Low Income Apartments and Affordable Housing For Rent in Mountain City, TN

Discover affordable housing in Mountain City where there are 5+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Mountain City Manor Apartments

310 Dotson Ln, Mountain City, Tennessee 37683

Hillcrest Apartments

1444 Crossroads Dr, Mountain City, Tennessee 37683

Heritage Acres

924 Medical Park Dr, Mountain City, Tennessee 37683

Shouns Manor Apartment

3933 Highway 421 South, Mountain City, Tennessee 37683

Village Apartments

1168 S Shady St, Mountain City, Tennessee 37683

calendar_today Opened: Jun 23
Open Until Further Notice

Reported On December 21st, 2023 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mountain City, Tennessee
$16.31/hour
$9.06 (+125%) more than Tennessee minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Mountain City, Tennessee Affordable Housing ↓

What HUD offices serve Mountain City, Tennessee?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV) programs for Mountain City, Tennessee.

Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Mountain City.

How many renters live in Mountain City, Tennessee?

The City of Mountain City has 2,396 people living in 1,049 households.

There are 940 renters living in 461 renter households in this City. Renters make up 39.23 percent of the population living in Mountain City.

What is the rental market like in Mountain City, Tennessee?

There are an estimated 1,274 housing units in the Mountain City area. Of these, 495 units are rental homes, making up 39 percent of the housing market. For every renter household in Mountain City, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Mountain City?

The rental vacancy rate in Mountain City is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Mountain City for each bedroom size?

Occupied Rental Units by Size in Mountain City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 221 143 63 5
Occupied Rental Units by Size in Mountain City

A large number of apartments in Mountain City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Mountain City are overburdened by housing costs?

Among renter households in this market, 30 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Mountain City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,209. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $761
Two BR $861
Three BR $1,063
Four BR $1,209
2024 Fair Market Rents in Mountain City, Tennessee

How many units are rented at Fair Market Rent (FMR) in Mountain City?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 23 100 percent
One BR 153 69 percent
Two BR 119 83 percent
Rental Units Below FMR in Mountain City, Tennessee

How many affordable rental units are in Mountain City?

There are a variety of federal affordable housing programs serving households in Mountain City, Tennessee including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 8 Project-Based Rental Assistance 45
Mod Rehab Project-Based Rental Assistance 49
USDA Section 515 Rural Rental Housing 88
Tracked Units by Federal Program in Mountain City, Tennessee

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Mountain City, Tennessee

Mountain City features 232 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Mountain City, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mountain City.

Housing Choice Vouchers in Mountain City, Tennessee

On average, Section 8 Housing Choice vouchers pay Mountain City landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Mountain City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mountain City, Tennessee for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.