What HUD offices serve Bean Station, 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 Bean Station.
How many renters live in Bean Station, Tennessee?
The City of Bean Station has 2,963 people living in 1,116 households.
There are 366 renters living in 184 renter households in this City. Renters make up 12.35 percent of the population living in Bean Station.
What is the rental market like in Bean Station, Tennessee?
There are an estimated 1,342 housing units in the Bean Station area. Of these, 196 units are rental homes, making up 15 percent of the housing market. For every renter household in Bean Station, Tennessee, there are 1 rental units.
What is the vacancy rate for rentals in Bean Station?
The rental vacancy rate in Bean Station is 6 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 Bean Station for each bedroom size?
Occupied Rental Units by Size in Bean Station
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 25 | 59 | 100 | 0 |
Occupied Rental Units by Size in Bean Station
A large number of apartments in Bean Station 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 Bean Station are overburdened by housing costs?
Among renter households in this market, 43 percent have housing cost burden. Further, 25 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 Bean Station
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $683 |
| One BR | $687 |
| Two BR | $903 |
| Three BR | $1,198 |
| Four BR | $1,203 |
2024 Fair Market Rents in Bean Station, Tennessee
How many units are rented at Fair Market Rent (FMR) in Bean Station?
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 | 11 | 44 percent |
| Two BR | 34 | 58 percent |
Rental Units Below FMR in Bean Station, Tennessee
How many affordable rental units are in Bean Station?
Income Based Apartments in Bean Station, Tennessee
Bean Station features 0 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 Bean Station, Tennessee
There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bean Station.
Housing Choice Vouchers in Bean Station, Tennessee
On average, Section 8 Housing Choice vouchers pay Bean Station landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bean Station.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bean Station, Tennessee for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
