Affordable Housing In Cocke County
14 Low Income Apartment Communities In Cocke County
Housing Authorities that serve Cocke County
|Morristown Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Tennessee Housing Development Agency||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership|
Guide To Affordable Housing in Cocke County, Tennessee
There are 14 low income housing apartment communities offering 958 affordable apartments for rent in Cocke County, Tennessee.
Income Based Apartments in Cocke County, Tennessee
Cocke County features 837 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 Cocke County, Tennessee
There are 121 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cocke County.
Housing Choice Vouchers in Cocke County, Tennessee
On average, Section 8 Housing Choice vouchers pay Cocke County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Cocke County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cocke County, Tennessee for a two-bedroom apartment is between $597 and $729.
2021 Cocke County, Tennessee Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Cocke County, Tennessee Fair Market Rent||$500||$503||$663||$949||$1,148|
|Cocke County, Tennessee Payment Standard Range||$450 to $550||$453 to $553||$597 to $729||$854 to $1,044||$1,033 to $1,263|
Sourced from federal housing data and AffordableHousingOnline.com research.
Cocke County, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||14|
|Total Low Income Apartments||958|
|Total Housing Units with Rental Assistance||837|
|Percentage of Housing Units Occupied By Renters||31.24%|
|Average Renter Household Size||2.38|
|Average Household Size||2.38|
|Median Household Income||$31,187 ±$2,688|
|Median Rent||$556 ±$35|
|Percentage Of Renters Overburdened||39.65% ± 6.38pp|
Population and Household Demographics
Cocke County is a county in Tennessee with a population of 35,321. There are 14,710 households in the county with an average household size of 2.38 persons. 31.24% of households in Cocke County are renters.
Income and Rent Overburden in Cocke County
The median gross income for households in Cocke County is $31,187 a year, or $2,599 a month. The median rent for the county is $556 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cocke County, a household making less than $1,853 a month would be considered overburdened when renting an apartment at or above the median rent. 39.65% of households who rent are overburdened in Cocke County.
Area Median Income In Cocke 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 Cocke County, HUD calculates the Area Median Income for a family of four as $44,600
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 Cocke 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 HUD Rental Assistance in Cocke County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Cocke County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Cocke County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Cocke County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Cocke County
Select A City to View its Apartment Communities and Waiting Lists.
|Newport||The HUD funded Public Housing Agencies that serve Newport are the Newport Housing Authority, Tennessee Housing Development Agency and Morristown Housing Authority.|
|Parrottsville||The HUD funded Public Housing Agencies that serve Parrottsville are the Tennessee Housing Development Agency and Morristown Housing Authority.|