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Affordable Housing In Van Buren County

1 Low Income Apartment Communities In Van Buren County

Highland Village

100 Highland Village Dr
Spencer, Tennessee
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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 1 low income housing apartment communities offering 25 affordable apartments for rent in Van Buren County, Tennessee.

Income Based Apartments in Van Buren County, Tennessee

Van Buren County 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 Van Buren County, Tennessee

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Van Buren County.

Housing Choice Vouchers in Van Buren County, Tennessee

On average, Section 8 Housing Choice vouchers pay Van Buren County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Van Buren County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Van Buren County, Tennessee for a two-bedroom apartment is between $584 and $714.

2020 Van Buren County, 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 $492 $493 $649 $809 $969
Payment Standard Range $443 to $541 $444 to $542 $584 to $714 $728 to $890 $872 to $1,066

Sourced from federal housing data and research.

Van Buren County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 25
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.

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 $54,200

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 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 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 $12,760 $17,240 $21,720 $26,200 $29,600 $31,800 $34,000 $36,200
50% of Median $19,200 $21,950 $24,700 $27,400 $29,600 $31,800 $34,000 $36,200
80% of Median $30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900

Cities In Van Buren County

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

City Served By
Spencer 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.