About This Property
Cottonwood Estates comprises 24 low-income units in Covington, Tennessee, with a mix of one-, two-, and three-bedroom apartments serving families. The property was placed in service in 2003 and operates under 9% Low-Income Housing Tax Credit financing. Eight one-bedroom, ten two-bedroom, and six three-bedroom units are available at this Tipton County community.
Waitlist Information
Waitlist managed by Covington Housing Authority
The waitlist is currently closed. Selected applicants have been placed on the waiting list. The present average wait time is about two years but could be four years or longer. CHA strongly encourages Waiting List Applicants to look for other housing options.
The website mentions 'Housing Choice Vouchers (previously known as Section 8)'. An 'Important Notification for Applicants on CHA Wait List' was posted on Jan 17, 2023.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Tipton 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 | $1,031 |
| 1 Bedroom | $1,146 |
| 2 Bedroom | $1,298 |
| 3 Bedroom | $1,711 |
| 4 Bedroom | $1,995 |
Income Limits - Tipton County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,450
- Very Low (50%)
- $24,050
- Low (80%)
- $38,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,850
- Low (80%)
- $63,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,350
- Low (80%)
- $72,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,450 | $24,050 | $38,500 |
| 2 Persons | $17,420 | $27,500 | $44,000 |
| 3 Persons | $21,960 | $30,950 | $49,500 |
| 4 Persons | $26,500 | $34,350 | $54,950 |
| 5 Persons | $31,040 | $37,100 | $59,350 |
| 6 Persons | $35,580 | $39,850 | $63,750 |
| 7 Persons | $40,120 | $42,600 | $68,150 |
| 8 Persons | $44,660 | $45,350 | $72,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Covington, TN?+
The Fair Market Rent (FMR) for Tipton County, TN is: $1031 (Studio), $1146 (1BR), $1298 (2BR), $1711 (3BR), $1995 (4BR). Actual rent at subsidized properties like Cottonwood Estates is typically 30% of household income or less.
What size apartments are available at Cottonwood Estates?+
Cottonwood Estates offers the following unit types: 8 One-Bedroom, 10 Two-Bedroom, 6 Three-Bedroom units, for a total of 24 units.
Who manages Cottonwood Estates?+
Cottonwood Estates is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cottonwood Estates?+
Cottonwood Estates 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.
Is there a waitlist for Cottonwood Estates?+
Public Housing waitlist is currently Closed. 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.
What are the income limits for affordable housing in Tipton County, TN?+
For a 4-person household in Tipton County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,350, Low Income (80% AMI): $54,950. These limits are set by HUD and updated annually.
Who is eligible to live at Cottonwood Estates?+
Cottonwood Estates primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Covington, TN?+
Based on Fair Market Rent for Tipton County, the estimated price range is: 1-bedroom: $1146, 2-bedroom: $1298, 3-bedroom: $1711. Actual rent at Cottonwood Estates may be lower for income-eligible households.
Contact Information
Location
Tipton County, TN
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