Affordable Housing In Carter County
Tennessee

8 Low Income Apartment Communities In Carter County

Village East Apartments

200 North East St
Elizabethton, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

The Courtyard

710 S 2nd St
Elizabethton, TN
Subsidized

Lynnwood Apartments

1235 Bluefield Ave
Elizabethton, TN
Subsidized

Franklin Place

1506 State Line Rd
Elizabethton, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Lynnridge Apartments

1266 Bluefield Ave
Elizabethton, TN
Subsidized

Mountain Hollow

100 Mountain Hollow Ct
Elizabethton, TN
HCV Welcome

Rolling Hills Estate

912 Pine Ridge Cir
Elizabethton, TN

Beasley St Apartments

430 Beasley St
Elizabethton, TN
HCV Welcome
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There are 8 low income housing apartment complexes which contain 742 affordable apartments for rent in Carter County. Many of these rental apartments are income based housing with 689 apartments that set rent based on your income. In Carter County, HUD housing programs support 276 rental assistance apartments through programs like Project-based Section 8. There are 53 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Other Housing Authorities located in Carter County

Housing Authority Programs
Elizabethton Housing and Development Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Carter County, Tennessee

Carter County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 742
Total Rent Assisted Apartments 689
Percentage of Housing Units Occupied By Renters 29.3%
Average Renter Household Size 2.27
Total Population 56,941
Housing Units 23,894
Average Household Size 2.31
Median Household Income $33,213 ±$1,611
Median Rent $565 ±$18
Percentage Of Renters Overburdened 44.69% ± 4.66pp

Population and Household Demographics

Carter County is a County in Tennessee with a population of 56,941. There are 23,894 households in the county with an average household size of 2.31 persons. 29.3% of households in Carter County are renters.

Income and Rent Overburden in Carter County

The median gross income for households in Carter County is $33,213 a year, or $2,768 a month. The median rent for the county is $565 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carter County, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 44.69% of households who rent are overburdened in Carter County.1

Area Median Income In Carter County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Carter County, HUD calculates the Area Median Income for a family of four as $53,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Carter County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Carter County HUD Rental Assistance in Carter County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $29,150 $31,300 $33,450 $35,600
50% of Median $18,900 $21,600 $24,300 $26,950 $29,150 $31,300 $33,450 $35,600
80% of Median $30,200 $34,500 $38,800 $43,100 $46,550 $50,000 $53,450 $56,900
Low Income Housing Tax Credits in Carter County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2011, 18 low income apartment communities containing 1,192 rental apartments have been constructed and made affordable to low income persons in Carter County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Carter County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,900 $21,600 $24,300 $26,950 $29,150 $31,300 $33,450 $35,600
60% of Median $22,680 $25,920 $29,160 $32,340 $34,980 $37,560 $40,140 $42,720

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Carter County is $29,160 a year, or $2,430 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,430 by 30% to get a maximum rent of $729 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $473 $506 $608 $701 $783 $863
60% $567 $608 $729 $842 $939 $1,036
Fair Market Rents in Carter County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$534 $552 $689 $863 $980

Cities In Carter County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Elizabethton 8 The HUD funded Public Housing Agency that serves Elizabethton is the Elizabethton Housing and Development Agency.
Central 0
Hunter 0
Pine Crest 0
Roan Mountain 0
Watauga 0