Affordable Housing In Etowah
McMinn County, Tennessee

1 Low Income Apartment Communities In Etowah

Circle Drive

101 Circle Dr
Etowah, Tennessee
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Section 8 Vouchers, Apartments, and Waiting Lists in Etowah, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Etowah, Tennessee

Housing Authority Programs
Etowah Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Dayton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Etowah, Tennessee

There are 1 low income housing apartment communities offering 136 affordable apartments for rent in Etowah, Tennessee.

Income Based Apartments in Etowah, Tennessee

Etowah features 136 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 Etowah, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Etowah.

Housing Choice Vouchers in Etowah, Tennessee

On average, Section 8 Housing Choice vouchers pay Etowah landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Etowah.

The maximum amount a voucher would pay on behalf of a low-income tenant in Etowah, Tennessee for a two-bedroom apartment is between $629 and $769.

2022 Etowah, 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
Etowah, Tennessee Fair Market Rent $584 $610 $699 $944 $948
Etowah, Tennessee Payment Standard Range $526 to $642 $549 to $671 $629 to $769 $850 to $1,038 $853 to $1,043

Sourced from federal housing data and AffordableHousingOnline.com research.

Etowah, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 136
Total Housing Units with Rental Assistance 136
Percentage of Housing Units Occupied By Renters 37.52%
Average Renter Household Size 2.11
Average Household Size 2.37
Median Household Income $27,162 ±$9,589
Median Rent $445 ±$200
Percentage Of Renters Overburdened 37.91% ± 20.69pp
Total Population 3,493

Population and Household Demographics

Etowah is a city in McMinn County, Tennessee with a population of 3,493. There are 1,378 households in the city with an average household size of 2.37 persons. 37.52% of households in Etowah are renters.

Income and Rent Overburden in Etowah

The median gross income for households in Etowah is $27,162 a year, or $2,264 a month. The median rent for the city is $445 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Etowah, a household making less than $1,483 a month would be considered overburdened when renting an apartment at or above the median rent. 37.91% of households who rent are overburdened in Etowah.

Area Median Income In Etowah

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Etowah, the AMI is calculated from all households within McMinn County.

In Etowah, HUD calculates the Area Median Income for a family of four as $61,100

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 Etowah

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 Etowah

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 Etowah AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $36,600 $39,150 $41,650
50% AMI Income Limits
Renters earning up to 50% of the Etowah AMI may qualify for rental assistance programs that target Very Low Income households.
$22,100 $25,250 $28,400 $31,550 $34,100 $36,600 $39,150 $41,650
80% AMI Income Limits
Renters earning up to 80% of the Etowah AMI may qualify for rental assistance programs that target Low Income households.
$35,350 $40,400 $45,450 $50,450 $54,500 $58,550 $62,600 $66,600