Affordable Housing In Loudon County
Tennessee

16 Low Income Apartment Communities In Loudon County

Mcghee Square

225 Kelly Ln
Lenoir City, TN
Subsidized

Hines Valley Apartments

1 Hines Ct
Lenoir City, TN
Accepts Vouchers

Act IIi Group Home

1411 Grove St
Loudon, TN
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Loudon Gardens

300 Clyde St
Loudon, TN
Subsidized

River Manor Apartments

6370 Industrial Blvd
Lenoir City, TN
Accepts Vouchers

Loudonview Apartments

1519 Grove St
Loudon, TN
Accepts Vouchers

Springplace Apartments

304 Locust St
Lenoir City, TN
Subsidized

Lakeview Apartments

1521 Grove Street
Loudon, TN

Sunset Hills

100 Oakwood Dr
Lenoir City, TN

Creekwood Homes

122 Hackberry St
Loudon, TN

Housing Authorities that serve Loudon County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency

Other Housing Authorities located in Loudon County

Housing Authority Programs
Lenoir City Housing Authority Public Housing
Loudon Housing Authority Public Housing

Guide To Affordable Housing in Loudon County, Tennessee

There are 16 low income housing apartment communities offering 1,065 affordable apartments for rent in Loudon County, Tennessee.

Income Based Apartments in Loudon County, Tennessee

Loudon County features 728 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 Loudon County, Tennessee

There are 337 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loudon County.

Housing Choice Vouchers in Loudon County, Tennessee

On average, Section 8 Housing Choice vouchers pay Loudon County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Loudon County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Loudon County, Tennessee for a two-bedroom apartment is between $824 and $1,007.

2020 Loudon 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
Fair Market Rent $624 $742 $915 $1,198 $1,476
Payment Standard Range $562 to $686 $668 to $816 $824 to $1,007 $1,078 to $1,318 $1,328 to $1,624

Sourced from federal housing data and AffordableHousingOnline.com research.

Loudon County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 1,065
Total Housing Units with Rental Assistance 728
Percentage of Housing Units Occupied By Renters 23.24%
Average Renter Household Size 2.66
Average Household Size 2.49
Median Household Income $51,107 ±$2,900
Median Rent $712 ±$39
Percentage Of Renters Overburdened 39.2% ± 6.85pp
Total Population 50,229

Population and Household Demographics

Loudon County is a County in Tennessee with a population of 50,229. There are 20,009 households in the county with an average household size of 2.49 persons. 23.24% of households in Loudon County are renters.

Income and Rent Overburden in Loudon County

The median gross income for households in Loudon County is $51,107 a year, or $4,259 a month. The median rent for the county is $712 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Loudon County, a household making less than $2,373 a month would be considered overburdened when renting an apartment at or above the median rent. 39.2% of households who rent are overburdened in Loudon County.1

Area Median Income In Loudon 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 Loudon County, HUD calculates the Area Median Income for a family of four as $69,900

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 Loudon 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 Loudon County HUD Rental Assistance in Loudon County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,700 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,500 $28,000 $31,500 $34,950 $37,750 $40,550 $43,350 $46,150
80% of Median $39,150 $44,750 $50,350 $55,900 $60,400 $64,850 $69,350 $73,800

Cities In Loudon County

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

City Listings Served By
Loudon 8 The HUD funded Public Housing Agencies that serve Loudon are the Loudon Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Lenoir City 8 The HUD funded Public Housing Agencies that serve Lenoir City are the Lenoir City Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Greenback 0 The HUD funded Public Housing Agencies that serve Greenback are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Philadelphia 0 The HUD funded Public Housing Agencies that serve Philadelphia are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Tellico Village 0 The HUD funded Public Housing Agencies that serve Tellico Village are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.