Affordable Housing In Van Buren County

Housing Authorities that serve Van Buren County

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

Guide To Affordable Housing in Van Buren County, Tennessee

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Van Buren County, Tennessee. Van Buren County features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Van Buren County.

Sourced from federal housing data and research.

Van Buren County, 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 14.06%
Average Renter Household Size 2.68
Average Household Size 2.61
Median Household Income $40,439 ±$3,569
Median Rent $506 ±$96
Percentage Of Renters Overburdened 30.07% ± 12.67pp
Total Population 5,596

Population and Household Demographics

Van Buren County is a County in Tennessee with a population of 5,596. There are 2,106 households in the county with an average household size of 2.61 persons. 14.06% of households in Van Buren County are renters.

Income and Rent Overburden in Van Buren County

The median gross income for households in Van Buren County is $40,439 a year, or $3,370 a month. The median rent for the county is $506 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Van Buren County, a household making less than $1,687 a month would be considered overburdened when renting an apartment at or above the median rent. 30.07% of households who rent are overburdened in Van Buren County.1

Area Median Income In Van Buren 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 Van Buren County, HUD calculates the Area Median Income for a family of four as $50,000

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 Van Buren 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 Van Buren County HUD Rental Assistance in Van Buren 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 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Fair Market Rents in Van Buren 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$492 $493 $649 $809 $969

Cities In Van Buren County

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

City Listings Served By
Spencer 0 The HUD funded Public Housing Agencies that serve Spencer are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.