About This Property
Parsons Cove Apts comprises 50 low-income units in Parsons, TN, serving residents with disabilities. The property, placed in service in 2011, offers 44 one-bedroom and 6 two-bedroom floor plans.
Waitlist Information
Waitlist managed by Parsons-Decaturville Housing Authority
Accepting applications for families and senior/disabled individuals. Placement on the waiting list is by date and time application is received. Income limits apply; applicants must be 18 years or older.
The waiting list is currently closed. Placement on the waiting list is by date and time application is received. Income limits apply; applicants must be 18 years or older, with rents subsidized based on household income.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Decatur 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 | $651 |
| 1 Bedroom | $655 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,154 |
| 4 Bedroom | $1,209 |
Income Limits - Decatur 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Parsons, TN?+
The Fair Market Rent (FMR) for Decatur County, TN is: $651 (Studio), $655 (1BR), $861 (2BR), $1154 (3BR), $1209 (4BR). Actual rent at subsidized properties like Parsons Cove Apts is typically 30% of household income or less.
What size apartments are available at Parsons Cove Apts?+
Parsons Cove Apts offers the following unit types: 44 One-Bedroom, 6 Two-Bedroom units, for a total of 50 units.
Who is eligible to live at Parsons Cove Apts?+
Parsons Cove Apts primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Parsons Cove Apts?+
Parsons Cove Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Decatur County, TN?+
For a 4-person household in Decatur 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.
How do I apply for housing at Parsons Cove Apts?+
Parsons Cove 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 Parsons, TN?+
Based on Fair Market Rent for Decatur County, the estimated price range is: 1-bedroom: $655, 2-bedroom: $861. Actual rent at Parsons Cove Apts may be lower for income-eligible households.
Is there a waitlist for Parsons Cove Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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