Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. In Marshall County, HUD calculates the Area Median Income for a family of four as $78,000 The AMI is calculated and published each year by HUD. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. Area Median Income In Marshall CountyĪffordable housing program eligibility is always determined by one's income. In Marshall County, a household making less than $2,177 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ1.87% of households who rent are overburdened in Marshall County. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Marshall County is $42,661 a year, or $3,555 a month. Income and Rent Overburden in Marshall County 27.18% of households in Marshall County are renters. There are 11,968 households in the county with an average household size of 2.57 persons. Marshall County is a county in Tennessee with a population of 31,159. ± 6.82pp Total Population 31,159 Population and Household Demographics ±$25 Percentage Of Renters Overburdened 41.87% Total Affordable Apartment Properties 14 Total Low Income Apartments 886 Total Housing Units with Rental Assistance 722 Percentage of Housing Units Occupied By Renters 27.18% Average Renter Household Size 2.61 Average Household Size 2.57 Median Household Income $42,661 Marshall County, TN Affordable Housing Snapshot Sourced from federal housing data and research. 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. 2023 Marshall County, Tennessee Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Marshall County, Tennessee for a two-bedroom apartment is between $785 and $959. The average voucher holder contributes $300 towards rent in Marshall County. On average, Section 8 Housing Choice vouchers pay Marshall County landlords $600 per month towards rent. Housing Choice Vouchers in Marshall County, Tennessee There are 164 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall County. Low Rent Apartments in Marshall County, Tennessee Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Marshall County features 722 income based apartments. Marshall County, Tennessee Affordable Housing Data Income Based Apartments in Marshall County, Tennessee
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