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

Discover affordable housing in Sneedville where there are 4+ 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.

Tremount Apartments

153 Whitney Cir, Sneedville, Tennessee 37869

Sneedville Gardens

300 Otis Greene Drive, Sneedville, Tennessee 37869

Mountain View Apartments

235 John McNell Blvd., Sneedville, Tennessee 37869

Sneedville Manor

198 Manor Drive, Sneedville, Tennessee

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

How many renters live in Sneedville, Tennessee?

The City of Sneedville has 1,590 people living in 623 households.

There are 711 renters living in 322 renter households in this City. Renters make up 44.72 percent of the population living in Sneedville.

What is the rental market like in Sneedville, Tennessee?

There are an estimated 702 housing units in the Sneedville area. Of these, 332 units are rental homes, making up 47 percent of the housing market. For every renter household in Sneedville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Sneedville?

The rental vacancy rate in Sneedville is 3 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 Sneedville for each bedroom size?

Occupied Rental Units by Size in Sneedville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 83 113 118 8
Occupied Rental Units by Size in Sneedville

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

Among renter households in this market, 57 percent have housing cost burden. Further, 42 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 Sneedville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,384. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $767
Two BR $861
Three BR $1,041
Four BR $1,384
2024 Fair Market Rents in Sneedville, Tennessee

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

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
One BR 62 75 percent
Two BR 63 56 percent
Rental Units Below FMR in Sneedville, Tennessee

How many affordable rental units are in Sneedville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 89
Section 8 Project-Based Rental Assistance 51
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Sneedville, Tennessee

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

Income Based Apartments in Sneedville, Tennessee

Sneedville features 189 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 Sneedville, Tennessee

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

Housing Choice Vouchers in Sneedville, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.