About This Property
Oakwood Apts is a 54-unit apartment community in Greenfield, TN that includes 18 low-income units and has been in service since 1987. The property offers a mix of 24 one-bedroom and 30 two-bedroom units and is funded through 4% Low-Income Housing Tax Credits. A non-profit entity owns and manages the community.
Property Details
Fair Market Rent - Weakley County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $707 |
| 1 Bedroom | $728 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,041 |
| 4 Bedroom | $1,461 |
Income Limits - Weakley County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,600
- Low (80%)
- $36,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $30,500
- Low (80%)
- $48,750
- Extremely Low (30%)
- $32,750
- Very Low (50%)
- $32,750
- Low (80%)
- $52,350
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $37,250
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,600 |
| 2 Persons | $17,420 | $22,600 | $36,100 |
| 3 Persons | $21,960 | $25,400 | $40,600 |
| 4 Persons | $26,500 | $28,200 | $45,100 |
| 5 Persons | $30,500 | $30,500 | $48,750 |
| 6 Persons | $32,750 | $32,750 | $52,350 |
| 7 Persons | $35,000 | $35,000 | $55,950 |
| 8 Persons | $37,250 | $37,250 | $59,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Greenfield, TN?+
The Fair Market Rent (FMR) for Weakley County, TN is: $707 (Studio), $728 (1BR), $861 (2BR), $1041 (3BR), $1461 (4BR). Actual rent at subsidized properties like Oakwood Apts is typically 30% of household income or less.
What size apartments are available at Oakwood Apts?+
Oakwood Apts offers the following unit types: 24 One-Bedroom, 30 Two-Bedroom units, for a total of 54 units.
How do I apply for housing at Oakwood Apts?+
Oakwood Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Greenfield, TN?+
Based on Fair Market Rent for Weakley County, the estimated price range is: 1-bedroom: $728, 2-bedroom: $861. Actual rent at Oakwood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Weakley County, TN?+
For a 4-person household in Weakley County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,200, Low Income (80% AMI): $45,100. These limits are set by HUD and updated annually.
Who manages Oakwood Apts?+
Oakwood Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
