About This Property
Tipton Village Apts offers 48 low-income units in Covington, Tennessee, with a mix of 16 one-bedroom and 32 two-bedroom apartments. The property has been in service since 1990 and utilizes 4% Low-Income Housing Tax Credits to support affordability. This non-profit owned community serves residents in Tipton County.
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 Tipton Village Apts is typically 30% of household income or less.
What size apartments are available at Tipton Village Apts?+
Tipton Village Apts offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.
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. Actual rent at Tipton Village Apts may be lower for income-eligible households.
How do I apply for housing at Tipton Village Apts?+
Tipton Village 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 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 manages Tipton Village Apts?+
Tipton Village Apts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Tipton Village Apts?+
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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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