Out of Reach

 
Out of Reach:

Rental Housing At What Cost?

October, 1998
Tennessee
(Tables are wide. Scroll to the right.) >>
State and Metro Area Data
 
   
 
      
Income Needed to Afford FMR
Estimated % Renters unable to afford FMR
Hourly Wage Needed to Afford
Percent of Federal Minimum Wage (@$5.15)
Work Hours/week Necessary at Minimum Wage
  
   
FAIR MARKET RENTS BY NUMBER OF BEDROOMS
    
Amount
Percent of AMI
Estimated % of Renter median
                  
 
1990 RENTER HOUSEHOLDS
Zero 
One 
Two 
Three 
Four 
1998 Area Median Income (HUD) 
1998 Estimated Renter Median Income
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
  
Tennessee
443,249 
$ 353 
$ 419 
$ 510 
$ 692 
$ 772 
$ 44,668 
$ 29,889 
$ 16,759 
$ 20,414 
38%
46%
56%
68%
30%
37%
$ 8.06 
$ 9.81 
156%
191%
63
76
 Tennessee
METRO AREA                                             METRO AREA
Clarksville-Hopkinsville, TN-KY
23,377 
$ 331 
$ 371 
$ 434 
$ 593 
$ 609 
$ 36,800 
$ 27,586 
$ 14,840 
$ 17,360 
40%
47%
54%
63%
28%
33%
$ 7.13 
$ 8.35 
139%
162%
55
65
 Clarksville-Hopkinsville, TN-KY
Jackson, TN
11,279 
$ 257 
$ 338 
$ 453 
$ 627 
$ 631 
$ 39,800 
$ 27,645 
$ 13,520 
$ 18,120 
34%
46%
49%
66%
26%
35%
$ 6.50 
$ 8.71 
126%
169%
50
68
 Jackson, TN
Johnson City-Kingsport-Bristol, TN-VA
44,895 
$ 297 
$ 355 
$ 438 
$ 570 
$ 675 
$ 35,500 
$ 23,876 
$ 14,200 
$ 17,520 
40%
49%
59%
73%
32%
39%
$ 6.83 
$ 8.42 
133%
164%
53
65
 Johnson City-Kingsport-Bristol, TN-VA
Knoxville, TN
73,331 
$ 297 
$ 366 
$ 459 
$ 612 
$ 736 
$ 42,300 
$ 27,095 
$ 14,640 
$ 18,360 
35%
43%
54%
68%
28%
35%
$ 7.04 
$ 8.83 
137%
171%
55
69
 Knoxville, TN
Memphis, TN-AR-MS
139,885 
$ 340 
$ 395 
$ 465 
$ 646 
$ 679 
$ 45,000 
$ 29,627 
$ 15,800 
$ 18,600 
35%
41%
53%
63%
28%
33%
$ 7.60 
$ 8.94 
147%
174%
59
69
 Memphis, TN-AR-MS
Nashville, TN
138,225 
$ 417 
$ 498 
$ 614 
$ 837 
$ 940 
$ 50,100 
$ 34,400 
$ 19,900 
$ 24,600 
40%
49%
58%
72%
31%
38%
$ 9.57 
$ 11.83 
186%
230%
74
92
 Nashville, TN

County Data
 

         
Income Needed to Afford FMR
Estimated % Renters unable to afford FMR
  
         
Amount
Percent of AMI
Estimated % of Renter median
      
County  Metro Area
Renter
Households,
1990
1998 Area Median Income (HUD)
1998 Estimated Renter Median Income 
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
 County 
Anderson County  Knoxville, TN
7,983 
$ 42,300 
$ 26,700 
$ 14,640 
$ 18,360 
35%
43%
55%
69%
30%
37%
 Anderson County 
Blount County  Knoxville, TN
8,552 
$ 42,300 
$ 26,700 
$ 14,640 
$ 18,360 
35%
43%
55%
69%
30%
37%
 Blount County 
Carter County  Johnson City-Kings
4,779 
$ 35,500 
$ 25,400 
$ 14,200 
$ 17,520 
40%
49%
56%
69%
30%
37%
 Carter County 
Cheatham County Nashville, TN
1,605 
$ 50,100 
$ 30,600 
$ 19,920 
$ 24,560 
40%
49%
65%
80%
34%
41%
 Cheatham County 
Chester County  Jackson, TN
1,029 
$ 39,800 
$ 25,100 
$ 13,520 
$ 18,120 
34%
46%
54%
72%
28%
38%
 Chester County 
Davidson County  Nashville, TN
95,829 
$ 50,100 
$ 36,300 
$ 19,920 
$ 24,560 
40%
49%
55%
68%
30%
35%
 Davidson County 
Dickson County  Nashville, TN
3,165 
$ 50,100 
$ 30,700 
$ 19,920 
$ 24,560 
40%
49%
65%
80%
34%
41%
 Dickson County 
Fayette County  Memphis, TN-AR-MS
2,126 
$ 45,000 
$ 25,100 
$ 15,800 
$ 18,600 
35%
41%
63%
74%
33%
39%
 Fayette County 
Hamilton County  Chattanooga, TN-GA
40,159 
$ 41,600 
$ 28,200 
$ 16,680 
$ 20,000 
40%
48%
59%
71%
32%
38%
 Hamilton County 
Hawkins County  Johnson City-Kings
3,931 
$ 35,500 
$ 25,200 
$ 14,200 
$ 17,520 
40%
49%
56%
70%
30%
37%
 Hawkins County 
Knox County  Knoxville, TN
48,356 
$ 42,300 
$ 26,900 
$ 14,640 
$ 18,360 
35%
43%
54%
68%
28%
37%
 Knox County 
Loudon County  Knoxville, TN
2,727 
$ 42,300 
$ 25,700 
$ 14,640 
$ 18,360 
35%
43%
57%
71%
31%
38%
 Loudon County 
Madison County  Jackson, TN
10,250 
$ 39,800 
$ 27,900 
$ 13,520 
$ 18,120 
34%
46%
48%
65%
26%
34%
 Madison County 
Marion County  Chattanooga, TN-GA
1,931 
$ 41,600 
$ 27,500 
$ 16,680 
$ 20,000 
40%
48%
61%
73%
32%
39%
 Marion County 
Montgomery County  Clarksville-Hopkin
13,360 
$ 36,800 
$ 26,600 
$ 14,840 
$ 17,360 
40%
47%
56%
65%
30%
34%
 Montgomery County 
Robertson County  Nashville, TN
3,716 
$ 50,100 
$ 27,100 
$ 19,920 
$ 24,560 
40%
49%
74%
91%
39%
45%
 Robertson County 
Rutherford County  Nashville, TN
14,292 
$ 50,100 
$ 29,900 
$ 19,920 
$ 24,560 
40%
49%
67%
82%
35%
43%
 Rutherford County 
Sevier County  Knoxville, TN
4,717 
$ 42,300 
$ 31,200 
$ 14,640 
$ 18,360 
35%
43%
47%
59%
25%
31%
 Sevier County 
Shelby County  Memphis, TN-AR-MS
123,077 
$ 45,000 
$ 29,800 
$ 15,800 
$ 18,600 
35%
41%
53%
62%
28%
33%
 Shelby County 
Sullivan County  Johnson City-Kings
14,199 
$ 35,500 
$ 22,300 
$ 14,200 
$ 17,520 
40%
49%
64%
79%
34%
41%
 Sullivan County 
Sumner County  Nashville, TN
9,209 
$ 50,100 
$ 32,100 
$ 19,920 
$ 24,560 
40%
49%
62%
77%
33%
40%
 Sumner County 
Tipton County  Memphis, TN-AR-MS
3,657 
$ 45,000 
$ 28,200 
$ 15,800 
$ 18,600 
35%
41%
56%
66%
30%
35%
 Tipton County 
Unicoi County  Johnson City-Kings
1,507 
$ 35,500 
$ 22,700 
$ 14,200 
$ 17,520 
40%
49%
63%
77%
33%
40%
 Unicoi County 
Union County  Knoxville, TN
996 
$ 42,300 
$ 27,500 
$ 14,640 
$ 18,360 
35%
43%
53%
67%
28%
35%
 Union County 
Washington County  Johnson City-Kings
11,688 
$ 35,500 
$ 22,200 
$ 14,200 
$ 17,520 
40%
49%
64%
79%
34%
41%
 Washington County 
Williamson County  Nashville, TN
5,718 
$ 50,100 
$ 28,900 
$ 19,920 
$ 24,560 
40%
49%
69%
85%
37%
43%
 Williamson County 
Wilson County  Nashville, TN
4,691 
$ 50,100 
$ 29,800 
$ 19,920 
$ 24,560 
40%
49%
67%
82%
35%
43%
 Wilson County 

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.
 

NOTES:
  • FMR = Fair Market Rent 
  • AMI = Area Median Income, determined by HUD 
  • HUD = Department of Housing and Urban Development 
  • EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income 
  • Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs. 
  • % Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent. 
  • Wage calculations are based on a 40 hour week for 52 weeks per year. 
  • The federal minimum wage is $5.15/hour. 
  • Rows are shaded for navigational purposes only.
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