What HUD offices serve Knoxville, 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 Knoxville.
How many renters live in Knoxville, Tennessee?
The City of Knoxville has people living in households.
There are renters living in renter households in this City. Renters make up 46.23 percent of the population living in Knoxville.
What is the rental market like in Knoxville, Tennessee?
There are an estimated housing units in the Knoxville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Knoxville, Tennessee, there are 1.07 rental units.
What is the vacancy rate for rentals in Knoxville?
The rental vacancy rate in Knoxville is 5 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 Knoxville for each bedroom size?
Occupied Rental Units by Size in Knoxville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 2,374 14,762 20,070 8,086 1,542 Occupied Rental Units by Size in Knoxville
A large number of apartments in Knoxville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Knoxville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,833. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $985 One BR $1,000 Two BR $1,221 Three BR $1,578 Four BR $1,833 2024 Fair Market Rents in Knoxville, Tennessee
How many units are rented at Fair Market Rent (FMR) in Knoxville?
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 Studio 1,990 84 percent One BR 8,001 54 percent Two BR 10,710 53 percent Rental Units Below FMR in Knoxville, Tennessee
How many affordable rental units are in Knoxville?
There are a variety of federal affordable housing programs serving households in
Knoxville, Tennessee including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 236 Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Knoxville, Tennessee
Income Based Apartments in Knoxville, Tennessee
Knoxville features 7,226 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 Knoxville, Tennessee
There are 3,233 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knoxville.
Housing Choice Vouchers in Knoxville, Tennessee
On average, Section 8 Housing Choice vouchers pay Knoxville landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Knoxville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Knoxville, Tennessee for a two-bedroom apartment is between $1,099 and $1,343.
Sourced from federal housing data and AffordableHousingOnline.com research.