![]() ![]() Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. In Lewisburg, HUD calculates the Area Median Income for a family of four as $78,000 For Lewisburg, the AMI is calculated from all households within Marshall County. 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. 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 LewisburgĪffordable housing program eligibility is always determined by one's income. ![]() In Lewisburg, a household making less than $2,033 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ3.91% of households who rent are overburdened in Lewisburg. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Lewisburg is $34,201 a year, or $2,850 a month. 44.45% of households in Lewisburg are renters. There are 4,432 households in the city with an average household size of 2.46 persons. Lewisburg is a city in Marshall County, Tennessee with a population of 11,321. ± 9.38pp Total Population 11,321 Population and Household Demographics ±$28 Percentage Of Renters Overburdened 43.91% Total Affordable Apartment Properties 11 Total Low Income Apartments 754 Total Housing Units with Rental Assistance 590 Percentage of Housing Units Occupied By Renters 44.45% Average Renter Household Size 2.53 Average Household Size 2.46 Median Household Income $34,201 Lewisburg, 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 Lewisburg, 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 Lewisburg, Tennessee for a two-bedroom apartment is between $785 and $959. The average voucher holder contributes $400 towards rent in Lewisburg. On average, Section 8 Housing Choice vouchers pay Lewisburg landlords $600 per month towards rent. Housing Choice Vouchers in Lewisburg, Tennessee There are 164 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lewisburg. Low Rent Apartments in Lewisburg, Tennessee Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Lewisburg features 590 income based apartments. Lewisburg, Tennessee Affordable Housing Data Income Based Apartments in Lewisburg, Tennessee ![]()
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