Affordable Housing Hub
Low Income (LIHTC)

Water Mill Apts

7201 Caspian Dr, Fairview, TN, 37062

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Water Mill Apts comprises 88 low-income units in Fairview, Tennessee, with a mix of 72 two-bedroom and 16 three-bedroom apartments. The property, which has been in service since 2010, serves families and individuals with disabilities. Residents can contact the management office for lease inquiries and additional information.

Property Details

Total Units
88
2 Bedroom
72
3 Bedroom
16

Fair Market Rent - Williamson County, TN

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,404
1 Bedroom$1,442
2 Bedroom$1,619
3 Bedroom$2,035
4 Bedroom$2,482

Income Limits - Williamson County, TN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$17,750
Very Low (50%)
$29,550
Low (80%)
$47,250
2 Persons
Extremely Low (30%)
$20,250
Very Low (50%)
$33,750
Low (80%)
$54,000
3 Persons
Extremely Low (30%)
$22,800
Very Low (50%)
$37,950
Low (80%)
$60,750
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$42,150
Low (80%)
$67,450
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$45,550
Low (80%)
$72,850
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$48,900
Low (80%)
$78,250
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$52,300
Low (80%)
$83,650
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$55,650
Low (80%)
$89,050

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Tax Credit Program Details

Year Placed in Service
2010
LIHTC Credit Type
4
Low-Income Units
88 / 88
Target Population
FamiliesDisabled
Funding Programs
TCEPRental Assistance

Frequently Asked Questions

What is the average rent for affordable housing in Fairview, TN?+

The Fair Market Rent (FMR) for Williamson County, TN is: $1404 (Studio), $1442 (1BR), $1619 (2BR), $2035 (3BR), $2482 (4BR). Actual rent at subsidized properties like Water Mill Apts is typically 30% of household income or less.

What size apartments are available at Water Mill Apts?+

Water Mill Apts offers the following unit types: 72 Two-Bedroom, 16 Three-Bedroom units, for a total of 88 units.

How do I apply for housing at Water Mill Apts?+

Water Mill 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 are the income limits for affordable housing in Williamson County, TN?+

For a 4-person household in Williamson County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,150, Low Income (80% AMI): $67,450. These limits are set by HUD and updated annually.

Who is eligible to live at Water Mill Apts?+

Water Mill Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Who manages Water Mill Apts?+

Water Mill Apts is managed by . You can reach them at . Visit their website for more information.

What is the price range for apartments in Fairview, TN?+

Based on Fair Market Rent for Williamson County, the estimated price range is: 2-bedroom: $1619, 3-bedroom: $2035. Actual rent at Water Mill Apts may be lower for income-eligible households.

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Walk Score

Almost All Errands Require a Car

0
Walk
12
Bike

Nearby Schools

PK,KG,1,2,3,4,5

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Williamson County, TN

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