Low Income Apartments In Cocke County
Tennessee

Low Income Apartments In Cocke County

Blue Ridge Apartments

800 Blue Ridge Way
Newport, TN
1-3 BR
Subsidized

Newport Terrace Apartments

425 Terrace Way
Newport, TN
Subsidized

Newport Group Home

299 Bailey St
Newport, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

River Rest Apartments

330 River Rest Way
Newport, TN
Subsidized

Suncrest Apartments

261 Suncrest Way
Newport, TN
Subsidized

Col. C. T. Rhyne Homes

335 E Broadway
Newport, TN

Cocke Estates

100 Elena Ln
Newport, TN
HCV Welcome

Mt View Apartments

270 Senior Way
Newport, TN
Subsidized

Newport Village Apartments

421 Appalachian Way
Newport, TN
Subsidized

Newport Manor Apartments

299 Dykes St
Newport, TN
Subsidized

There are 12 low income housing apartment complexes which contain 890 affordable apartments for rent in Cocke County, Tennessee. Many of these rental apartments are income based housing with about 769 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 139 Project-Based Section 8 subsidized apartments in Cocke County. There are 121 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Cocke County

Housing Authority Programs
Morristown Housing Authority Section 8 Housing Choice Voucher; Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency

Other Housing Authorities located in Cocke County

Housing Authority Programs
Newport Housing Authority Public Housing

Guide To Affordable Housing in Cocke County, Tennessee

Cocke County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 890
Total Rent Assisted Apartments 769
Percentage of Housing Units Occupied By Renters 31.24%
Average Renter Household Size 2.38
Total Population 35,321
Housing Units 14,710
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.1

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 $43,100

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 Cocke County HUD Rental Assistance in Cocke County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,050 $27,100 $29,100 $31,100 $33,100
50% of Median $17,550 $20,050 $22,550 $25,050 $27,100 $29,100 $31,100 $33,100
80% of Median $28,100 $32,100 $36,100 $40,100 $43,350 $46,550 $49,750 $52,950
Low Income Housing Tax Credits in Cocke 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 2006, 7 low income apartment communities containing 290 rental apartments have been constructed and made affordable to low income persons in Cocke 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 Cocke County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $21,060 $24,060 $27,060 $30,060 $32,520 $34,920 $37,320 $39,720

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 Cocke County is $27,060 a year, or $2,255 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,255 by 30% to get a maximum rent of $677 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% $439 $470 $564 $652 $728 $803
60% $527 $564 $677 $782 $873 $963
Fair Market Rents in Cocke 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
$457 $468 $619 $887 $919

Cities In Cocke County

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

City Listings Served By
Newport 12 The HUD funded Public Housing Agencies that serve Newport are the Newport Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Parrottsville 0 The HUD funded Public Housing Agencies that serve Parrottsville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.