Affordable Housing In Wartrace
Bedford County, Tennessee

1 Low Income Apartment Communities In Wartrace

Posthouse Apartments

515 Blackman Blvd West
Wartrace, Tennessee
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Section 8 Vouchers, Apartments, and Waiting Lists in Wartrace, Tennessee

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Wartrace, Tennessee

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

Guide To Affordable Housing in Wartrace, Tennessee

There are 1 low income housing apartment communities offering 0 affordable apartments for rent in Wartrace, Tennessee.

Income Based Apartments in Wartrace, Tennessee

Wartrace 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 Wartrace, Tennessee

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

Housing Choice Vouchers in Wartrace, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wartrace, Tennessee for a two-bedroom apartment is between $752 and $919.

2022 Wartrace, 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
Wartrace, Tennessee Fair Market Rent $630 $635 $835 $1,032 $1,181
Wartrace, Tennessee Payment Standard Range $567 to $693 $572 to $699 $752 to $919 $929 to $1,135 $1,063 to $1,299

Sourced from federal housing data and research.

Wartrace, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 24.9%
Average Renter Household Size 2.52
Average Household Size 2.54
Median Household Income $38,750 ±$9,747
Median Rent $685 ±$73
Percentage Of Renters Overburdened 34.38% ± 23.69pp
Total Population 653

Population and Household Demographics

Wartrace is a city in Bedford County, Tennessee with a population of 653. There are 257 households in the city with an average household size of 2.54 persons. 24.9% of households in Wartrace are renters.

Income and Rent Overburden in Wartrace

The median gross income for households in Wartrace is $38,750 a year, or $3,229 a month. The median rent for the city is $685 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wartrace, a household making less than $2,283 a month would be considered overburdened when renting an apartment at or above the median rent. 34.38% of households who rent are overburdened in Wartrace.

Area Median Income In Wartrace

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 Wartrace, the AMI is calculated from all households within Bedford County.

In Wartrace, HUD calculates the Area Median Income for a family of four as $56,300

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 Wartrace

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 Wartrace

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30% AMI Income Limits
Renters earning up to 30% of the Wartrace AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,500 $32,750 $35,000 $37,250
50% AMI Income Limits
Renters earning up to 50% of the Wartrace AMI may qualify for rental assistance programs that target Very Low Income households.
$19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% AMI Income Limits
Renters earning up to 80% of the Wartrace AMI may qualify for rental assistance programs that target Low Income households.
$31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550