The HUD funded Public Housing Agencies that serve Munford are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Atoka 0 The HUD funded Public Housing Agencies that serve Atoka are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Brighton 1 The HUD funded Public Housing Agencies that serve Brighton are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Burlison 0 The HUD funded Public Housing Agencies that serve Burlison are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Garland 0 The HUD funded Public Housing Agencies that serve Garland are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Gilt Edge 0 The HUD funded Public Housing Agencies that serve Gilt Edge are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.