What HUD offices serve Cannon County, 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.
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Cannon County.
How many renters live in Cannon County, Tennessee?
The County of Cannon County has 14,481 people living in 5,769 households.
There are 3,378 renters living in 1,352 renter households in this County. Renters make up 23.33 percent of the population living in Cannon County.
What is the rental market like in Cannon County, Tennessee?
There are an estimated 6,338 housing units in the Cannon County area. Of these, 1,374 units are rental homes, making up 22 percent of the housing market. For every renter household in Cannon County, Tennessee, there are 1 rental units.
What is the vacancy rate for rentals in Cannon County?
The rental vacancy rate in Cannon County is 2 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 Cannon County for each bedroom size?
Occupied Rental Units by Size in Cannon County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 18 | 253 | 480 | 517 | 84 |
Occupied Rental Units by Size in Cannon County
A large number of apartments in Cannon County 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 Cannon County are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 15 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 Cannon County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,404 to $2,482. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,404 |
| One BR | $1,442 |
| Two BR | $1,619 |
| Three BR | $2,035 |
| Four BR | $2,482 |
2024 Fair Market Rents in Cannon County, Tennessee
How many units are rented at Fair Market Rent (FMR) in Cannon County?
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 | 15 | 83 percent |
| One BR | 195 | 77 percent |
| Two BR | 366 | 76 percent |
Rental Units Below FMR in Cannon County, Tennessee
How many affordable rental units are in Cannon County?
There are a variety of federal affordable housing programs serving households in Cannon County, Tennessee including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 75 |
| Public Housing | 100 |
| Section 202 Supportive Housing for the Elderly | 18 |
| USDA Section 515 Rural Rental Housing | 82 |
Tracked Units by Federal Program in Cannon County, Tennessee
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cannon County, Tennessee
Cannon County features 233 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 Cannon County, Tennessee
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cannon County.
Housing Choice Vouchers in Cannon County, Tennessee
On average, Section 8 Housing Choice vouchers pay Cannon County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cannon County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cannon County, Tennessee for a two-bedroom apartment is between $1,457 and $1,781.
Sourced from federal housing data and AffordableHousingOnline.com research.
