Wonderwood I Apts. — Income-Restricted Housing in Monterey, TN 38574
1020 N. Chestnut St., Monterey, TN 38574
24 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
How to apply
- Managed by Jackson Realty & Management Co.. USDA does not publish a phone number for this property.
- Find contact info on USDA's Multifamily Housing programs page.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1976
- Bedrooms
- 8 1 bedroom · 40 2 bedrooms
- USDA rental assistance
- 48 units (tenant pays about 30% of income)
- Accessible units
- 5
- Managed by
- Jackson Realty & Management Co.
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Nearby income-restricted buildings
Highland Manor Apts.
535 Old Walton Rd, Monterey, TN 38574
0.8 mi away
23 units · 22 income-restricted · 1 BR
Huddleston/Holladay/Sid
202 S Elm St Apt A, Monterey, TN 38574
0.9 mi away
199 units · 1–3 BR
- Apply through Highlands Residential Services
- Residents waited about 20 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
135 W Wall St
135 W Wall St, Cookeville, TN 38506
11 mi away
8 units · 4 income-restricted · 1–2 BR
- Affordability period may have ended — call to confirm
Rents and income limits in 38574
- Fair market rent, 2 bedrooms
- $1,000/mo
- Income needed to pay it at 30% of income
- $40,000/yr
- Renters in 38574 paying 30% or more of income on rent
- 55%
Income limits (2026)
Putnam County, TN area · median family income $89,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $18,450 | $30,650 | $49,100 |
| 2 | $21,640 | $35,000 | $56,100 |
| 3 | $27,320 | $39,400 | $63,100 |
| 4 | $33,000 | $43,800 | $70,100 |
| 5 | $38,680 | $47,350 | $75,700 |
| 6 | $44,360 | $50,850 | $81,300 |
| 7 | $50,040 | $54,350 | $86,950 |
| 8 | $55,720 | $57,850 | $92,550 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 38574 | Wider area |
|---|---|---|
| Studio | $740 | $799 |
| 1 bedroom | $790 | $887 |
| 2 bedrooms | $1,000 | $1,102 |
| 3 bedrooms | $1,320 | $1,502 |
| 4 bedrooms | $1,410 | $1,564 |
Wider area = Putnam County, TN. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,000 (38554) to $1,250 (38506).
Census figures for 38574 (2020–2024 average): median rent $754. Median household income $52,223. 24% of homes are rented. 55% of renters pay 30% or more of their income on rent, and 18% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 38574's fair market rent.
Estimate your Section 8 rent share for 38574Frequently Asked Questions
How do I apply to Wonderwood I Apts.?
No phone is listed for Wonderwood I Apts.. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Wonderwood I Apts. Section 8 housing?
Wonderwood I Apts. is listed as income-restricted housing in Monterey, TN 38574 (lihtc, usda). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Wonderwood I Apts.?
Public records list 24 units at Wonderwood I Apts. in Monterey, TN 38574. That is a building size, not a count of open apartments.
Are there other affordable apartments near Wonderwood I Apts.?
Yes — this page lists other income-restricted buildings in 38574 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Wonderwood I Apts.?
Call the number on this page and ask about the waiting list or how to apply at Wonderwood I Apts. in Monterey, TN 38574. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Monterey, TN 38574?
Most income-restricted buildings in Monterey, TN 38574 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $30,650, and $43,800 for a 4-person household. Public housing can go up to 80% ($49,100 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Monterey, TN 38574?
For many programs in Monterey, TN 38574, the 2026 HUD very low-income (50%) limit is $30,650 a year for 1 person and $43,800 for 4 people. The low-income (80%) limit is $49,100 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Monterey, TN 38574?
In public housing and most Section 8 in Monterey, TN 38574, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Monterey, TN 38574 is $1,000 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Wonderwood I Apts. take Section 8 vouchers?
This file does not say that Wonderwood I Apts. has a project-based Section 8 contract. Some landlords in Monterey, TN 38574 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Wonderwood I Apts..
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.