Low Income Apartments and Affordable Housing For Rent in Pikeville, TN

Discover affordable housing in Pikeville 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.

Colonial Manor Apartments

RR 3, Pikeville, Tennessee 37367

Pikeville Townhouses

RR 4 Box 700, Pikeville, Tennessee 37367

Brookview Group Home

466 Cleveland Ave, Pikeville, Tennessee 37367

Birchwood Village

177 Birchwood St Apt 101, Pikeville, Tennessee 37367

Highland Village

Box 300 Apt 102, Pikeville, Tennessee 37367

calendar_today Opened: Apr 8
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pikeville, 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 Pikeville, Tennessee Affordable Housing ↓

What HUD offices serve Pikeville, 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), Family Self-Sufficiency programs for Pikeville, Tennessee.

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

How many renters live in Pikeville, Tennessee?

The City of Pikeville has 2,541 people living in 623 households.

There are 1,626 renters living in 354 renter households in this City. Renters make up 63.99 percent of the population living in Pikeville.

What is the rental market like in Pikeville, Tennessee?

There are an estimated 785 housing units in the Pikeville area. Of these, 406 units are rental homes, making up 52 percent of the housing market. For every renter household in Pikeville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Pikeville?

The rental vacancy rate in Pikeville is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Pikeville for each bedroom size?

Occupied Rental Units by Size in Pikeville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 68 113 129 19
Occupied Rental Units by Size in Pikeville

A large number of apartments in Pikeville 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 Pikeville are overburdened by housing costs?

Among renter households in this market, 47 percent have housing cost burden. Further, 31 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 Pikeville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,461. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $655
Two BR $861
Three BR $1,208
Four BR $1,461
2024 Fair Market Rents in Pikeville, Tennessee

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

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 14 100 percent
One BR 68 100 percent
Two BR 81 72 percent
Rental Units Below FMR in Pikeville, Tennessee

How many affordable rental units are in Pikeville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 25
Public Housing 12
Section 8 Project-Based Rental Assistance 115
USDA Section 515 Rural Rental Housing 88
Tracked Units by Federal Program in Pikeville, Tennessee

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

Income Based Apartments in Pikeville, Tennessee

Pikeville features 121 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 Pikeville, Tennessee

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pikeville.

Housing Choice Vouchers in Pikeville, Tennessee

On average, Section 8 Housing Choice vouchers pay Pikeville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pikeville.

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

Sourced from federal housing data and AffordableHousingOnline.com research.